Oxford Funding to acquire Huntington FinancialMortgagePress.comTexas mortgage brokers
Oxford Funding Corporation has entered into a letter of intent
to acquire Huntington Financial Corporation.
"Huntington brings access to funding and will provide a key
element to Oxford's growth strategy, particularly as we see
increased volume in underperforming mortgage portfolios," said
Oxford CEO Ron Redd. "Our board and management strongly believe
that this acquisition is in the best long-term interests of our
shareholders, clients and employees."
Houston-based Oxford Funding Corporation is a publicly traded
asset resolution company specializing in the acquisition,
origination and servicing of mortgage loans. For more information,
call (713) 975-9602 or visit www.oxfordfunding.com.
Huntington Financial Corporation is a commercial and residential
mortgage broker based in Houston.