Green Tree Financial Corp. has fired about one-quarter of its home improvement account executives in what company officials say is a prelude to expanding the division.

The move raised eyebrows in the industry and prompted speculation that the St. Paul-based company could be leaving the home improvement business. Though acknowledging that it fired 25 of 90 account executives in the division, Green Tree says it has a long-term plan to increase staffing.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.