Carrington Holding Company Names Christopher Whalen to Head Investment Banking Operations for Carrington Investment Services

Mon Dec 17, 2012 4:30pm EST

* Reuters is not responsible for the content in this press release.

  SANTA ANA, CA, Dec 17 (Marketwire) -- 
Carrington Holding Company, LLC (Carrington) today announced that
well-known banking industry veteran Christopher Whalen will head its
investment banking operations as Executive Vice President, Managing
Director for Carrington Investment Services, LLC. In his new position
Whalen will be focused on fundraising as well as developing and marketing
new products for Carrington's various business units.

    Whalen was previously senior managing director at Tangent Capital
Partners in New York. He is co-founder and vice chairman of the board of
Institutional Risk Analytics, the Torrance, Calif. based provider of bank
ratings and custom analytics, author of the 2010 book "Inflated: How
Money and Debt Built the American Dream," and a regular contributor to
publications such as Housing Wire, American Banker, The Institutional
Risk Analyst and Zero Hedge. He has appeared before Congress, the
Securities and Exchange Commission and Federal Deposit Insurance
Corporation on a range of financial, economic and political issues. 

    "For the past several years, I have focused on the housing sector and the
evolution of the non-bank servicing and lending segment," said Whalen.
"With commercial banks exiting the wholesale real estate lending and
servicing business, there is an enormous opportunity and challenge for
non-bank servicing and lending institutions. I am excited to be joining
one of the best managed and fastest growing integrated service providers
in the mortgage industry." 

    "We are thrilled to welcome Christopher Whalen to Carrington, where I'm
confident his expertise in banking and regulatory affairs will be
instrumental in growing the company's influence and leadership in the
institutional mortgage and real estate markets and assist our expansion
in other investment strategies," said Carrington Holding Company Founder
and Chief Executive Officer Bruce Rose.

    About Carrington Holding Company 
 Carrington Holding Company owns and
operates multiple businesses that cover virtually every aspect of single
family residential real estate transactions -- investments in U.S. real
estate and mortgage markets, loan origination and servicing, asset
management and property preservation, real estate sales and rental, and
title and escrow services. 

    With more than three decades of experience and guided by a consistent
philosophy, Carrington has built the infrastructure necessary to maximize
value during any market cycle. Its affiliate companies include Carrington
Capital Management, LLC, Carrington Investment Services, LLC, Carrington
Mortgage Services, LLC, Carrington Property Services, LLC, Atlantic &
Pacific Real Estate, LLC, White Van Real Estate Services, L.P., Telsi
Escrow, Inc., and Telsi Real Estate Solutions, LLC. Carrington Mortgage
Services, LLC is an equal housing opportunity lender. To learn more about
Carrington Holding Company, visit our website at 

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Michelle Schneider 
(949) 517-7197

Christine Stricker 
(949) 517-7313 

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