Oxford Funding Corp., Houston, has announced an agreement by its hedge fund to purchase its first pool of mortgages. The hedge fund, Oxford Opportunistic Mortgage Fund, remains open and has not been fully subscribed, but it will purchase a mortgage pool with a principal balance of approximately $5.3 million, Oxford Funding said. The company said the hedge fund will invest in mortgages bought at "substantial discounts" in the secondary market. The company can be found on the Web at http://www.oxfordfunding.com.
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