What's in your wallet? Pink slips from Capital One.

The initiative includes actions already taken during the second quarter of 2007 in the company’s testking ccna US Card, Mortgage Banking, and UK businesses, as well as savings associated with cost synergies from the acquisition of North Fork Bank. Many of the planned actions leverage the capabilities testking pmp of recently completed infrastructure projects in several of the company’s businesses. The scope and timing of the expected cost reductions are the result of an ongoing, testking a+ comprehensive review of operations within and across the company’s businesses, testking ccnp which began several months ago.

Seminars to conference are always important. It can add huge amount of knowledge to you personally.
team building consulting

UPDATE: The parties reached a settlement on December 4, 2008 regarding this matter. The settlement must be approved by the Court. For those people who have already opted-in, you will receive a letter detailing the terms of settlement within the next week or so. For those who have NOT opted-into this case, you will received a court approved mailing within the next couple of months providing the details of the settlement and giving you an opportunity to complete a form and participate in the settlement. Therefore, you DO NOT need to contact our office to join this matter in order to participate in the settlement. Explaining the settlement in full is not possible on the website, so please wait for the information that will forthcoming in the mail. Due to the number of members in the class, we would ask that you do not contact our office regarding this settlement with questions until after you receive your mailing. The mailing should answer most of your questions.

UPDATE: A settlement conference (mediation) has been set for December 4, 2008. Capital One Home Loans' recent decision to close its doors will not affect this mediation date.

Any mortgagee client that did a triple should sue Capital One…they would probably settle rather than have the bad publicity of tricking the system/lenders who bought the loans. It might be an easy class-action suite.

to infinty and beyond!!

I will fight Jim Richmond any time any place. It's on...

Karen Dent

As the place goes down . . . we have crazy, crazy Monday planned. Wear your jeans and favorite football jersey. Don't forget about the chili cookoff for prizes. The rumors are already flying of laxatives in the chili for the upper mgmt's enjoyment. Funny, but shouldn't we grow up at some point? I would like "clean food" thank you.

Please share what ever it is you are smoking and why don't you tell Richmond to his face how you feel. Yeah I didn't think so. You must of been one of the seniors.

I noticed that your comment was anonymous as well. Are you stupid enough to think that is the reason it went down?

It seems to be that everyone is pretty bold hiding and being anonymous, nothing has changed with anyone there.

Are you still around??

Where is the company Christmas party this year?

1. Chasity Somerville
2. Lea Koenan
3. Tina Triemert
4. Aimee Kroll
5. Charla
6. Erica McBee
7. Kandi Mullen
8. Karen Wilson
9. Michelle Barber
10. Jim Richmond

I was thinking that Bohde was flagging since it's been pretty quiet on that front. But maybe he's too busy trying to re-align himself as he does every so often.

Greg Feese did you use this word quite a bit

Dude,

I think it's cool you were able to do that loan for your parents. But why did you go out on a date with your sister? Thats gross......

People,
In my opinion you do not need to blame Lance or Jay for the downfall of Capital One. Whether you like them or hate them, you have to respect the fact that they built an organization that made us all a lot of money. The bottom line is that when they were running the place we were all successful and were paid very well...maybe too well!! The blame needs to be placed on the management that took over. You can thank individuals like Mr. Bohde and Mr. McKim and their little puppets like "4 popped collar Anderson".

On a home purchased for $120K and financed at $120K, if the AVM came in at $150K ($30K higher), I would have been able to do a $60K RFC 125 loan. Maybe I'm wrong, or maybe you should not have assumed that I was a pup they stashed on the 2nd floor. I am Queens Boulevard, weakling. I will agree with you on one point...old school management made that place everything it was. The Jay I knew, and the McKim I knew made that company a lot of money by getting deals done.

This loan must have been for your parents and you married your sister. In this example of a first at 100% and an increase of AVM of only 30k? How can you possibly get to 150% ltv? Unless the original value/loan amount was $40,000 (could not do). Your increase of 30k took it to 70k. So they borrowered 17,500 (which you could not do) and made total outstanding loan of 57,500/40,000 = 150%.
You must have been a monkey on the 2nd floor closing under 40k/month.
For the people ragging on the old school mgmt, you will never make anything of yourself because you aren't greatful of the chance you were offered to work there. You probably won't make 40% of what you did/could have made. Ripping on the current mgmt is a different story in my eyes.

Once was able to do a 125 equity loan for someone who was 3 months in the home, and an AVM pulled about $30K higher than what they bought it for. I was able to lend to 125% of that stretched value, hence the 150% special. Do I feel bad about it? No. They saved $550 per month and wanted me to marry their daughter.

The 107% first mortgage followed by the sweet aroma of the RFC 125% second...bring this bad boy back!! Long live the Grave Digger!!! If you have this loan right now, give up - the GD takes no prisoners...

From: Dobbins, Michael
Sent: Friday, April 25, 2008 9:10 AM
To: Loan Officers
Cc: Wilt, Steve
Subject: Crazy, crazy Friday

O.K. – here’s the deal. My time as sales manager is nearing an end – Kim will resume her day to day in less than 2 weeks (she’s just getting over stipulitus). Steve and I would like to demonstrate our skills as sales managers by showing the best Friday, Saturday, Sunday and then Monday to Wednesday of the year.

To that end – we’re declaring today “crazy, crazy” Friday. We will have boxes of things to give away (maybe even more chairs from key executives). So, starting this very minute if you want in, here are the things you need to do a lot of:

Submit

Pull Credit

Make Outbound Calls to Leads

Take Inbound Sales Calls and Convert to Leads (prefer with credit pull)

Or do any other things that will reflect “BIG” efforts.

Throughout the day – the Steve and Mike patrol will be out to award fabulous prizes. Then on Monday, we’ll award in the morning prizes for best overall weekend effort and on Monday, in the morning, Steve will announce the “mother of all prizes” for a Monday – Wednesday Sprint (I’m almost giddy – it will be so cool according to Steve. In fact, he was recently quoted as saying “If I have to, I’ll just give it all away.”

Have fun, sell hard and let’s get to 5/1 in style.

Michael Dobbins
President

(888) 718-4488 x(7139)
Fax: (888) 537-4360

michael.dobbins@capitalonehomeloans.com

To Steve Wilt, time to log out.

INTERESTING?!

You call out all of these people by name, and don't even have the stones to identify yourselves?? No wonder your company went under - sounds like way too many self-serving losers were working there!

F5 F5 F5 F5F5 F5F5 F5F5 F5F5 F5F5 F5F5 F5

Anybody want to guess how many Sr Managers and Managers go into bankruptcy and/or foreclosure in 2009 from COHL?

Rumors say some already have.

Who ever saw a successful, serious company run by senior/sales management who wore football jerseys, tennis shoes, untucked shirts and sandals to work during the work week? Obviously this is not the reason why our company closed but it shows the fundamentals of those most recently in charge. Anyone remember a recent month-end when senior management was hula-hooping on the sales floor while some of us were fighting to close loans and get a paycheck?

did anyone ever find out who took Piggy?

Good morning Gorgeous. I hope this day is special for you. Lunch is on me next week.

T. Scott, M. Monk, P. Grey, K. Laasard, S. Hutto and every one underneath him (great job with new investors by the way Steve), and how many other high salaries Cap One dished out were the problem. What a waste of money.

Bohde and McKim should be asked for a refund for what ever they were paid.

Poop- talk about a distant early warning to run for the hills. He was a complete clown. He'll now most likely get appointed to the Federal Reserve Board.

Whoever is posting the negative BS needs to grow up...it was the best place to work with the highest income 90% of us will ever make...The local upper management had nothing to do with us closing...it was some analyst in VA noticing that our model was not working any longer and Capital One was losing their ass in mortgages!

Now face it...find a job and thank God you work for a company that is paying you while you look for one...and start your new chapter in your life.

It was a great ride!!! God bless

Have I ever lied to you?

Is the sky falling?

every time I drive to work and I see that Capital One sign, I start to tear up.

do you see the size of that shark?

its crazy, crazy friday and we'll give someone a lava lamp and some soda if they submit the most files today.

does anyone who worked there not remember Mike Azevedo(head of Banking Operations) coming to town in late May/early June for a town hall meeting in which he mentioned twice, maybe three times that he was going to shut the place down?

There's a saying,"if it ain't broke, don't fix it" well, Cap 1 managed to break it in roughly 5-6 months with people like Crazy, Crazy Dobbins and a complete tool named Bohde with his genius scorecard to micro manage people.

how fitting that Mark Ralph got fired a week before this announcement as well.
how is the man with two first names handling hopefully the sexual harrasment case against him?

We got a decent comp plan and the lawsuit will pay out right at the right time. The people who put in their time and effort will get paid.

The loan officers recently hired-good luck. Most of them were talentless hacks.

First they bring in D bag Dobbins who has zero mortgage experience and leads us no where. He takes off out of the blue and next Kim comes in and promotes 2 directors that no one on the company liked or respected in Bohde and McKim.

I can't think of 2 more worthless managers. Can any body tell me some thing productive they did while being directors?

This place could have lasted with better leadership and not wasting so much money on meaningless positions brought in over the last 6 months.

I can't say that I seriously think any of the outside management had any idea of what business they were actually in.... Basically just had catered lunches in conference rooms making flow charts with circles connecting to rectangles by lines...??? Meanwhile the master decision to only hire 2 FHA underwriters to underwrite thousands of loans in the current pipelines -- taking nearly three months to even close at that rate - somehow was not noticed at all?? Was it because it wasn't connected to a circle drawn on a marker board??

Although you have to give them credit - anyone who flew in to address us or the current management gave us fair warning - literally stating each time they had a meeting with us that they had no experience in the mortgage business...

How on earth could that not have worked??

Amazingly, even with no experience in the mortgage business, they still had the nerve to ask employees to work 12 hour days, weekends and produce 8-15 loans per month - all for $2K per month (gross)....and when complaints came up that LO's couldn't live on that - they were told to work harder....

Who wouldn't want that job??

Good Times, Capital One! DING!

Placing blame will not help change reality. The run is over...matter of fact, it was over a long time ago because of the industry, PERIOD. We had a great business model and execution was always above industry norm.

Just wanted to post a Positive comment. Although I left several months ago, I left a group of people that had more talent and energy that I had ever had the pleasure to work with. It was an honor to be associated with all of you.

I know I will be hard pressed to find a company with the environment we were fortunate to be a part of. Good luck in the future.

I know there is a lot of talk about our sucktastic management (Which I am in agreement with), but I was on Miller's team and he actually did a really good job! They should have had him run this place and I think we all might still have jobs!

I love that all the people on here that are slamming Lance and the Esmart days were the same people interviewing for the job and leaving the building without an application. Get a life.

who are you kidding, I was high every day I worked there.

QUITTER!

this is pay back. you know how many of us lived out of our means? all of us. did we really think this would last? no. I'll never make that mistake again. looks like I picked the wrong week to stop smoking weed.

About that Hummer....was it a red one with a f(*&()%^ behind the wheel? Perhaps his blood pressure will calm down now that he isn't in such a law breaking, stop sign ignoring rush to get to his cube farm to fleece the flock.

Is anyone else sitting here hitting the refresh button as much as I am?

What will Tanner's do without the support from Cap One? Do they take food stamps there?

poop.

We are an 8 year old internet based lender located in South Creek. We're a member of the LendingTree network and looking to add 3 results driven LO's.

We have a very good business model with experienced and professional management.

Email resume to hr@chlend.com