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Will a $63 million FTC CFPB settlement encourage Green Tree to make over a new leaf?

Will a $63 million FTC CFPB settlement encourage Green Tree to make over a new leaf?

Once the name implies, Green Tree Servicing ended up being likely to program homeowners’ mortgages by gathering and crediting monthly premiums. But in accordance with a $63 million settlement established by the FTC and CFPB, as opposed to solution, Green Tree offered homeowners that are many company.

Mortgages tend to be moved through the life of that loan, so customers might find on their own locked in a relationship having a servicer they did select and with n’t no possibility to check around. Green Tree ended up being a large title in servicing loans for manufactured housing, but recently made a significant transfer to the market that is residential.