Carrington Welcomes New EVP for Investment Banking

""Carrington Holding Company"":http://www.carringtonhc.com/default.aspx, LLC, based in Santa Ana, California, announced the hiring of well-known banking industry veteran Christopher Whalen to head the company's investment banking operations.

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Whalen's title will be EVP and managing director for Carrington Investment Services. In his position, he will focus on fundraising and developing and marketing new products for Carrington's business units.

Whalen joins Carrington from his previous position as senior managing director at Tangent Capital Partners in New York. He is co-founder and vice chairman of the board of Institutional Risk Analytics and author of the 2010 book ""Inflated: How Money and Debt Built the American Dream."" He has also appeared before Congress, the Securities and Exchange Commission, and the FDIC 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,"" Whalen said. ""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 Bruce Rose, CEO and founder of Carrington Holding Company.