ECC Capital Corporation
ECC Capital Corporation operates as a real estate investment trust (REIT), with its core business involving investments in residential mortgage loans throughout the United States. The company holds and actively oversees interests in securitization trusts, which are responsible for issuing securities backed by residential real estate mortgages. For federal income tax purposes, it meets the criteria to be classified as a REIT. This designation allows ECC Capital Corporation to largely avoid federal income tax liabilities, contingent on distributing a minimum of 90% of its taxable income to its shareholders. The firm, established in 2004, maintains its headquarters in Corona Del Mar, California.