Thrifts and Mortgage Finance
Company Overview of Green Tree Servicing LLC
Green Tree Servicing LLC services home mortgages, refinancing, home equity lines, and other financial accounts in the United States. It provides special servicing, loss mitigation strategies, and integrated capital market solutions to credit-risk holders. The company’s mortgage solutions include home affordable refinance programs, reverse mortgage loans, and home loan refinancing options. It also provides homeowners, manufactured home, home warranty, automobile, motorcycle/ATV, RV/ trailer, and boat/PWC insurance solutions. The company was founded in 1975 and is based in St. Paul, Minnesota with offices in the United States. It has facilities in Rapid City, South Dakota; Tempe, Arizona; and ...
345 Saint Peter Street
St. Paul, MN 55102
Founded in 1975
Key Executives for Green Tree Servicing LLC
Executive Vice President and Director
Compensation as of Fiscal Year 2015.
Green Tree Servicing LLC Key Developments
Green Tree Servicing Agrees to Pay $63 Million Settlement over Loan Complaints
Apr 22 15
Green Tree Servicing LLC will pay $63 million to resolve charges that it hurt homeowners with illegal loan servicing and debt collection practices. The company 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. The company will pay $48 million to affected consumers and a $15 million civil penalty. The settlement resolves allegations arising from an investigation that began in 2010. Walter Investment previously disclosed it had accrued the full amount of the settlement during 2014. The settlement will be paid from available cash and won't alter Walter's 2015 business plan.
Green Tree Servicing LLC Resolves Previously Disclosed Federal Trade Commission and Consumer Financial Protection Bureau Investigation
Apr 21 15
Green Tree Servicing LLC issued the statement regarding its settlement with the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB): Under terms of the stipulated order, which resolves allegations arising from an investigation that began in 2010, Green Tree has agreed, without admitting or denying any allegations, to injunctive relief, including the establishment of a data integrity program and a home preservation program, and will pay $48 million for consumer redress and a civil money penalty of $15 million. The settlement amount will be paid from available cash. The company developed its 2015 business plan taking the terms of the stipulated order into account, and the issuance of this order does not alter that business plan.
Green Tree Servicing LLC Amends Servicer Advance Financing Facility
Dec 29 14
Walter Investment Management Corp. announced that on December 19, 2014, its wholly owned subsidiary, Green Tree Servicing LLC entered into a newly amended $1.2 billion servicer advance facility with Barclays Bank PLC as sole noteholder under the Facility. In connection therewith, approximately $1.1 billion of the Facility capacity was drawn and used by Green Tree to, among other things, repay approximately $765.0 million of Green Tree's liability under its early advance reimbursement agreement with Fannie Mae.
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