FRANKLIN CRE.MGMT-F6E/2008 - 500 Beiträge pro Seite

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BÖRSE AKTUELL WRG. DATUM ZEIT DIFF. DIFF.% HOCH TIEF VOLUMEN

NASDAQ 2,98 USD 07.11. 21:48 +0,62 +26,27% 3,18 2,10 103.841,64

Berlin 1,56 EUR 07.11. 09:10 -0,59 -27,44% 1,56 1,56 -

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Internationale Handelsplätze
NASDAQ
FCMC / USD 2,65
100 +0,150
+6,00 22:00:11
14.11.2007 -
- 2,50
2,58 2,65
2,50 1.900
4.887

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Oxford Funding (OTC:OXFD) has secured a banking commitment to purchase its next portfolio of mortgages, which are valued at approximately $2.4 million.



"At a time when other major mortgage companies have announced that they are no longer able to obtain credit Oxford Funding is capitalizing on the opportunity to acquire another portfolio of performing loans. When you have the capability to buy quality mortgages, backed with 1st liens on real estate, at a steep discount to their value you have an attractive platform to generate significant profits," Robert Dunn, President of Oxford Funding Corp. commented.

As a result of the liquidity crunch in the residential mortgage market, many major mortgage companies have discounted their portfolios and are declaring losses as they dispose of their loans. Oxford Funding is acquiring these mortgages that have a history of timely payments by the homeowners. Oxford Funding then generates substantial revenue by reselling them at a profit.

"Mortgage market meltdown comments from the likes of Huntington Bancshares, Inc. (NASDAQ:HBAN), Franklin Credit Management, Corp. (NASDAQ:FCMC), CitiGroup (NYSE:C) and Bear Stearns (NYSE:BSC) suggest that highly profitable opportunities will continue to be available to Oxford over the coming months," Mr. Dunn concluded.

About Oxford Funding Corporation:

Oxford Funding Corporation is a publicly traded asset resolution company specializing in the purchase and management of bulk Residential and Commercial 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
Corporate Relations
William Carmichael, 713-975-9602
[e-mail]
Quelle Bis.Wiere 19.11.2007