Saxon Capital, Inc. Announces Fourth Quarter 2004 and Year Ended Decem

    Business Editors

    GLEN ALLEN, Va.--(BUSINESS WIRE)--Jan. 19, 2005--Saxon Capital, Inc. ("Saxon") (NASDAQ:SAXN), a residential mortgage lending and servicing company, will report its year ended December 31, 2004 and fourth quarter 2004 operating results after the market closes on Thursday, February 3, 2005, and will hold its quarterly conference call to discuss fourth quarter and year end results on Friday, February 4, 2005 at 11:00 a.m. Eastern Time.
    Individuals wishing to participate in the conference call may contact Bobbi Roberts at (804) 967-7879, or Katie Soule at (804) 967-5809 to receive details regarding the call.
    This call is being web cast by CCBN 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 is 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 in 49 states, through its network of approximately 4,000 brokers, 350 correspondents, and 25 retail branches. As of September 30, 2004, Saxon's servicing subsidiary, Saxon Mortgage Services, Inc., serviced a mortgage loan portfolio of $16.1 billion. For more information, visit www.saxoncapitalinc.com.

    Information Regarding Forward Looking Statements

    Statements in this news release reflecting our future, plans and strategies, 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 our future plans. Saxon's actual results and the timing and occurrence of expected events could differ materially from our 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 January 19, 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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CONTACT: Saxon Capital, Inc. Bobbi J. Roberts, 804-967-7879 InvestorRelations@saxonmtg.com

KEYWORD: VIRGINIA INDUSTRY KEYWORD: BANKING EARNINGS CONFERENCE CALLS SOURCE: Saxon Capital, Inc.

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