UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Date of Report (Date of Earliest Event Reported): | | January 12, 2006 |
ECC Capital Corporation
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(Exact name of registrant as specified in its charter)
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| Maryland | 001-32430 | 841642470 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 1833 Alton Parkway, Irvine, California | | 92606 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | (949) 856-8300 |
Not Applicable
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Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On January 12, 2006, Encore Credit Corp., a direct wholly owned subsidiary of the registrant, Bravo Credit Corporation, an indirect wholly owned subsidiary of the registrant, and the registrant entered into Amendment No. 7 to Master Repurchase Agreement with Credit Suisse First Boston Mortgage Capital LLC ("Amendment No. 7"). The purpose of Amendment No. 7 was to extend the Increased Aggregate Purchase Price of $950 million from January 13, 2006 through but not including April 13, 2006, the Temporary Increase Period, and to increase the Maximum Committed Purchase Price from $300 million to $500 million. Amendment No. 7 is filed as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No.
10.1 Amendment No. 7 to Master Repurchase Agreement, dated as of January 12, 2006, by and among Encore Credit Corp., ECC Capital Corporation, Bravo Credit Corporation and Credit Suisse First Boston Mortgage Capital LLC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | ECC Capital Corporation |
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| January 19, 2006 | | By: | | Shahid S. Asghar
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| | | | | Name: Shahid S. Asghar |
| | | | | Title: President & Co-Chief Executive Officer |
Exhibit Index
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| Exhibit No. | | Description |
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10.1 | | Amendment No. 7 to Master Repurchase Agreement, dated as of January 12, 2006, by and among Encore Credit Corp., ECC Capital Corporation, Bravo Credit Corporation and Credit Suisse First Boston Mortgage Capital LLC. |
