Saxon Capital, Inc. Announces Third Quarter 2005 Earnings Release and Conference Call
06 Ottobre 2005 - 9:49PM
Business Wire
Saxon Capital, Inc. ("Saxon") (NYSE:SAX), a residential mortgage
lending and servicing real estate investment trust (REIT), today
announced that it will report its third quarter 2005 operating
results after the market closes on Monday, November 7, 2005, and
will hold its quarterly conference call to discuss third quarter
results on Tuesday, November 8, 2005 at 9:00 a.m. Eastern Time.
Investors wishing to participate in the conference call may contact
Ms. Bobbi Roberts at (804) 967-7879 or Ms. Meagan Evans at (804)
935-5281 for details regarding the call. This call is being web
cast by CCBN/Thomson and can be accessed on Saxon's web site at
www.saxoncapitalinc.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 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 June 30, 2005, Saxon's servicing subsidiary, Saxon
Mortgage Services, Inc., serviced a mortgage loan portfolio of
$24.7 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 October 6, 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.
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