Notes: July 25, 2007/ -- ECC Capital Corporation (OTC:ECRO.PK), a mortgage finance real estate investment trust (REIT) that invests in residential mortgage loans, today announced that it intends to file a Form 15 with the U.S. Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934 on or about July 30, 2007. ECC Capital is eligible to deregister because it has fewer than 300 holders of record of its common stock. Upon filing the Form 15, ECC Capital’s obligation to file certain reports with the SEC, including Forms 10-K, 10-Q, and 8-K, will immediately be suspended. ECC Capital expects that deregistration of its common stock will become effective 90 days after the date of filing of the Form 15 with the SEC. While no longer required by the SEC after deregistering, ECC Capital presently intends to provide quarterly and annual information regarding its performance to shareholders by posting information on its website (www.ecccapital.com) at least through the remainder of calendar year 2007. ECC Capital’s common stock is currently quoted on the Pink Sheets under the symbol “ECRO.PK”, however, after deregistering ECC Capital can provide no assurance that its common stock will continue to be quoted on the Pink Sheets.