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Article: Delta Financial Announces Securitization Backed by $825 Million in Mortgage Loans.
- Article from:
- Business Wire
- Article date:
- June 12, 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 $825 million of mortgage loans through its subsidiary, Renaissance Mortgage Acceptance Corp. The Renaissance Home Equity Loan Trust 2006-2 is a senior subordinate structure.
Standard & Poor's Ratings Services and Moody's Investors Services, Inc. rated the securities. The securitization was co-lead managed by RBS Greenwich Capital and Citigroup and co-managed by Banc of America Securities LLC and JPMorgan.
About the Company
Founded in 1982, Delta Financial Corporation is a national specialty consumer finance company, based in ...