0001193125-06-134192 Sample Contracts

AMENDMENT NUMBER TWO to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER TWO (“Amendment Number Two”), dated as of March 1, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor (the “Guarantor”), and ECR Investment Corp. (“ECR”), as seller (the “Seller”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, by and among the Buyer, the Guarantor and the Seller (the “Master Repurchase Agreement”).

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MASTER REPURCHASE AGREEMENT (SECURITIES)
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

Wachovia Investment Holdings LLC, as buyer (the “Buyer”, which term shall include any “Principal” as defined and provided for in Annex I), or as agent pursuant hereto (the “Agent”);

AMENDMENT NUMBER SEVEN and JOINDER to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER SEVEN (“Amendment Number Seven”), dated as of June 6, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor (the “Guarantor”), ECC Investment Corp. (“ECCIC”) and ECR Investment Corp. (“ECR” and together with ECCIC, the “Sellers”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, as amended, by and among the Buyer, the Guarantor and ECR (the “Master Repurchase Agreement”).

AMENDMENT NUMBER EIGHT to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION ECC INVESTMENT CORP. and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER EIGHT (“Amendment Number Eight”), dated as of June 7, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor (the “Guarantor”), ECC Investment Corp. (“ECCIC”) and ECR Investment Corp. (“ECR” and together with ECCIC, the “Sellers”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, as amended, by and among the Buyer, the Guarantor and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER FOURTEEN to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION ECC INVESTMENT CORP. and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER FOURTEEN (“Amendment Number Fourteen”), dated as of June 14, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor and seller (the “Guarantor”), ECC Investment Corp. (“ECCIC”) and ECR Investment Corp. (“ECR” and together with ECCIC and ECC, the “Sellers”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, as amended, by and among the Buyer, the Guarantor and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER SIX to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER SIX (“Amendment Number Four”), dated as of June 5, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor (the “Guarantor”), and ECR Investment Corp. (“ECR”), as seller (the “Seller”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, by and among the Buyer, the Guarantor and the Seller (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-12 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-12 (this “Amendment 2006-12”), is made this 14th day of June, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER ONE to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER ONE (“Amendment Number One”), dated as of March 1, 2006 (the “Effective Date”) by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”). ECC Capital Corporation (“ECC”), as guarantor (the “Guarantor”), and ECR Investment Corp. (“ECR”), as seller (the “Seller”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, by and among the Buyer, the Guarantor and the Seller (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-4 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-4 (this “Amendment 2006-4”), is made this 1st day of June, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-9 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-9 (this “Amendment 2006-9”), is made this 9th day of June, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER ELEVEN to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION ECC INVESTMENT CORP. and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER ELEVEN (“Amendment Number Eleven”), dated as of June 12, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor and seller (the “Guarantor”), ECC Investment Corp. (“ECCIC”) and ECR Investment Corp. (“ECR” and together with ECCIC and ECC, the “Sellers”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, as amended, by and among the Buyer, the Guarantor and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER NINE and JOINDER to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER NINE (“Amendment Number Nine”), dated as of June 8, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor (the “Guarantor”) and seller, ECC Investment Corp. (“ECCIC”) and ECR Investment Corp. (“ECR” and together with ECCIC and ECC, the “Sellers”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, as amended, by and among the Buyer, the Guarantor and ECR and ECCIC (the “Master Repurchase Agreement”).

June 19, 2006 VIA FACSIMILE AND FEDERAL EXPRESS Friedman, Billings, Ramsey Group, Inc.
Registration Rights Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts
AMENDMENT NUMBER FIVE to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER FIVE (“Amendment Number Four”), dated as of June 1, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor (the “Guarantor”), and ECR Investment Corp. (“ECR”), as seller (the “Seller”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, by and among the Buyer, the Guarantor and the Seller (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-5 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-5 (this “Amendment 2006-5”), is made this 5th day of June, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-11 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-11 (this “Amendment 2006-11”), is made this 13th day of June, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER TWELVE to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION ECC INVESTMENT CORP. and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER TWELVE (“Amendment Number Twelve”), dated as of June 13, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor and seller (the “Guarantor”), ECC Investment Corp. (“ECCIC”) and ECR Investment Corp. (“ECR” and together with ECCIC and ECC, the “Sellers”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, as amended, by and among the Buyer, the Guarantor and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-10 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-10 (this “Amendment 2006-10”), is made this 12th day of June, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-6 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-6 (this “Amendment 2006-6”), is made this 6th day of June, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-3 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-3 (this “Amendment 2006-3”), is made this 31st day of May, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-14 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-14 (this “Amendment 2006-14”), is made this 16th day of June, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NO. 1 to MORTGAGE LOAN PURCHASE AGREEMENT
Mortgage Loan Purchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts

This AMENDMENT NO. 1 (this “Amendment”) is made and entered into this 31st day of May, 2006, and effective as of May 1, 2006, by and between Encore Credit Corp., as seller (the “Seller”) and Countrywide Home Loans, Inc. (“CHL”), as purchaser (together with its successors and assigns, the “Purchaser”), in connection with the Mortgage Loan Purchase and Interim Servicing Agreement, dated as of June 20, 2003, between the Seller and CHL (the “Agreement”).

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AMENDMENT NUMBER FOUR to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER FOUR (“Amendment Number Four”), dated as of May 31, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor (the “Guarantor”), and ECR Investment Corp. (“ECR”), as seller (the “Seller”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, by and among the Buyer, the Guarantor and the Seller (the “Master Repurchase Agreement”).

AMENDMENT NUMBER TEN to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION ECC INVESTMENT CORP. and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER TEN (“Amendment Number Ten”), dated as of June 9, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor and seller (the “Guarantor”), ECC Investment Corp. (“ECCIC”) and ECR Investment Corp. (“ECR” and together with ECCIC and ECC, the “Sellers”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, as amended, by and among the Buyer, the Guarantor and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-8 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-8 (this “Amendment 2006-8”), is made this 8th day of June, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-13 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-13 (this “Amendment 2006-13”), is made this 15th day of June, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER FIFTEEN to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION ECC INVESTMENT CORP. and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER FIFTEEN (“Amendment Number Fifteen”), dated as of June 16, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor and seller (the “Guarantor”), ECC Investment Corp. (“ECCIC”) and ECR Investment Corp. (“ECR” and together with ECCIC and ECC, the “Sellers”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, as amended, by and among the Buyer, the Guarantor and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER 2006-7 to the AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT dated as of March 16, 2005 among ECC CAPITAL CORPORATION, BRAVO CREDIT CORPORATION, ENCORE CREDIT CORP. and WACHOVIA BANK, NATIONAL ASSOCIATION
Master Repurchase Agreement • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

This AMENDMENT NUMBER 2006-7 (this “Amendment 2006-7”), is made this 7th day of June, 2006, among ECC Capital Corporation (“ECC”), Bravo Credit Corporation (“Bravo”), Encore Credit Corp. (“Encore”; each of Encore, ECC and Bravo, a “Seller”, and jointly and severally, the “Sellers”) and Wachovia Bank, National Association (the “Buyer”), to the Amended and Restated Master Repurchase Agreement, dated as of March 16, 2005, as amended, among the Buyer and the Sellers (the “Master Repurchase Agreement”).

AMENDMENT NUMBER THREE to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER THREE (“Amendment Number Three”), dated as of April 25, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor (the “Guarantor”), and ECR Investment Corp. (“ECR”), as seller (the “Seller”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, by and among the Buyer, the Guarantor and the Seller (the “Master Repurchase Agreement”).

AMENDMENT NUMBER THIRTEEN to the MASTER REPURCHASE AGREEMENT (SECURITIES) dated as of January 31, 2006 among WACHOVIA INVESTMENT HOLDINGS, LLC, ECC CAPITAL CORPORATION ECC INVESTMENT CORP. and ECR INVESTMENT CORP.
Master Repurchase Agreement (Securities) • June 23rd, 2006 • ECC Capital CORP • Real estate investment trusts • New York

AMENDMENT NUMBER THIRTEEN (“Amendment Number Thirteen”), dated as of June 14, 2006 (the “Effective Date”), by and among Wachovia Investment Holdings, LLC, as buyer (the “Buyer”), ECC Capital Corporation (“ECC”), as guarantor and seller (the “Guarantor”), ECC Investment Corp. (“ECCIC”) and ECR Investment Corp. (“ECR” and together with ECCIC and ECC, the “Sellers”), to the Master Repurchase Agreement (Securities), dated as of January 31, 2006, as amended, by and among the Buyer, the Guarantor and the Sellers (the “Master Repurchase Agreement”).

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