Green Tree Financial Corp.

September 5 2003

A $12.5 million settlement has been reached and is pending approval in the class action lawsuit filed against Green Tree Financial Corp., formerly Conseco Finance Corp., by shareholders. The suit alleged that the company's stock was artificially inflated due to questionable accounting practices on the part of the company's former officials. (Jul-23-03) [PIONEER PRESS]

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Reader Comments

Posted by
Jeff Daniels
I got tossed into the GT circus after BOA decided that they did not want those loans. I never missed a payment EVER!!!!!! GT immediately started calling and harassing me to no end. From 0700 to 1000 all day. They claimed that I was 3 months behind. Bullcrap! This went on for years. I was probably very close to losing my house when I finally contacted an attorney. We negotiated for a refi thru GT. I was supposed to get my payments reduced from 1100.00 dollars per month to 800.00 per month. That was a little over a year ago. That has never happened. They keep claiming my extra payments are going towards catching up my escrow. Even before the refi, I used to pay extra for money towards my principal. I guess all that money disappeared. Before the refi, I used to pay all of my own insurance and taxes too. Now they demand that I pay them. I have all the records to show everything. Is there anyone out there who can help me? JD

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