Oxford Funding Corp. (OXFD/OXFD.PK) Wrap Up:

Oxford Funding Corp., an asset resolution company, engages in the purchase and management of bulk mortgage loan portfolios principally in the United States. It buys loan portfolios secured by real estate on a wholesale basis at discounts to face value, and resells the assets on a retail basis with margins. The company acquires mortgage portfolios from banks, mortgage companies, and lenders; restructures and services the loans; and then re-packages the loans for resale. It also acquires performing, under-performing, and non-performing loans. As of December 31, 2007, the company’s portfolio consisted of 20 loans, all of which are available for sale. Oxford Funding Corp., formerly known as Nati...