ECC Capital Corporation
Irvine, CA United States
(Pink Sheets: ECRO)

Company Description

ECC Capital refused to conform -- to credit scoring criteria. The real estate investment trust (REIT) was formed to invest in non-conforming residential real estate loans. In the height of the subprime mortgage crisis, the REIT's revenues plummeted and ECC Capital was forced to close offices, reduce its workforce, and sell assets. In 2007 it sold wholesale mortgage banking arm Encore Credit to Bear Stearns; it also sold its portfolio of direct-to-consumer loans to ResCap. The REIT is seeking a buyer for the rest of its securitized assets. Subsidiary Performance Credit was formerly engaged in the origination of wholesale loans but now provides financing to ECC Capital's clients.

1733 Alton Pkwy.	Phone: 949-955-8700
Irvine, CA 92606	Fax: 866-405-6836	Map This Company
United States

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ECC Capital Corporation Rankings

Executives

7 executives listed for ECC Capital Corporation's Irvine, CA location.
Chairman and CEO	Steven Holder	E-mail
President and CFO	Roque Santi	E-mail
EVP and Chief Administrative Officer	LarryMoretti	E-mail

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Financials

Company Type	Public - Pink Sheets: ECRO Headquarters
Fiscal Year-End	December
Employees	800

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ECC Capital CorporationIrvine, CA United States (Pink Sheets: ECRO)