Saxon Capital (NYSE:SAX)
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From Jun 2019 to Jun 2024
Saxon Capital, Inc. ("Saxon") (NYSE: SAX), a residential
mortgage lending and servicing real estate investment trust (REIT),
announced today that Michael L. Sawyer, Chief Executive Officer of
Saxon will be presenting at the Morgan Stanley Small Cap Investor
Conference in New York City on June 15, 2006 at 10:30 a.m. Eastern
Time.
The presentation will be webcast through Saxon's website:
www.saxonmortgage.com, and will be available through July 14, 2006.
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 mortgage loan production subsidiary, Saxon Mortgage, Inc.,
originates and purchases loans through indirect and direct lending
channels using a network of brokers, correspondents, and its retail
lending centers. As of March 31, 2006, Saxon's servicing subsidiary,
Saxon Mortgage Services, Inc., serviced a mortgage loan portfolio of
$26.8 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 June
9, 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.