Oxford Funding Engages Quantum Servicing

Oxford Funding [OTC:OXFD] has engaged Quantum Servicing Corporation, a Special Servicing unit of Clayton Holdings, Inc. (NASDAQ: CLAY), to service loans.

Oxford Funding purchased nearly $5 million in performing loan portfolios during its first quarter of operations, said Ron Redd, CEO of Oxford Funding

Oxford Funding closed the month of September with an impressive current-to-date performance on the first portfolio of mortgage loans it purchased in August. With the yield generated because of the purchase discount, combined with a couple of early pay-offs, the yield to date on the August pool exceeds 190% on an annual basis.

Mr. Redd continued, It is somewhat unusual to experience these early pay-offs this quickly, but it demonstrates what is possible when buying these performing loans at steep discounts.

Oxford Funding generates substantial revenue by acquiring performing and under performing mortgages from the secondary market with deep discounts ranging from 25% to 50% or more from face value.

All of the loans acquired are real estate backed giving Oxford Funding the opportunity to purchase them at significant discounts, a platform from which very attractive profits can be generated. The downside risk has been virtually eliminated because of the discounted purchase price relative to the recently appraised collateral value and historical performance of the loans.

Comments from CitiGroup (NYSE: C), and Bank of America (NYSE: BAC), as well as multiple conversations with personal contacts in the industry suggest that opportunities available to Oxford will increase exponentially over the coming months, Robert Dunn, President of Oxford Funding said.

During a recent conference call, Lehman (NYSE: LEH) said problems in the mortgage and LBO markets cut its fixed-income revenue by $700 million for the third quarter. The firm said it wrote off more than $1 billion of its assets in those categories, though Lehman execs declined to offer the kind of detail Wall Street was looking for.

About Oxford Funding Corporation:

Oxford Funding Corporation is a publicly traded asset resolution company specializing in the purchase and management of bulk mortgage loan portfolios. Senior management at Oxford has facilitated rehabilitated loan sales in excess of One Billion Dollars, traded billions of dollars of financial assets as principal and agent, and has established relationships with hundreds of financial institutions and loan investors nationwide. For more information, please visit our homepage at www.oxfordfunding.com.

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.


Oxford Funding Corporation, Houston
William Carmichael, 713-975-9602
Corporate Relations
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