Industry News

Bear Stearns completes purchase of subprime lender

Encore Credit will operate as division of Bear Stearns Residential
Published on Feb 12, 2007

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by CareyBot

Bear Stearns Companies Inc. has gone from being a creditor of subprime lender Encore Credit Corp. to owning it.  Bear Stearns announced today it has completed its purchase of ECC Capital Corp.’s subprime lending platform, which it will continue to ...