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February 09, 2016 12:53 PM ET

Real Estate Management and Development

Company Overview of Carrington Holding Company, LLC

Company Overview

Carrington Holding Company, LLC, through its subsidiaries, provides services in the areas of single family residential real estate transactions and investments in the United States. It engages in offering real estate and mortgage markets related asset management services; mortgage servicing and lending; and real estate services. The company also provides real estate brokerage services in the areas of buying/selling homes, retail sales, investment, rentals, distressed property sales, and short sales; and escrow, and title and settlement services. In addition, it offers property services, including property-specific customized solutions; and home solutions that include property preservation, m...

599 West Putnam Avenue

Seven Greenwich Office Park

Greenwich, CT 06830

United States

Founded in 2003

4,800 Employees

Phone:

949-517-7100

Key Executives for Carrington Holding Company, LLC

Founder and Chief Executive Officer
Chief Operating Officer
Chief Real Estate Officer
Age: 59
Chief Investment Officer and Head of Asset and Risk Management
Compensation as of Fiscal Year 2015.

Carrington Holding Company, LLC Key Developments

Carrington Holding Company, LLC Reports Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2015

Carrington Holding Company, LLC reported unaudited consolidated earnings results for the nine months ended September 30, 2015. For the period, total revenue was $242,627,369 compared to $208,144,939 a year ago. Loss from operations was $13,402,574 compared to income of $8,881,864 a year ago. Net loss before income taxes was $1,446,257 compared to $13,001,781 a year ago. Net loss was $1,457,822 compared to $13,018,606 a year ago. Net cash provided by operating activities was $6,579,095 compared to $13,807,386 a year ago. Purchase of property, furniture and equipment was $10,802,101 compared to $7,417,310 a year ago.

Carrington Holding Company, LLC Reports Unaudited Consolidated Financial Results for the Six Months Ended June 30, 2015

Carrington Holding Company, LLC reported unaudited consolidated financial results for the six months ended June 30, 2015. Total revenue was $155,380,260 compared to $137,475,741 a year ago. Loss from operations was $7,584,723 compared to income of $6,337,312 a year ago. Net loss before income taxes was $23,615,128 compared to $21,498,721 a year ago. Net loss was $23,625,612 compared to $21,492,105 a year ago. Net cash provided by operating activities was $25,490,995 compared to net cash used in operating activities of $10,607,172 a year ago. Purchase of property, furniture and equipment was $7,657,312 compared to $2,556,533 a year ago.

Carrington Holding Company, LLC Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Carrington Holding Company, LLC reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Revenue for the first quarter 2015 was $71.4 million compared to $60.3 million for the same period a year ago. Loss from operations was $7.7 million against income from operations of $1.5 million last year. Loss before income taxes was $19.4 million against $15.4 million last year. The increase in revenue was primarily due to higher mortgage banking and servicing revenue. Cash flow from operating activities was $64.0 million against $23.1 million last year. Net cash used in operating activities, excluding Trust activity, was $72.1 million for the quarter ended March 31, 2015, as compared to net cash used in operating activities of $29.6 million in the same period in the prior year. The $42.5 million increase in cash used in operating activities, excluding Trust activity, during the three months ended March 31, 2015, was primarily due to an increased use of cash to fund higher volumes of mortgage loans, which were substantially funded through their related financing lines and reduced servicing advance volume. Net loss was $19.4 million against $15.4 million last year. Purchases of property, furniture and equipment were $1.5 million against $0.9 million last year.

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