Saxon Capital, Inc. Announces Second Quarter 2006 Earnings Release and Conference Call
July 26 2006 - 3:49PM
Business Wire
Saxon Capital, Inc. ("Saxon" or the "Company") (NYSE:SAX), a
residential mortgage lending and servicing real estate investment
trust (REIT), today announced that it will report its second
quarter 2006 operating results after the market closes on Tuesday,
August 8, 2006, and will hold its quarterly conference call to
discuss these results on Wednesday, August 9, 2006 at 1:00 p.m.
Eastern Time. Investors wishing to participate in the conference
call may contact Ms. Meagan Green at (804) 935-5281 for details
regarding the call. This call is being web cast by Thomson
Financial 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 mortgage
loan production subsidiary, Saxon Mortgage, Inc., originates and
purchases mortgage 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 July 26, 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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