Greentree Servicing - Greentree seeking recover bankructy funds from 2008
bank of america sold loan to g tree during modifacation all payments from beginnig of modification were paid on time if not the modifacation would not have been approved because that was the main qualifications never recieved anything type of advanced for any thing.i ma in a 40yr loan at 6.6% this ius what green tree give me after they lied to my credit union about my on time payment they said i was late but never was they did this to stop my refiance and now they are stopping me again with this 5239.85 corporate advance that i no nothing about
Reason of review: mortgage being heldhostage.
Monetary Loss: $5240.
Preferred solution: coropate advance remove from mortgage .
Location: Washington, District Of Columbia
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CFPB AND FEDERAL TRADE COMMISSION TAKE ACTION AGAINST GREEN TREE SERVICING FOR MISTREATING BORROWERS TRYING TO SAVE THEIR HOMES
APR 21 2015
CFPB and Federal Trade Commission Take Action Against Green Tree Servicing for Mistreating Borrowers Trying to Save Their Homes
Green Tree to Pay $48 Million in Borrower Restitution and $15 Million Fine for Servicing Failures
WASHINGTON, D.C.โ Today, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) took action against Green Tree Servicing, LLC, for mistreating mortgage borrowers who were trying to save their homes from foreclosure. The mortgage servicer failed to honor modifications for loans transferred from other servicers, demanded payments before providing loss mitigation options, delayed decisions on short sales, and harassed and threatened overdue borrowers. Green Tree has agreed to pay $48 million in restitution to victims, and a $15 million civil money penalty for its illegal actions.