SANTA ANA, CA -- (Marketwire) -- 12/17/12 -- 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 www.carringtonhc.com.
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