Saxon Capital (NYSE:SAX)
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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 2005 Friedman, Billings Ramsey
Investor Conference on November 29, 2005 at 10:55AM Eastern Time. The
presentation will discuss Saxon's performance through the Third
Quarter of 2005.
The presentation will be webcast through Saxon's website:
www.saxoncapitalinc.com. Please select "Corporate", then "Investor
Relations" to access the link. The webcast will be available through
December 30, 2005.
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 subsidiaries, Saxon Mortgage, Inc., and
America's MoneyLine, Inc. originate and purchase loans through
wholesale, correspondent and retail business channels. Saxon currently
originates and purchases loans throughout the United States through
its network of brokers, correspondents, and retail branches. 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.saxoncapitalinc.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
November 21, 2005. Saxon undertakes no duty to update any
forward-looking statement to conform the statement to actual results
or changes in the company's expectations.