SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549 SCHEDULE 13G

(RULE 13D-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13D-1(B), (C) AND (D) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(B) (AMENDMENT NO. 2)*

ECC CAPITAL CORPORATION
(NAME OF ISSUER) 

COMMON STOCK, PAR VALUE $0.001 PER
 SHARE 26826M108
---------------------------------- ----------------------------------
 (TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER)

DECEMBER 31, 2007
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)

CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS FILED:

[_] RULE 13D-1(B)
[X] RULE 13D-1(C)
[_] RULE 13D-1(D)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Continued on Following Pages

Page 1 
------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 2
------------------------------------------- ------------------------------

-------------------------------------------------------------------------------
 1 NAME OF REPORTING SC FUNDAMENTAL VALUE FUND, L.P.
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF DELAWARE
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 0
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: PN

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 3
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING SC FUNDAMENTAL LLC
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF NEW YORK
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 0
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: OO

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 4
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING SC FUNDAMENTAL VALUE BVI, LTD.
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF BRITISH VIRGIN ISLANDS
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 0
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: CO

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 5
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING SC-BVI PARTNERS
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF DELAWARE
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 0
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: PN

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 6
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING PMC-BVI, INC.
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF DELAWARE
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 0
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: CO

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 7
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING SC FUNDAMENTAL BVI, INC.
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF DELAWARE
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 0
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: CO

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 8
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING SC OPPORTUNITY FUND, L.P.
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF DELAWARE
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 0
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: PN

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 9
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING SC OPPORTUNITY LLC
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF DELAWARE
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 0
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: OO

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 10
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING PETER M. COLLERY
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF UNITED STATES
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 206,900
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 206,900
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 206,900
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0.2%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: IN

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 11
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING NEIL H. KOFFLER
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF UNITED STATES
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 0
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: IN

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 12
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING JOHN T. BIRD
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF UNITED STATES
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 0
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: IN

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 13
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING DAVID A. HURWITZ
 PERSONS:

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF UNITED STATES
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 0
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 0
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 0
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: IN

-------------------------------------------------------------------------------


------------------------------------------- ------------------------------
CUSIP No. 26826M108 13G Page 14
------------------------------------------- ------------------------------


-------------------------------------------------------------------------------
 1 NAME OF REPORTING SC FUNDAMENTAL LLC EMPLOYEE SAVINGS
 PERSONS: AND PROFIT SHARING PLAN

 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
-------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
 (A) [X]
 (B) [_]
-------------------------------------------------------------------------------
 3 SEC USE ONLY

-------------------------------------------------------------------------------
 4 CITIZENSHIP OR PLACE OF UNITED STATES
 ORGANIZATION:

-------------------------------------------------------------------------------
 NUMBER OF 5 SOLE VOTING POWER: 206,900
 SHARES
 ------------------------------------------------------------
 BENEFICIALLY 6 SHARED VOTING POWER: 0
 OWNED BY
 ------------------------------------------------------------
 EACH 7 SOLE DISPOSITIVE POWER: 206,900
 REPORTING
 ------------------------------------------------------------
 PERSON WITH 8 SHARED DISPOSITIVE 0
 POWER:
-------------------------------------------------------------------------------
 9 AGGREGATE AMOUNT BENEFICIALLY 206,900
 OWNED BY EACH REPORTING PERSON:
-------------------------------------------------------------------------------
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
 EXCLUDES CERTAIN SHARES: [ ]
-------------------------------------------------------------------------------
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0.2%

-------------------------------------------------------------------------------
 12 TYPE OF REPORTING PERSON: EP

-------------------------------------------------------------------------------

ITEM 1. NAME OF ISSUER AND ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

(a) and (b) This Amendment No. 2 to the Statement on Schedule 13G (the "Schedule 13G") relates to the Common Stock, par value $0.001 per share (the "Common Stock"), of ECC Capital Corporation, a Maryland corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 1833 Alton Parkway, Irvine, California 92606.

ITEM 2. NAME OF PERSON FILING

(a) Name of Persons Filing:

(i) SC Fundamental Value Fund, L.P.
(ii) SC Fundamental LLC
(iii) SC Fundamental Value BVI, Ltd.
(iv) SC-BVI Partners
(v) PMC-BVI, Inc.
(vi) SC Fundamental BVI, Inc.
(vii) SC Opportunity Fund, L.P.
(viii) SC Opportunity LLC
(ix) Peter M. Collery
(x) Neil H. Koffler
(xi) John T. Bird
(xii) David A. Hurwitz and
(xiii) SC Fundamental LLC Employee Savings and Profit Sharing Plan (collectively, the "Reporting Persons")

(b) Address of Principal Business Office or, if None, Residence:

The principal business office of each of the Reporting Persons listed in Item 2(a) is as follows:

The principal business office of each of SC Fundamental Value Fund, L.P., SC Fundamental LLC, SC-BVI Partners, PMC-BVI, Inc., SC Fundamental BVI, Inc., SC Opportunity Fund, L.P., SC Opportunity LLC, Peter M. Collery, Neil H. Koffler, John T. Bird and David A. Hurwitz, and SC Fundamental LLC Employee Savings and Profit Sharing Plan is 747 Third Avenue, 27th Floor, New York, New York 10017.

The principal business office of SC Fundamental Value BVI, Ltd. is c/o Citco Fund Services (Cayman Islands) Ltd., Corporate Center, West Bay Road, Grand Cayman, Cayman Islands.

(c), (d) and (e) For information with respect to citizenship of each of the Reporting Persons, title of class of securities and CUSIP number for the shares held by such persons, see the appropriate cover page above.

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR
(C), CHECK WHETHER THE PERSON FILING IS:

(a) [ ] Broker or dealer registered under Section 15 of the Exchange Act;

Page 15

(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act;

(c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act;

(d) [ ] Investment company registered under Section 8 of the Investment Company Act;

(e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f) [ ] An Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h) [ ] A Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

(i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;

(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

ITEM 4. OWNERSHIP

(a) - (c) The response of each of the Reporting Persons to Items 5 through 11 of each of their respective Cover Sheets which relate to the beneficial ownership of the Common Stock of the Issuer, as of December 31, 2007, is incorporated herein by reference. The percentage ownership of each of the Reporting Persons is based on 97,073,300 shares of Common Stock outstanding as of September 30, 2007, as reported by the Issuer in its Consolidated Financial Statements For the Three and Nine Months Ended September 30, 2007, dated December 4, 2007, as published on the Issuer's internet website.

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of Securities, check the following |X|.

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

Not applicable.

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

Page 16

Not applicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

See Exhibit No. 2 hereto.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP

Not applicable.

ITEM 10. CERTIFICATION

(a) Not applicable.

(b) By signing below, each of the undersigned certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

[The remainder of this page intentionally left blank.]

Page 17

SIGNATURE

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2008

SC FUNDAMENTAL VALUE FUND, L.P.

By: SC Fundamental LLC, as General Partner 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Member

SC FUNDAMENTAL LLC 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Member

SC FUNDAMENTAL VALUE BVI, LTD.

By: SC Fundamental BVI, Inc., as managing
general partner of investment manager 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Vice President

SC-BVI PARTNERS

By: SC Fundamental BVI, Inc., as managing
general partner 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Vice President

PMC-BVI, INC. 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Secretary

Page 18

SC FUNDAMENTAL BVI, INC. 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Vice President

SC OPPORTUNITY FUND, L.P.

By: SC Opportunity LLC, as General Partner 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Member

SC OPPORTUNITY, LLC 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Member


/s/ Neil H. Koffler
-------------------------------
Neil H. Koffler as Attorney-in-Fact for
Peter M. Collery (1)


/s/ Neil H. Koffler
-------------------------------
Neil H. Koffler


/s/ Neil H. Koffler
-------------------------------
Neil H. Koffler as Attorney-in-Fact for
John T. Bird (2)


/s/ Neil H. Koffler
-------------------------------
Neil H. Koffler as Attorney-in-Fact for
David A. Hurwitz (3)

SC FUNDAMENTAL LLC EMPLOYEE SAVINGS AND
PROFIT SHARING PLAN 

By: /s/ Peter M. Collery
 --------------------------
 Peter M. Collery, Trustee

Page 19

(1) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery. The Power of Attorney for Mr. Collery is attached as Exhibit 3 to the Amendment No. 1 to the Statement on Schedule 13G with respect to the Common Stock of ECC Capital Corporation, filed on February 14, 2007, and is incorporated herein by reference.

(2) Executed by Neil H. Koffler as Attorney-in-Fact for John T. Bird. The Power of Attorney for Mr. Collery is attached as Exhibit 3 to the Amendment No. 1 to the Statement on Schedule 13G with respect to the Common Stock of Tengasco, Inc., filed on March 28, 2005, and is incorporated herein by reference.

(3) Executed by Neil H. Koffler as Attorney-in-Fact for David A. Hurwitz. The Power of Attorney for Mr. Hurwitz is attached as Exhibit 3 to the Amendment No. 4 to the Statement on Schedule 13G with respect to the Common Stock of MDU Communications International, Inc., filed on February 14, 2008, and is incorporated herein by reference.

Page 20

EXHIBIT INDEX 

Exhibit No. Document
----------- --------

 1 Joint Filing Agreement, dated February 14,
 2008, among SC Fundamental Value Fund, L.P.,
 SC Fundamental LLC, SC Fundamental Value
 BVI, Ltd., SC-BVI Partners, PMC-BVI, Inc.,
 SC Fundamental BVI, Inc., SC Opportunity
 Fund, L.P., SC Opportunity LLC, Peter M.
 Collery, Neil H. Koffler, John T. Bird and
 David A. Hurwitz, and SC Fundamental LLC
 Employee Savings and Profit Sharing Plan to
 file this Amendment No. 2 to the joint
 statement on Schedule 13G.

 2 Identity of Members of Group

Page 21

Exhibit 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of this Amendment No. 2 to the statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, par value $0.001 per share, of ECC Capital Corporation and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing. In evidence thereof, the undersigned, hereby execute this Agreement this 14th day of February, 2008.

Dated: February 14, 2008

SC FUNDAMENTAL VALUE FUND, L.P.

By: SC Fundamental LLC, as General Partner 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Member

SC FUNDAMENTAL LLC 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Member

SC FUNDAMENTAL VALUE BVI, LTD.

By: SC Fundamental BVI, Inc., as managing
general partner of investment manager 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Vice President

SC-BVI PARTNERS

By: SC Fundamental BVI, Inc., as managing
general partner 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Vice President

Page 22

PMC-BVI, INC. 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Secretary

SC FUNDAMENTAL BVI, INC. 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Vice President

SC OPPORTUNITY FUND, L.P.

By: SC Opportunity LLC, as General Partner 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Member

SC OPPORTUNITY, LLC 

By: /s/ Neil H. Koffler
 --------------------------
 Neil H. Koffler, Member


/s/ Neil H. Koffler
-------------------------------
Neil H. Koffler as Attorney-in-Fact for
Peter M. Collery (1)


/s/ Neil H. Koffler
-------------------------------
Neil H. Koffler


/s/ Neil H. Koffler
-------------------------------
Neil H. Koffler as Attorney-in-Fact for
John T. Bird (2)


/s/ Neil H. Koffler
-------------------------------
Neil H. Koffler as Attorney-in-Fact for
David A. Hurwitz (3)

Page 23

SC FUNDAMENTAL LLC EMPLOYEE SAVINGS AND
PROFIT SHARING PLAN 

By: /s/ Peter M. Collery
 --------------------------
 Peter M. Collery, Trustee

(1) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery. The Power of Attorney for Mr. Collery is attached as Exhibit 3 to the Amendment No. 1 to the Statement on Schedule 13G with respect to the Common Stock of ECC Capital Corporation, filed on February 14, 2007, and is incorporated herein by reference.

(2) Executed by Neil H. Koffler as Attorney-in-Fact for John T. Bird. The Power of Attorney for Mr. Collery is attached as Exhibit 3 to the Amendment No. 1 to the Statement on Schedule 13G with respect to the Common Stock of Tengasco, Inc., filed on March 28, 2005, and is incorporated herein by reference.

(3) Executed by Neil H. Koffler as Attorney-in-Fact for David A. Hurwitz. The Power of Attorney for Mr. Hurwitz is attached as Exhibit 3 to the Amendment No. 4 to the Statement on Schedule 13G with respect to the Common Stock of MDU Communications International, Inc., filed on February 14, 2008, and is incorporated herein by reference.

Page 24

Exhibit 2

IDENTITY OF MEMBERS OF GROUP

SC Fundamental Value Fund, L.P.
SC Fundamental LLC
SC Fundamental Value BVI, Ltd.
SC-BVI Partners
PMC-BVI, Inc.
SC Fundamental BVI, Inc.
SC Opportunity Fund, L.P.
SC Opportunity LLC
Peter M. Collery
Neil H. Koffler
John T. Bird
David A. Hurwitz
SC Fundamental LLC Employee Savings and Profit Sharing Plan

Page 25
ECC Capital (PK) (USOTC:ECRO)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024 ECC Capital (PK) 차트를 더 보려면 여기를 클릭.
ECC Capital (PK) (USOTC:ECRO)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024 ECC Capital (PK) 차트를 더 보려면 여기를 클릭.