|
|
Article: Delta Financial Announces Securitization Backed by $750 Million in Mortgage Loans.
- Article from:
- Business Wire
- Article date:
- June 8, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
WOODBURY, N.Y. -- Delta Financial Corporation (Amex: DFC) today announced it has priced a securitization backed by $750 million of mortgage loans through its subsidiary, Renaissance Mortgage Acceptance Corp. The Renaissance Home Equity Loan Trust 2005-2 is a senior subordinate structure, with fully funded over-collateralization (credit enhancement) at closing.
Standard & Poor's, Moody's Investors Services, Inc. and Dominion Bond Rating Service rated the securities. The securitization was co-lead managed by RBS Greenwich Capital Markets, Inc. and Citicorp Global Markets, and co-managed by Friedman, Billings, Ramsey Group.
About the Company
...