Saxon Capital (NYSE:SAX)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Saxon Capital Charts. Click Here for more Saxon Capital Charts.](/p.php?pid=staticchart&s=NY%5ESAX&p=8&t=15)
Saxon Capital, Inc. ("Saxon") (NYSE: SAX), a residential
mortgage lending and servicing real estate investment trust (REIT),
today announced that it will report its 2005 fourth quarter and year
end operating results after the market closes on Tuesday, February 28,
2006, and will hold its quarterly conference call to discuss these
results on Wednesday, March 1, 2006 at 9:00 a.m. Eastern Time.
Investors wishing to participate in the conference call may
contact Ms. Meagan Evans at (804) 935-5281 for details regarding the
call.
This call is being web cast by CCBN/Thomson and can be accessed on
Saxon's web site at www.saxonmortgage.com
About Saxon
Saxon is a residential mortgage lender and servicer that manages a
portfolio of mortgage assets. Saxon purchases, securitizes, and
services real property secured mortgages and elects to be treated as a
real estate investment trust (REIT) for federal tax purposes. The
company is headquartered in Glen Allen, Virginia and has additional
primary facilities in Fort Worth, Texas and Foothill Ranch,
California.
Saxon's production subsidiary, Saxon Mortgage, Inc., originates
and purchases loans through indirect and direct lending channels
through a network of brokers, correspondents, and retail lending
centers. As of September 30, 2005, Saxon's servicing subsidiary, Saxon
Mortgage Services, Inc., serviced a mortgage loan portfolio of $26.4
billion. For more information, visit www.saxonmortgage.com
Information Regarding Forward Looking Statements
Statements in this news release other than statements of
historical fact, are "forward-looking statements" that are based on
current expectations and assumptions. These expectations and
assumptions are subject to risks and uncertainty, which could affect
Saxon's future plans. Saxon's actual results and the timing and
occurrence of expected events could differ materially from its plans
and expectations due to a number of factors, such as (i) changes in
overall economic conditions and interest rates, (ii) Saxon's ability
to successfully implement its growth strategy, (iii) Saxon's ability
to sustain loan origination growth at levels sufficient to absorb
costs of production and operational costs, (iv) continued availability
of credit facilities and access to the securitization markets or other
funding sources, (v) deterioration in the credit quality of Saxon's
loan portfolio, (vi) lack of access to the capital markets for
additional funding, (vii) challenges in successfully expanding Saxon's
servicing platform and technological capabilities, (viii) Saxon's
ability to remain in compliance with federal tax requirements
applicable to REITs, (ix) Saxon's ability and the ability of its
subsidiaries to operate effectively within the limitations imposed on
REITs by federal tax rules, (x) changes in federal income tax laws and
regulations applicable to REITs, (xi) unfavorable changes in capital
market conditions, (xii) future litigation developments, (xiii)
competitive conditions applicable to Saxon's industry, and (xiv)
changes in the applicable legal and regulatory environment. You should
also be aware that all information in this news release is as of
January 19, 2006. Saxon undertakes no duty to update any
forward-looking statement to conform the statement to actual results
or changes in the company's expectations.