| ECC Capital Corporation Announces Q3 2005 Earnings Release and Conference Call |
IRVINE, Calif., Oct. 19 /PRNewswire-FirstCall/ -- ECC Capital Corporation (NYSE: ECR), a mortgage finance real estate investment trust that originates and invests in residential mortgage loans, today announced plans to release its financial results for the quarter ended September 30, 2005 after the close of the market on Thursday, November 10, 2005. In conjunction with the earnings release, management will host a conference call immediately following the release on Thursday, November 10, 2005 at 5:00 p.m. Eastern (2:00 p.m. Pacific). Interested participants and investors may access the conference call by dialing 800-240-4186 (domestic) or 303-262-2137 (international). There will also be a live webcast of the call available at the Investor Relations section of ECC Capital's web site at www.ecccapital.com. Web participants are encouraged to go to the web site at least 15 minutes prior to the start of the call to register, download and install any necessary audio software. ECC Capital's President and Co-Chief Executive Officer Shabi Asghar, Chief Financial Officer Roque Santi and Executive Vice President of Capital Markets and Secondary Marketing John Kohler will be present to discuss ECC Capital's financial results, business highlights and outlook. After the live webcast, a replay will remain available in the Investor Relations section of ECC Capital's web site. A replay of the call will be available at 800-405-2236 (domestic) or 303-590-3000 (international) through November 17, 2005; the pass code is 11042395. About ECC Capital Corporation ECC Capital Corporation, headquartered in Irvine, Calif., is a mortgage finance real estate investment trust (REIT) that originates and invests in residential mortgage loans. Through its wholesale and retail subsidiaries, ECC Capital offers a series of mortgage products to borrowers, with a particular emphasis on "nonconforming" borrowers who generally do not satisfy the credit, collateral, documentation or other standards required by conventional mortgage lenders and loan buyers. ECC Capital is structured to qualify as a REIT by managing a portfolio of nonconforming loans it originates or acquires. As a REIT, ECC Capital's principal business objective is to generate net income for distribution to stockholders from the spread between the interest income on its assets in its portfolio and the costs of capital to finance its acquisition of these assets.
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SOURCE ECC Capital Corporation |