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Article: Delta Financial Announces Securitization Backed by $875 Million in Mortgage Loans.
- Article from:
- Business Wire
- Article date:
- March 7, 2006
CopyrightCOPYRIGHT 2006 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)
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WOODBURY, N.Y. -- Delta Financial Corporation (Amex:DFC) today announced it has priced a securitization backed by $875 million of mortgage loans through its subsidiary, Renaissance Mortgage Acceptance Corp. The Renaissance Home Equity Loan Trust 2006-1 is a senior subordinate structure.
Standard & Poor's Ratings Services, Moody's Investors Services, Inc. and Fitch Ratings rated the securities. The securitization was co-lead managed by Citigroup and Banc of America Securities LLC and co-managed by RBS Greenwich Capital and Friedman Billings Ramsey.
About the Company
Founded in 1982, Delta Financial Corporation is a national specialty consumer ...