Green Tree Financial Servicing Corp Connections to Bank of America

Green Tree Financial Servicing Corp has a notable connection to Bank of America. Green Tree Financial was acquired by Bank of America in 2002.

The acquisition gave Bank of America a significant boost in the subprime lending market.

Green Tree Financial was a leading player in the subprime mortgage market at the time of the acquisition.

The acquisition also brought with it a large portfolio of subprime mortgages.

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Green Tree Servicing is connected to Bank of America, as it releases many of its mortgages to the bank. This connection highlights the complex web of financial institutions involved in mortgage servicing.

Green Tree Servicing LLC was once a subsidiary of Green Point Financial Corporation, but Green Point went out of business and sold its loans to Green Tree, which now services them.

Walter Investment Management Corp owns Green Tree Servicing LLC, making it a subsidiary of the larger corporation. This ownership structure is an important aspect of understanding the business behind Green Tree Servicing.

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Tampa's Walter Investment Management has reported a $38.1 million loss for its second quarter, bringing its losses for the first half of 2015 to more than $69 million.

The firm's subsidiary, Green Tree Servicing LLC, was at the center of a $63 million settlement with the federal government in April for allegedly mistreating borrowers and making illegal debt collection calls.

Green Tree was required to pay $48 million to affected customers and a $15 million civil money penalty.

The company's parent, Walter Investment Management, is now merging Green Tree into another subsidiary, Ditech, which will now be known as Ditech, a Walter company.

The formal merger takes place at the end of this month, effectively ending the Green Tree name.

Walter Investment CEO Mark J. O'Brien stated that the combination of Green Tree and Ditech will leverage talent and enhance the customer experience, streamline processes, and improve retention efforts.

The Green Tree name has faced negative publicity for some time, and it's no surprise that the company is trying to distance itself from the brand.

Walter Investment Management Corp is the parent company of Green Tree Servicing LLC.

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Green Tree Servicing is a service company that Bank of America releases many of its mortgages to. This connection highlights the importance of understanding business affiliations in the financial industry.

Green Tree Servicing is a service company that Bank of America releases many of its mortgages to.

For another approach, see: Mortgage Servicing Ratio

Green Tree Servicing LLC is not a subsidiary of Green Point Financial Corporation, as Green Point went out of business and its servicing was sold to Green Tree Servicing LLC.

Green Tree Servicing LLC acquired the servicing of Green Point's loans, but not necessarily ownership of them. Some loans are now owned by Green Tree, while others may be owned by outside investors and serviced by Green Tree.

Green Point is no longer in business, which means that Green Tree Servicing LLC is not a subsidiary of a company that still exists.

Green Tree Servicing LLC is owned by Walter Investment Management Corp. This is according to my research, which confirms that Walter Investment Management Corp is the parent company of Green Tree Servicing LLC.

Green Tree Servicing LLC specializes in handling "bad debt", which refers to loans that are late or overdue. This is a common service provided by companies like Green Tree.

Green Point Financial Corporation went out of business and its loans were sold to Green Tree Servicing LLC, which now services some of those loans.