Is Conseco Finance still in business?
After four years of heavy losses and deep debt, Conseco, Inc. filed chapter 11 bankruptcy Tuesday night, and its finance unit has entered an agreement to sell its assets, according to federal court documents.
Who took over Conseco Finance?
GE Consumer Finance Reaches Deal to Acquire Conseco Finance Corp.’s Sales Finance Unit. STAMFORD, Conn.
Who bought Conseco mortgage?
The auction for former Green Tree Financial in St. Paul, held Tuesday in Chicago, resulted in a Wednesday morning deal, according to news reports. CFN Investment Holdings will pay $700 million cash for most of Conseco Finance and will assume about $200 million in Conseco Finance liabilities.
What happened to Conseco?
Conseco (though not its subsidiary insurance companies) entered Chapter 11 reorganization in 2002 and emerged nine months later in 2003. Conseco’s bankruptcy was the third-largest U.S. Chapter 11 filing at the time, after the bankruptcies of WorldCom Inc. and Enron.
What is Conseco called now?
But what does the company do? Gainbridge is the latest name to grace the home of the Indiana Pacers and Fever. First known as Conseco Fieldhouse, and more recently as Bankers Life, Indianapolis-headquartered company Gainbridge took naming rights of the basketball, concert and event venue, officials announced Monday.
What is Conseco finance?
Conseco Financial Corporation is a diversified financial services company. The Company serves customers in the consumer finance, commercial finance, and insurance markets. Conseco operates through locations across the United States.
Who did Green Tree Financial merge with?
Conseco Inc., a major provider of life and health insurance, agreed to acquire Green Tree Financial Corp., a subprime-market lender best known for financing mobile-home purchases, in a stock swap valued at $45.02 a share, or about $6.44 billion.
Who acquired Conseco?
Wilton Re Completes Acquisition of Conseco Life Insurance Company from CNO Financial. (Wilton, Connecticut) – Today, Wilton Re completed the acquisition of Conseco Life Insurance Company (“CLIC”) from CNO Financial Group (“CNO”).
What does the company Gainbridge do?
Gainbridge is a self-managed innovative digital platform providing you with direct access to trusted annuity products to smartly grow your savings over time.
Who owned Conseco?
New York Times subscribers* enjoy full access to TimesMachine—view over 150 years of New York Times journalism, as it originally appeared. *Does not include Crossword-only or Cooking-only subscribers. SAY this for Stephen C. Hilbert, the master salesman who built Conseco Inc.
Is Green Tree Financial still in business?
By the end of August, Green Tree will be no more. But the company is not closing. In fact, Green Tree’s parent company, Walter Investment Management Corp. (WAC), is merging Green Tree with another of Walter Investment’s well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company.
What happened to Green Tree Servicing LLC?
On August 31, 2015, Green Tree Servicing became ditech, a Walter company. To learn more about this transition from Green Tree to ditech, please visit www.ditech.com.
When was Gainbridge founded?
Gainbridge is an online annuity and life insurance agency that sells a deferred annuity and an immediate annuity. The company was founded in 2019.
Is Gainbridge FDIC insured?
Are Gainbridge annuities insured? Deferred and immediate fixed annuities are insurance products with no FDIC deposit insurance. Gainbridge sells products issued by Guggenheim Life and Annuity, which has a B++ (good) financial strength rating from AM Best.
What does Conseco mean?
I lop or cut off, prune.
Who bought out Green Tree Financial?
Conseco Inc.
Conseco Inc., a major provider of life and health insurance, agreed to acquire Green Tree Financial Corp., a subprime-market lender best known for financing mobile-home purchases, in a stock swap valued at $45.02 a share, or about $6.44 billion.
Who bought Green Tree Servicing?
Walter Investment Management Corp.
But the company is not closing. In fact, Green Tree’s parent company, Walter Investment Management Corp. (WAC), is merging Green Tree with another of Walter Investment’s well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company.
Who bought Green Tree Servicing LLC?
But the company is not closing. In fact, Green Tree’s parent company, Walter Investment Management Corp. (WAC), is merging Green Tree with another of Walter Investment’s well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company.
Who bought out Green Tree Servicing?
What kind of company is Gainbridge?
Who owns Gainbridge life?
Group 1001 Insurance Holdings, LLC
Gainbridge Insurance Agency, LLC, a Delaware limited liability company (“Gainbridge”), is a digital insurance agency platform and wholly-owned subsidiary of Group 1001 Insurance Holdings, LLC (“Group 1001”).
Who owns Ditech now?
Ditech Holding CorporationDitech / Parent organization
Is Green Tree Servicing LLC still in business?
What is Gainbridge financial?
Gainbridge is a digital platform helping people protect their savings with guaranteed rates and tax-deferred growth.
How do I contact Ditech Financial?
(800) 700-9212Ditech / Customer service