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June 7th, 2005

Delta Financial Announces Securitization Backed by $750 Million in Mortgage Loans (Business Wire via Yahoo! Finance)

Delta Financial Corporation 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 at closing.

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