Saxon Capital, Inc. to Present at Morgan Stanley's Small Cap Executive Conference
June 09 2006 - 9:43AM
Business Wire
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.
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