Irvine, Calif.-based ECC Capital Corp. has filed with the Securities and Exchange Commission for its initial public offering as a real estate investment trust (REIT).

ECC was formed in April for the purpose of building and managing a portfolio of high-yielding nonconforming residential mortgages. The company will acquire Encore Credit Corp., a national mortgage company that originates nonconforming residential loans, concurrently with the closing of this offering. Prior to its being acquired by ECC, Encore's strategy was to originate and sell in the whole-loan market.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.