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Home » ECC Becomes Latest B&C Lender On the Sales Block
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ECC Becomes Latest B&C Lender On the Sales Block

August 18, 2006
A California-based real estate investment trust, ECC Capital Corp., may be hanging up the “for sale” sign as it struggles to overcome losses fueled by a mounting number of repurchase requests. In its second-quarter earnings statement, ECC reported that it has formed a special committee, made up of its four independent directors, charged with re-viewing “potential strategic alternatives “to enhance shareholder value.” The committee is working with consulting firm Friedman...
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