Who is the owner of green tree mortgage?

Green Tree Servicing is merging with Ditech Mortgage Corp., the companies recently announced. The merger is expected take place on Aug. 31. Both companies are owned by Walter Investment Management Corp. Ditech was acquired by Walter Investment Management from Ally Financial, formerly GMAC-ResCap, in March 2013.

When did Green Tree Servicing stop servicing mortgages?

If Green Tree serviced your mortgage from 2010 to 2014, you might be due some compensation for alleged wrongdoings. Today, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) ordered Green Tree Servicing to pay $48 million in borrower restitution along with a $15 million fine to the CFPB’s Civil Penalty Fund.

What kind of abuses does green tree mortgage do?

Green Tree has been accused of a number of abuses, including not honoring loan modification programs, delaying short sale decisions, and charging customers “convenience fees” when paying their mortgages. ConsumersAdvocate.org – Educated Decisions Make Informed Consumers.

Why did green tree mortgage merge with ditech?

“By consolidating our Green Tree and Ditech brands under the name ‘Ditech, a Walter Company’ and enhancing focus on the use of technology, we will drive efficiencies through the reduction of duplicative functions and cost structures and become a stronger, more unified end-to-end mortgage company,” O’Brien said in February.

Who is the parent company of green tree mortgage?

Last month, HousingWire reported that Green Tree’s days were numbered, after Green Tree’s parent company, Walter Investment Management Corp. ( WAC ), announced quietly that it planned to merge Green Tree with another of Walter Investment’s well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company.

What happens to green tree mortgage when foreclosure happens?

And for mortgages already in a loan modification program, Green Tree must honor loss mitigation agreements entered into by the prior loan servicer. If a borrower is in the process of foreclosure, it must be halted while the company reaches out to borrowers and evaluates other potential loss mitigation options.

How does Greentree mortgage help with home remodeling?

Whether you are interested in a new home, remodeling or refinancing your current home, or consolidating your credit card debt, we will work with you to create a customized solution for your goals. And at Greentree, we have the experience and know how to make your solution an easy and painless process, so you can focus on the important things.