Mortgage Market Turnaround Seen as Investment Opportunity at Oxford Funding
The Houston-based company says it's bolstered by a just-released financial report that views the mortgage meltdown as 'fertile ground for opportunity.'
oxfordfunding.com - August 14, 2008
(PRNewsChannel) / Houston, Texas - Oxford Funding (PINKSHEETS: OXFD), the Houston-based company banking its success on repairing damaged loans for homeowners who find themselves in the worst housing crisis since the Great Depression, says a just-released financial report published in Kiplinger's Personal Finance validates its position that the mortgage mess provides opportunity.
The September issue of Kiplinger's proclaims, "Today's market should also be viewed as fertile ground for opportunity."
Oxford Funding buys mortgage loans from banks at deep discounts and works with borrowers to get them back to paying. Oxford then re-sells the loan on the open market for a profit.
"The mortgage turmoil doesn't seem to be going away anytime soon," says Ron Redd, Chief Executive Officer of Oxford Funding. "So, instead of fighting the downturn, we're seizing the opportunity to be a part of the solution."
The financial report in Kiplinger's says, "We've only seen the tip of the iceberg of housing-and mortgage-related problems." The collapse of the mortgage market has led to massive opportunities with new ways to invest.
The financial report predicts the current meltdown will continue because the lending standards used in late 2005 through early 2007 are just now resulting in a new wave of loans going into default. The report shows an alarming new trend of borrowers who can afford their mortgage but aren't paying simply because their homes are worth so much less.
"The market has been hammered by bad loans but we take pride in a hands-on approach to getting borrowers back in the market -- be that through new loan terms or some debt forgiveness -- we can help turnaround a dim outlook and turn a profit at the same time," says Redd.
About Oxford Funding: Oxford Funding (PINKSHEETS: OXFD) is a publicly traded asset resolution company specializing in the purchase, sale and management of individual and bulk mortgage loan portfolios.
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.
Media Contact:
Robert M. Dunn
Ronald C. Redd
Takenya "TK" Arceneaux
Email: 713-975-9602
Web site: www.oxfordfunding.com
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