Skip to main content

CCMC partners with Peak Performance Resources

Mar 07, 2007

Bear Stearns completes acquisition of ECC Capital sub-prime unitMortgagePress.comSub-prime lending The Bear Stearns Companies Inc. has completed its purchase of ECC Capital Corporation's sub-prime mortgage banking platform for approximately $26 million. Bear Stearns announced the agreement to purchase the principal assets of the sub-prime mortgage origination platform of ECC Capital Corporation's subsidiary, Encore Credit Corporation, in October 2006. Encore Credit will retain its brand name and operate as a separate division of the firm's mortgage bank subsidiary, Bear Stearns Residential Mortgage Corporation. The Bear Stearns Companies Inc. is a financial services firm based in New York. For more information, call (212) 272-2000 or visit ECC Capital Corporation is a mortgage real estate investment trust based in Irvine, Calif. For more information, call (866) 338-8749 or visit
About the author
Mar 07, 2007
CMG Acquires Norcom Mortgage's Retail Side

The 25-branch addition will enhance CMG’s northeastern presence from Maryland to Maine.

Apr 12, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

NEXA Begins Search For New CFO

NEXA CEO retires the president position after Mat Grella's termination.

Apr 01, 2024
Recessions: Know What’s What

Volatile components present few indications about subsequent growth

Mar 28, 2024
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024