January 31, 2008 10:30

The corporate slogan of the month award goes to ... Oxford Funding Corp.

Houston-based Oxford "is a publicly traded Asset Resolution company specializing in the purchase and management of individual and bulk loan portfolios consisting primarily of Sub-Performing, and Non-Performing Residential and Commercial loans." I went to its website after reading a post at Calculated Risk about Oxford buying a bunch of mortgages from an unnamed bankrupt lender for "approximately 30% of the collateral value." Now that sounds like a nice business.