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Delta Financial Corp. Profile
Last Updated Wednesday, January 16, 2013 12:25 PM Texas Time


Delta to File Bankruptcy
Seven months ago, Delta Financial Corp. was touting how its disciplined underwriting left it profitable with record originations. Today, the company said it will probably collapse and file bankruptcy.


Company Name:

Delta Financial Corp.


Parent:

Delta Financial Corp.


Stock Symbol:


DFC

Headquarters Address:

1000 Woodbury Road
Woodbury, NY. 11797


Number of Employees:


586 as of Nov. 8, 2007


Web site:

www.DeltaFinancial.com


Chairman of the Board:


Hugh Miller

President:

Hugh Miller


CEO

Hugh Miller


Residential Production:

2006: $4.0 billion
2005: $3.8 billion


Loan Portfolio:

$7.675 billion as of 6/30/2007

Latest news about Delta Financial Corp.:

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Alumni, Kevin and Lisa Crichton Pledge a Generous Donation to Rowan University...
Alpha Phi Delta Fraternity a group providing service to the community and humanity. The fraternity's motto is "faciamus," a Latin word meaning "we do", a motto that follows his
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Big Lenders Face HUD Actions - Recent FHA mortgagee actions | Sept. 10, 2012...
Their FHA approvals were each withdrawn for one year. Axiom Mortgage Bankers Corp. Irvine, Calif. Delta Home and Lending Inc. Sacramento, Calif. First Home Mortgage Inc. Jonesboro
www.mortgagedaily.com/MortgageeActions091012.asp
 
Enormous Liability Poses Problem for FHA Lending - Wave of lenders cut back on...
And so there's a huge delta in costs for servicing an FHA loan when it ... typical investor putbacks," Stevens said. "And that's the real delta. "And we've never had to deal with that
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Bank Toll Reaches 90 - Recent mortgage-related operations to close or fail...
The NCUA said First Delta Federal Credit Union, which failed in October ... been merged with Shreveport Federal Credit Union. First Delta, which operated in Marks Miss., had less than
www.mortgagedaily.com/Closings071010.asp
 
Mortgage Mergers Jump - Recent mergers and acquisitions | MortgageDaily.com
October acquisition of Delta Trust Mortgage Corp. by Evolve Bank & Trust. San Ramon, Calif.-based CMG Mortgage Inc. acquired Kirkland, Wash.-based Northwest Financial Advisors,
www.mortgagedaily.com/Mergers111109.asp
 
15 Casualties in Deadly Week - Recent mortgage-related operations to close...
First Delta Federal Credit Union in Marks, Miss. The $5 million institution, which has 5,500 members, will continue to operate under the control of the NCUA. The Mortgage Lender
www.mortgagedaily.com/Closings110209.asp
 
Nearly 20 New M&A Deals - Recent mergers, acquisitions and investments...
Bancorp Inc. First Delta Bankshares Inc., Bank of Trumann, First National Bank Federal Reserve Bank of St. Louis Merger. St. Jacob Bancshares Inc. State Bank of St. Jacob Federal
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Banks Hammered With Regulatory Orders - Recent regulatory actions | MortgageDaily....
Cease-and-desist orders against the following companies: Valley Capital Bank, N.A., Mesa, Ariz.; Delta Bank, N.A., Manteca, Calif.; and Omni National Bank, Atlanta. The regulator
www.mortgagedaily.com/Regulatory112608.asp
 
Lender Dumps Brokers, Expands FHA Retail - Ideal Mortgage to end wholesale...
American Home Mortgage, Delta Financial Corp. and New Century Financial Corp. The company recently moved its operations into the former offices of American Home. At the end of
www.mortgagedaily.com/ClosureIdeal072908.asp
 
RMBS Ratings Actions - Recent MBS and servicer ratings activity | MortgageDaily...
Ratings downgraded classes of the following subprime RMBS: 17 classes from 15 Delta Funding RMBS securitized from 1997 to 2001 with 60-day delinquency falling between 21.4 percent
www.mortgagedaily.com/Ratings061108.asp
 
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