Oxford Funding Predicts More to Come for Mortgage Crisis
July 24, 2008
HOUSTON, TX–(Marketwire - July 24, 2008) - The current mortgage situation isn’t bad for everyone, at least from Bob Dunn’s perspective.
A new Fox Business News poll just released shows that 55% of those polled do not believe that the “worst of the subprime-mortgage mess” is over for major U.S. banks.
“With banks continuing to increase their reserves for bad loans, Oxford Funding Corporation is in an excellent position to continue to increase its position in mortgage portfolios at significant discounts,” says Bob Dunn, President of Oxford.
The company recently began selling individual mortgage loans to accredited investors. This type of opportunity had been reserved exclusively for banks and institutional investors.
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.
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.
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