Life of Loan Flood Certification Green Tree Servicing only accepts LOL certs; non-LOL flood . Recently Acquired Financial Services Companies, Recently Sold Financial Services Companies, Recently Acquired United States Companies, M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. ET. No lines, no paperwork and within minutes, you can request a loan from the comfort of your own home through Green Tree Financial. Conseco Finance Servicing Corp. Overview. It is your responsibility to peruse the loan agreement carefully and accept the offer only if you agree to all the terms. Green Tree Financial has acquired 0 companies of its own. Although the two companies merged to form one holding company late in 1983, internal operations still reflected Hilbert's original concept. CCP's first acquisition was Great American Reserve Insurance Co. for $135 million. The name of the limited liability company into which Conseco Finance Servicing Corp. shall be converted is Green Tree Servicing FURTHER RESOLVED, that the Amendment to the Certificate of Incorporation stated above has been adopted pursuant to Section242 of VRM Mortgage Services Promotes Leigh Gibson to VP of Strategic Initiatives, Dean Kelker: Appraisal Modernization is Starting to Gain Momentum, Case-Shiller: U.S. Home Prices Fell 0.3 Percent in December, California Court of Appeals Invalidates Default Interest Provision, How Mortgage Servicers Can Navigate Rising ARMs Successfully, Finding Growth with Loan Product Innovation, How Lenders Can Capitalize on a Resurgent Market for HELOCs, How Lenders Can Utilize CRM to Grow Sales, Distressed Mortgages Remain Small Portion of Servicers Portfolios, Rate of Zombie Foreclosures Not Too Scary at the Moment. Important Disclosures. Credit checks are usually performed by one of the major credit bureaus such as Experian, Equifax and TransUnion, but also may include alternative credit bureaus such as Teletrack, DP Bureau or others. The total number of shares of stock which this corporation is authorized to issue is 1,000 shares, with no par value, all of which shares are The undersigned being all of the directors of Green Tree Financial Servicing Corporation (the Corporation), a Delaware -GEMB Lending, Inc.-Green Tree Financial Servicing Corporation-Mill Creek Bank.-Monogram Bank, USA-Synchrony-Transamerica Bank: Asset Types:-automobile (only those related to an entity in the list)-motorcycle, three-wheeler, etc. Article 1 of the Certificate of Incorporation of the Corporation shall be amended to read as follows: The name of this corporation is Conseco Finance Servicing Corp. FURTHER RESOLVED, that the effective date of this Amendment, as described above, shall be November1,1999. By submitting your information via this website, you are authorizing Greentree-Financial.com and its partners to do a credit check, which may include verifying your social security number, driver license number or other identification, and a review of your creditworthiness. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Pursuant to Section18-209 of the Delaware Limited Liability Company Act (the DLLCA), the undersigned hereby certifies 2004) case opinion from the U.S. Court of Appeals for the Eighth Circuit Financial Services Company. It operates service centers in Tempe, Arizona, and Rapid City, South Dakota. As a diversified mortgage operation consolidated under one name, we will be well positioned to take advantage of sector opportunities and leverage our core capabilities to provide high-quality service to our consumers and clients and deliver value to our shareholders.. At the end of 1996 Conseco made two more acquisitions--American Travellers Corp. for $880 million and Transport Holdings, Inc., for $228 million. In 1995 Conseco formed a new division, Conseco Global Investments, and purchased the remaining shares of CCP. Copies of canceled checks. Green Tree Financial is an online marketplace where a lender can give you a decision instantly for the loans you need. Greentree-Financial.com has no knowledge of or control over the loan terms offered by a lender and lending partner. Satisfied with its recipe for acquiring and improving insurance companies, Conseco stepped up its acquisition efforts in 1986. Greentree-Financial.com is not a lender or lending partner and does not make loan or credit decisions. Another cancer insurance provider, Capitol American Financial Corp., was purchased by Conseco for $696 million in March 1997. ', As detractors waited for Conseco's money machine to disintegrate in the early 1990s, Hilbert clung to his original guiding principles. We call it resilience, and everyone could use more of it. The APR depends solely on your lenders decision, based on various factors including your credit score, credit history, income, and some other information you supply in your request. 3d 187, 190 (Fla. 2d DCA 2016). Removing a Lien on a Bankrupt Financial Institution. It takes minutes to see results and enjoy your cash with a bright day. It is the combination of the nominal interest rate and some additional costs such as fees involved in obtaining a loan. The undersigned, Brian F. Corey, Corporate Secretary of Green Tree Financial Servicing Corporation, a Delaware Corporation (the "Corporation"), hereby certifies that the following Resolutions were duly approved by Written Action of the Sole Stockholder and Board of Directors of the Corporation dated September 15, 1999, pursuant to Section . CONSECO FINANCE SERVICING CORP. NORTH DAKOTA FOREIGN CORPORATION - BUSINESS: WRITE REVIEW: Address: 345 Saint Peter St 1100 Landmark Towers Saint Paul, MN 55102-1211: Registered Agent: ND Secretary Of State (N.D.C.C. Selling the home and Green Tree Financial Servicing lien still on Title GetHuman-wksaglaw's customer service issue with Green Tree Servicing from May 2020. The company focuses on servicing a portfolio of manufactured housing loans, as well as home equity, home improvement, and consumer installment loans. The total amount payable will be $2637, with a total interest of $137.48. However, if you have a valid check that has not expired, please . The corporation originates, pools, sells, and services manufactured home loans using a vehicle known in the industry as conditional sales contracts. Strength in numbers! The process is super fast and simple. To form a corporation pursuant to the Delaware General Corporation Law, the undersigned hereby certifies as Find the resources you need to understand how consumer protection law impacts your business. The company's stock decline also led to a deficit of collateral on company-guaranteed loans used by Conseco executives to purchase Conseco stock. Even if you dont have a great credit score, we may still be able to find you a loan through one of our specialist partners. 2023 greentree-financial.com All rights reserved. Hilbert could not understand why industry insiders continued to hold reservations about Conseco. Green Tree was best known, however, as the leading U.S. lender for mobile home purchases. Required fields are marked *, Are you a human or a robot? Just a month earlier, in March, it was announced that Green Tree was acquiring a portfolio of residential mortgage servicing rights consisting of about 55,500 loans from Ocwen Corp. 'We are going to stay away from food and beverage.' The St. Paul company has agreed to pay about $23 million to buy the servicing rights on $914 . OCLOCK P.M. green tree servicing llc, successor by merger walter mortgage company llc, to green tree servicing llc, fka ditech financial llc: bank of new york mellon bank of new york, fka bank of new york, trustee mid state capital corporation 2006-1 trust, for: 28-9-17: 8 : view: 0.1: pittsburg: 03/23/2016: 2016-002274: assignment of mortgage: 002229: . The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. 1-866-595-2255. 'You have to stay where your strengths are,' acknowledged Ngaire E. Cuneo, executive vice-president of corporate development, in the October 25, 1993, issue of the Indianapolis Business Journal. From Business: Call for Customer Service or Gas Emergency. IN WITNESS WHEREOF, the undersigned has executed this Certificate of Conversion as of the date first above written. Some lawyers publish comparative information regarding the services that they . SECOND: The Agreement of Merger has been approved, adopted, certified, executed and acknowledged by each of the Green Tree offers . Loan losses at Green Tree, in addition to other missteps, drove Conseco to file for bankruptcy in 2002. You are urged to read and understand the terms of any loan offered by any lender or lending partner, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. After only two years of college, however, Hilbert became restless. We save your time. If you are connected to a tribal lender, please understand that the tribal lenders rates and fees may be higher than state-licensed lenders. However, Conseco's headquarters remained in Carmel, and Hilbert planned to sustain his active management role there. To complement that holding company's subsidiaries, Security National of Indiana was established to develop and market new life insurance products and services. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. A study of the top U.S. insurers in 1991 showed that only 48 percent of their investments were fixed maturities, whereas over 50 percent were tied up in real estate and other less dependable assets. This service is not available in all states. HMDA Reporting Code Type of Purchaser - Code 7, Life Insurance Company, Credit Union, Mortgage Bank, or Finance Company . It has also divested 1 asset. (The time it takes for your money to be transferred to your account can vary and will depend on your direct lenders or banks policies and procedures). Green Tree Financial Corporation. If you borrow $2500 over a term of 1 year with an APR of 10% and a fee of 3%, you will pay $219.79 each month. Hilbert drifted into the insurance business in the 1970s. If you require any further information, please do not hesitate to contact us. In 1992, Conseco founded Conseco Capital Management, Inc. (CCM) to capitalize on its investment expertise. the Delaware General Corporation Law. Conseco claimed the acquisition was a perfect fit, as both companies served the same target market, but many industry observers were skeptical, and Conseco's stock took a plunge. In early 1993, Conseco acquired a controlling interest in MDS/Bankmark, a major marketer of annuity and mutual fund products. NEW YORK (CNNfn) - In a further sign of financial firm . Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. learn how over 7,000 companies got started! Principal Competitors: Metropolitan Life Insurance Company; New York Life Insurance Company; The Prudential Insurance Company of America. The company is in the business of life and health insurance. jacqueline e. fox, his or her heirs, devisees and personal representatives and his, hers, their, or any of their, successors in right, title and interest; ditech financial llc successor by merger to green tree servicing, llc fka conseco financial servicing corp. fka green tree financial servicing corporation; carol diamond as heir to the estate . During the years 1983 1998 Conseco was a great performer and lead the S&P 500. CERTIFICATE OF CONVERSION, Submitting your loan application through Greentree-financial.com means you should receive a decision in less than a minutes. liability of a director of the corporation shall be eliminated or limited to the fullest extent permitted by the Delaware General Corporation Law, as amended. The APR depends solely on your lender . 'This is what I love to do,' Hilbert proclaimed in the June 7, 1993, issue of the Indianapolis Business Journal. It moved that concern's headquarters from Dallas to Carmel. In addition to avoiding real estate and junk bonds, Conseco's portfolio managers steered away from other risky and trendy investment vehicles of the 1980s, particularly Guaranteed Investment Contracts. 1. 18-101, et seq,). Conseco subsequently severed its relationship with Merrill Lynch, which had handled Conseco's initial public offering. Please. The slap in the face to the Green Tree Services LLC, customer is clearly evident when after Green Tree was taken to Court in Case No.# 0-15-cv-02064, FTC v Green Tree Services LLC, which Green Tree was found in violation of a multitude of laws regarding lending practices to the tune of $63M! 1 Feb 1995. The deal was a fixed equity exchange deal where 0.9165 shares of Conseco were awarded for every share of Green Tree Financial. Speed. Industry Coverage: Financial Services; Insurance: Life & Health. Despite a few unwise choices, Conseco was recognized for its highly conservative approach to investing. as follows: FIRST: The name and jurisdiction of formation of each limited liability company to be merged (collectively, the What's somewhat baffling is we haven't missed a [earnings] number. The original CCP partnership was changed to CCP Insurance, Inc., in 1993, and began acting as a holding company for its three subsidiaries. Conseco rounded out the year with two additional purchases--Colonial Penn Group, which sold life insurance to elderly American citizens, and Washington National Corp., a provider of life and health insurance and annuities. On average, the company acquired a target every 6 months. Find new opportunities without ever leaving your home. You are urged to read and understand the terms of any loan offered by any lender or lending partner, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. The whole process is completely online. 'You have to ask the question, `Have they found a new way to make white bread? The merger is expected take place on Aug. 31. Your lender will specify their collection practices in your loan agreement. If the Delaware General Corporation Law is hereafter amended to authorize any further limitation of the liability of a director, then the APR 21 2015 CFPB and Federal Trade Commission Take Action Against. corporation shall have perpetual duration. Indeed, analysts familiar with Conseco's portfolios attested that the company's investments were much more liquid, of higher quality, and more conservative than those of most insurers. Green Tree Financial service is free of charge, and you are under no obligation to accept the terms that the lender offers you. The lenders and lending partners you are connected to will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. On June 8, 2022 the Bankruptcy Court entered an Order governing the distribution of any unclaimed borrower funds remaining in the Ditech estate. Whether you are interested in a new home, remodeling or refinancing your current home, or consolidating your credit card debt, we will work . Find locations. If approved, the money can often reach your account today, maybe next business day. CERTIFICATE OF AMENDMENT, CHANGING ITS NAME FROM GREEN TREE FINANCIAL SERVICING CORPORATION TO CONSECO FINANCE Pursuant to the requirements of the Order, The estate is no longer able to further process the return of any unclaimed borrower funds. November 08, 2005, 2:00 a.m. EST 3 Min Read. Regardless, Greentree-Financial.coms service is always free to you. Green Tree Financial is charging higher interest rates than Conseco. Florida Office R. Chris Cottone Greentree Financial Group, Inc. 1000 S. Pine Island Road, Suite 210 Plantation, FL 33324 (954) 424-2345 Office (954) 424-2230 Fax chriscottone . Save my name, email, and website in this browser cookies for the next time I comment. How can I find out if my shares are still good to collect on. Public Company Incorporated: in 1975 as Green Tree Acceptance Inc. Employees: 2,000 Revenues: $366.7 million Stock Exchanges: New York Pacific SICs: 6153 Short-term Business Credit; 6159 Miscellaneous Business Credit Institutions Get paid on the spot. liability company. Green Tree Servicing and Ditech Mortgage Corp. - merge, become ditech, a Walter company Green Tree Servicing - close . In a press release Friday, North Fork said Green Tree Servicing LLC will acquire . It's their baby.'. -Conseco Finance Servicing Corp.-GE Capital Consumer Card Co-GE Capital Retail Bank . In fact, it experienced stellar growth during 1992 and 1993. March 05, 2003. Before sharing sensitive information, make sure youre on a federal government site. All rights reserved. Green Tree Financial For more information visit our page for Responsible Lending. As consumers, we often take for granted all the hard work that goes into building a great company. Once you submit your request, get your offer, and e-sign it, youll be able to get the funds to your bank account in no time! So our focus isnt on pushing products on you, but helping you improve your options right now and make good money choices going forward. Accordingly, we reverse and remand for entry of an involuntary dismissal. As the company approached its 21st year of operations, Conseco remained confident that it could successfully attain its goals&mdash provide middle America with a wide array of financial and insurance products and services. CERTIFICATE OF FORMATION, FILED THE NINTH DAY OF JUNE, A.D. 2003, AT 1:34 OCLOCK P.M. GREEN TREE FINANCIAL business of the Surviving Entity located at 300 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota, 55102. Greentree-financial.com is not a lender and we do not check your credit standing and credit capacity. The lenders and lending partners you are connected to will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. If you cannot make a payment on time, you should contact your lenders and lending partners immediately and discuss how to handle late payments. Green Tree owned approximately 50% of the company created by the Merger & Acquisition transaction. An official website of the United States government. SERVICING CORP., FILED THE FIRST DAY OF OCTOBER, A.D. 1999, AT 2OCLOCK P.M. AND I DO HEREBY FURTHER CERTIFY THAT However, due to the strategic planning failure, investing in this kind of technology and market caused Motorola to lose millions. Get the funds you need without leaving the comfort of your own home from online. See Corrigan v. Bank of Am., N.A., 189 So. STAMFORD, Conn.-- (BUSINESS WIRE)--March 5, 2003--GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE: GE), today announced it plans to acquire Conseco Finance Corp.'s sales finance unit with a bid valued at $310 million. Green Tree Servicing LLC, and the name of the limited liability company being merged into this surviving limited liability company is Walter Mortgage Copy of original HUD-1 statement and Promissory Note. Delaware General Corporation Law, and that such Resolutions have not been subsequently modified or rescinded: BE IT RESOLVED, that As Conseco increased its value and expanded its asset base, suspicions about its performance began to wane in 1993 and 1994. Text. THIRD: The name of the surviving limited liability company is Green Tree Servicing LLC. Conseco, Inc. provides insurance, investment, and lending services to more than 12 million customers. The venture failed. 4. You will likely receive an offer from one of our trusted direct lenders. In fact, in October 1993 Hilbert formed Conseco Entertainment Inc., a holding company for Conseco's future entertainment investments. Annual Percentage Rate (APR) for Green Tree Financial represents the annualized interest rate that you are charged for borrowing. CERTIFICATE OF MERGER, FILED THE NINETEENTH DAY OF DECEMBER, A.D. 2011, AT 2:15 OCLOCK P.M. AND I DO HEREBY FURTHER CERTIFY THAT THE EFFECTIVE DATE OF THE AFORESAID CERTIFICATE OF MERGER IS THE FIRST DAY OF JANUARY, A.D. 2012. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. The company then purchased Lincoln American Life Insurance Co. early in 1985 for $25 million. Consecos insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than 4 million customers in the United States. This business has 0 complaints. caused this certificate to be signed by an authorized person, the16th day of December, A.D., 2011. SIXTH: A copy of the Agreement of Merger will be furnished by the surviving limited liability company on request, Today, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) ordered Green Tree Servicing to pay $48 million in borrower restitution along with a $15 million fine to the CFPB's Civil Penalty Fund. It also agreed to commit $5 million in 1993 to Rick Galles Racing, an Indy Car racing team in which Conseco owned a 33 percent share. exhibit A which approved the merger, on January1,1995, into Green Tree Financial Servicing Corporation of certain of its wholly-owned subsidiary corporations as indicated in said resolution. caused this consent to be executed by its President this 6th day of June, 2003. 1. Business Profile for Green Tree Financial Corporation. We have anonline applicationso you can get approved from practically anywhere. With Greentree-financial.com you can accelerate the lending process, and receive the funding you need in as little as one business day. Consulting Firm: Boston Consulting Group (BCG) 2nd round job interview. Almost everything can be completed online - from completing your application to signing your credit agreement. Constituent Entities) are as follows: SECOND: An Agreement and Plan of Merger, dated as of November20, 2012 (the Merger FIFTH: The Agreement of Merger is on file at 345 St. Peter Street, St. Paul, MN 55102, the place of business of the surviving limited Secretary of the Corporation is hereby directed to make and execute a Certificate of Ownership and Merger setting forth a copy of the resolutions to merge said Merging Subsidiaries into the Corporation and assume their liabilities and obligations, CERTIFICATE OF MERGER, FILED THE THIRD DAY OF DECEMBER, A.D. 2012, AT 12:46 OCLOCK P.M. AND I DO HEREBY FURTHER CERTIFY THAT THE AFORESAID CERTIFICATES ARE THE ONLY CERTIFICATES ON RECORD OF THE AFORESAID LIMITED LIABILITY Because Conseco's performance contrasted so sharply with that of most of its competitors in the early 1990s, many analysts were skeptical. He slashed the aggregate workforce of the five companies he had purchased between 1985 and 1989, for example, from 850 to 450 by 1993. Certificate of Conversion of CONSECO FINANCE SERVICING CORP., dated and effective as of June9, 2003, is being duly executed and filed by the undersigned, as an authorized person, to convert a corporation to a limited liability company under DT Holdings, Ditech's parent company, is a subsidiary of Walter Investment Management. omissions not in good faith or which involve intentional misconduct or a knowing violation of law; (c)for the unlawful payment of dividends or unlawful stock repurchases under Section174 of the Delaware General Corporation Law; or The name of the corporation is Conseco Finance Servicing Corp. 2. Principal Subsidiaries: Bankers Life and Casualty Company; Conseco Annuity Assurance Company; Conseco Direct Life Insurance Company; Conseco Health Insurance Company; Conseco Life Insurance Company; Conseco Life Insurance Company of New York; Conseco Medical Insurance Company; Conseco Risk Management, Inc.; Conseco Senior Health Insurance Company; Manhattan National Life Insurance Company; Pioneer Life Insurance Company; United Presidential Life Insurance Company; Washington National Insurance Company; Conseco Capital Management, Inc.; Conseco Variable Insurance Company; Conseco Fund Group; Conseco Finance Corp. WALTER MORTGAGE COMPANY, LLC . Servicing Corporation, all outstanding shares of each class and series of stock of the Merging Subsidiaries shall be canceled on January1,1995, and no shares of Green Tree Financial Servicing Corporation shall be issued in lieu thereof. I, JEFFREY W. BULLOCK, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED ARE TRUE But my net worth's in Conseco. The company, after 20 years in business, had grown tremendously--Conseco's total managed financial assets expanded from $8.2 billion in 1988 to $87.2 billion a decade later. Stipulated Order for Permanent Injunction and Monetary Judgment (464.87 KB) PRESS RELEASE: National Mortgage Servicing Company Will Pay $63 Million to Settle FTC, CFPB Charges . To learn more about this transition from . For more information, please contact the lender directly if you have any issues relating to your loan repayment. St. James Press, 2000. Case Type: mergers & acquisitions; investment. 1992: Company establishes Conseco Capital Management, Inc. 1998: Conseco acquires Green Tree Financial Corporation and expands into the financial services sector. There may be huge cultural mismatch occurred between the 2 organization and due to this full synergy could not be obtained & Green business growth prospect could not achieved which impacted the business of Conseco also and ultimately company could not avoid chapter 11 bankruptcy. The original name of the corporation as set forth in its original Certificate of Incorporation is Green Tree Financial Servicing Corp. 3. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Throughout the 1980s Wall Street perceived Conseco as young and inexperienced. This was 5 months ago!!! 'This (criticism) goes back to instinct and gut feeling, and no hard facts,' said money manager Martin Lizt in a January 1993 issue of Financial World. FIRST. Over the next two years Conseco continued to gobble up insurance companies--it acquired eight in 1996 and 1997. Critics charged that Conseco's amazing asset growth was largely the result of questionable accounting techniques. FURTHER RESOLVED, there being upon the effective date of the merger no other shareholders besides Green Tree Financial You are urged to read and understand the terms of any loan offered by any lenders and lending partners and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. By slashing the fat and inefficiency out of his new purchase, Hilbert was able to return the ailing insurer to profitability after only one year. 2. The merger is expected take place on Aug. 31. The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) took action against Green Tree Servicing, LLC, for mistreating mortgage borrowers who were trying to save their homes from foreclosure. Since Green Tree Financial is not involved in the lending process, we can not deliver any specifics about the APR you will be offered. We have made upgrades to our home and requested, per their instructions, that an appraisal be made (at our expense) to have the PMI removed. Easy online process. Entering the mid-1990s, Conseco was poised for continued growth. The address of its registered office in the State of Delaware is 1209 Orange Street, City of Wilmington, County of New Castle, Hilbert, now with a few successful acquisitions under his belt, took Conseco public in 1985 in an effort to boost its investment capital. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. As Conseco headed into 1998, the company had a number of accomplishments under its belt. Although it increased the value of its holdings to more than $4 billion in 1988, Conseco was able to reduce its workforce by almost ten percent. I hate where our stock price is, but I cannot control the market. Walter Investment says it expects to realize significant cost savings by combining the two companies' operations. Loan fees and interest rates are determined solely by the lender or lending partner based on the lenders or lending partners internal policies, underwriting criteria and applicable law. In addition to its insurance and financial management divisions, which accounted for more than 85 percent of Conseco's operations in 1993, the company was broadening its scope to include some nontraditional ventures. All rights reserved. Conseco Risk Management acquired Wells & Company, which offered casualty and property insurance products. Hilbert had an unusual background for a chairman of a major financial institution. Falling stock prices did not completely hinder Conseco, and in 1999 Conseco acquired three health insurance marketing companies with plans to form a new subsidiary dedicated to supplemental health insurance distribution. GREEN TREE SERVICING LLC specializes in: Mortgage Bankers and Loan Correspondents. 1400 Turbine Dr # 200. The company also acquired additional shares of Bankers Life Holding Corp., a holding company for Bankers Life and Casualty, upping its stake to 81 percent in 1995. Not sure if you can do it this way, but without even before consideringt the poor performance of green tree, the stock should drop anyway: Since around 50% of the new company is owned by green tree, lets assume the new holders have the same number of shares.
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