Green Tree mortgage servicer accused of abusing customers with profanity, name-calling, inflated payments and lies

April 21, 2015 8:03 PM

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CLEVELAND, Ohio -- A national mortgage servicing firm accused of abusing homeowners behind on their mortgages by swearing at them, calling them names, mocking their illnesses and threatening them with prison will pay out more than $60 million.

Green Tree Servicing of Minnesota will pay $48 million in restitution and $15 million in civil penalties to settle the charges of illegal loan servicing and debt collection practices. The Federal Trade Commission and Consumer Financial Protection Bureau allege the company has spent the years since t...

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