ECC Capital Corporation · Irvine, CA United States ·(Pink Sheets: ECRO)
Company Description
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This link will open in a new window ECC Capital refused to conform -- to credit scoring criteria. The real estate investment trust (REIT) originates and purchases non-conforming residential real estate loans. Subsidiary Performance Credit, which used to act as a wholesale originator of nonconforming loans, now provides financing to ECC Capital's clients. The company is licensed in California, Georgia, Illinois, Massachusetts, Minnesota, Mississippi, and New Hampshire. In 2007 ECC Capital sold its wholesale mortgage banking subsidiary Encore Credit to Bear Stearns . Concurrent with that transaction, the REIT also sold its portfolio of direct-to-consumer loans to ResCap . It is now seeking a buyer for the remainder of its securitized assets. To read the full description, subscribe now.
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Key ECC Capital Corporation Financials
| Company Type | Public - Pink Sheets: ECRO Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | -$2.7 |
| Employees | 800 |
ECC Capital Corporation Executives
6 executives listed for ECC Capital Corporation's Irvine, CA location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Steven Holder | Network |
| President and CFO | Roque Santi | Network |
| EVP and Chief Administrative Officer | Larry Moretti | Network |
Competition
Competitive Landscape for ECC Capital Corporation
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top ECC Capital Corporation Competitors
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