Oxford Funding to Acquire Assets

Oxford Funding Corp. [OTC:OXFD], announced today the launch of its asset management program for subprime mortgage portfolios. Oxford Funding will focus on acquiring and rehabilitating subprime mortgage portfolios in the secondary mortgage market. It will purchase, restructure and re-sell subprime residential and commercial real estate loans it acquires from institutions and banks.

Due the recent meltdown in the subprime lending industry, with many subprime lenders going out of business, an exceptional opportunity exists to acquire loan portfolios at substantial discounts. Oxford will acquire performing, under-performing and non-performing loans and restructure and rehabilitate these assets. Because these portfolios of loans are asset backed, the opportunity to purchase them at a significant discount provides a platform from which attractive profits can be generated.

The best time to acquire asset-backed mortgage assets is when investors and large banks want to get them out of their portfolios, noted Ron Redd, Oxfords CEO. We intend to capture the upside of a down market with the potential of producing 15% to 40% gains on each portfolio asset we acquire, he explained.

In the 1990s the Oxford Funding team traded over $1 billion in portfolio assets and gained valuable experience that should relate well to todays market.

Oxford Funding will compete with a peer group of comparable businesses such as, Franklin Credit (NASD:FCMC), Delta Financial Corp. (NASD:DFC) and Portfolio Recovery Associates (NASD:PRAA).

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here