Oxford Funding Corporation (OTC:OXFD) has announced the addition of April Bogan to its staff as Vice President – Business Development. Ms. Bogan’s primary duties will be to market OXFD’s new Oxford Opportunistic Mortgage Fund, a hedge fund structure that is purchasing residential and commercial mortgage notes at substantial discounts from face value. The Fund is open to accredited investors, and is capitalizing on the dislocations in current mortgage markets by acquiring whole loan portfolios, then re-working or liquidating them for significant gains.
“April’s background in real estate marketing and professional sales makes her the perfect representative for our Fund,” said Ron Redd, Oxford’s CEO. “She brings an energy and professionalism to her job, and will work well with our investors in the Fund.”
Ms. Bogan has spent the bulk of her career in real estate and real estate related marketing in Calgary, Alberta, Canada, and in Houston, Texas.
“If the economy weakens from here there will continue to be a lot of pressure on homeowners and credit costs will go higher...that means continued opportunities for Oxford to buy steeply discounted mortgage portfolios and continued profits for the company,” stated Robert Dunn, President of OXFD. “Freddie Mac (NYSE:FRE) announced, today, that its losses have widened to $2.5 billion in the fourth quarter of 2007 and Fannie Mae (NYSE:FNM) reported a $3.6 billion loss for the same period. This is going to effect the commercial market, too, AG Edwards (NYSE:AG) recently downgraded Simon Property Group (NYSE:SPG),” he concluded.
About Oxford Funding Corporation:
Oxford Funding Corporation (OTC:OXFD) 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.
Contacts:
Corporate Relations
William
Carmichael, 713-975-9602
ir@oxfordfunding.com
