Corporate Profile for Delta Financial Corp., dated Nov. 15, 2001.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Thursday, Nov. 15, 2001
Company Name: Delta Financial Corp.
Address: 1000 Woodbury Road
Woodbury, N.Y. 11797
Main Telephone
Number: 516/364-8500
Internet Home
Page Address
(URL): www.deltafinancial.com
Chief Executive
Officer: Hugh Miller
Chief Financial
Officer: Richard Blass
Investor Relations
Contact: James Ferri
Business number: 516/364-8500
Trading Symbol/
Exchange: OTCBB:DLTO
Industry: Specialty Finance
Company description: Delta Financial Corporation is a specialty consumer finance company engaged in originating, acquiring, selling and servicing non-conforming home equity loans. The company, which is headquartered in Woodbury Woodbury. 1 Residential city (1990 pop. 10,904), seat of Gloucester co., SW N.J., in the Philadelphia–Camden metropolitan area; settled 1683, inc. as a city 1871. It is a trade and service center, and petrochemical companies are nearby. , N.Y., began operations in 1982 and went public in an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in November November: see month. 1996. The company originates loans primarily in 22 states through a network of approximately 1,150 brokers and correspondents, through its Fidelity Mortgage retail operation with 15 branches in nine states and in Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of through a strategic alliance with a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. mortgage lender. The company's home equity loans are mainly used by borrowers for debt consolidation and are primarily secured by first mortgages on one-to-four family residential properties. The company has serviced substantially all of its loans since its inception. As of Sept. 30, 1998, the servicing portfolio was approximately $2.7 billion. Since 1991, the company has sold over $3.8 billion of its mortgages through 20 AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. rated securitizations. |
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