Is Green Tree a trusted lending company?


Quick Answer

In April 2015, the Federal Trade Commission and Consumer Financial Protection Board took action against Green Tree Servicing for illegal activity, reports the CFPB. Green Tree agreed to pay a $15 million penalty and $48 million in restitution to its victims, as well as ceasing questionable business practices.

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Full Answer

The allegations against Green Tree Servicing include mismanagement of loans it acquired from other lenders and mistreatment of its mortgage customers, according to the CFPB. In August 2015, Green Tree merged with Ditech Mortgage Corp, reports Mortgage Orb. As of October 2015, the merged businesses now operate under the name Ditech Financial LLC.

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