Oxford Funding Corp. Forms Hedge Fund

Feb.04, 2008 in Market Outlook

HOUSTON, Feb 04, 2008 (BUSINESS WIRE) — Oxford Funding Corporation (OXFD) has
formed a hedge fund which will invest in discounted portfolios of residential and
commercial mortgages.

Investments in Oxford Opportunistic Mortgage Fund, L.P., a Delaware Limited
Partnership, will be marketed to accredited investors via a private placement
memorandum. Filings for the investment vehicle have been made with the Securities
and Exchange Commission and the Texas State Securities Board with the filing of a
Form D.

The Fund will invest in performing, sub-performing and non-performing mortgages
purchased on the secondary market at substantial discounts to face value. The
Fund’s strategy will be to hold, modify if necessary, and ultimately liquidate
the mortgage assets at significant gains. The Fund and its investors will
participate in the yields generated during the holding period, and from gains on
the sale/liquidation of the mortgage assets.

Oxford Management Capital, LLC (owned by OXFD) will manage the Fund, and will
receive a management fee and a percentage of the profits that the Fund generates.

“The Fund gives Oxford Funding another vehicle and another opportunity to profit
from disruptions in the current mortgage markets,” said Ron Redd, Oxford’s CEO.
“There is presently so much opportunity in the market; we want to capitalize on
as much as possible.”

“This will give us the ability to buy more and make more than we have done to
date,” said Robert Dunn, President of Oxford Funding. “The Fund will take us to
the next level in terms of the type and size of portfolios we can buy,” he
stated.

Last week Oxford announced that the 2007 annualized rate of return on its
portfolio of loans exceeded 90%.

“With giant companies like Citigroup (C) announcing a quarterly loss of $9.8
billion and Merrill Lynch (MER) writing down $14.1 billion last quarter and UBS
(UBS) warning of an estimated $14 billion loss and Fidelity National (FNF)
announcing $44.9 million in fourth quarter losses we feel pretty good about the
favorable returns we’re experiencing,” 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 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 http://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.

SOURCE: Oxford Funding Corporation
Oxford Funding Corporation, Houston
William Carmichael, 713-975-9602
Corporate Relations
ir@oxfordfunding.com

Did you like this? If so, please bookmark it,