SOURCE: Carrington Holding Company, LLC

Carrington Holding Company, LLC

February 10, 2012 16:00 ET

Carrington Capital Management, American Home Mortgage Servicing Announce Lawsuit Settlement

Resolution of Carrington Asset Holding, LLC, ET Al. Plaintiffs, v. American Home Mortgage Servicing, Inc., Defendant

SANTA ANA, CA--(Marketwire - Feb 10, 2012) - Carrington Capital Management, LLC ("Carrington"), a subsidiary of Carrington Holding Company, LLC, and American Home Mortgage Servicing, Inc. ("AHMSI") announced today that they have entered into an agreement that brings to a close the action filed by Carrington against AHMSI in 2009 and resolves the disputes reflected in the action, along with any other disputes between the parties in the past.

"We look forward to a productive relationship with AHMSI going forward," noted Carrington Founder and CEO Bruce Rose. "The market has changed dramatically over the past few years, and both companies have decided that we're better off working together than fighting past battles."

The terms of the agreement are confidential.

About the Carrington Holding Company
Carrington Holding Company is the parent company for the Carrington Family of Companies, which includes vertically integrated operating businesses that direct every aspect of the life cycle of single family assets. Its core capabilities include investment and fund management, residential mortgage special servicing and origination, property management and maintenance, and real estate sales and settlement 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 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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