Saxon Capital, Inc. Announces First Quarter 2006 Earnings Release and Conference Call
28 Abril 2006 - 4:08PM
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 first quarter
2006 operating results after the market closes on Monday, May 8,
2006, and will hold its quarterly conference call to discuss these
results on Tuesday, May 9, 2006 at 9:00 a.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
December 31, 2005, Saxon's servicing subsidiary, Saxon Mortgage
Services, Inc., serviced a mortgage loan portfolio of $24.8
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 April 28, 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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