Delta Boosts Warehouse Capacity

Delta Financial Corp., a finance company based in Woodbury, N.Y., that originates, securitizes, and sells nonconforming residential mortgage loans, has announced a $200 million increase in its warehouse financing capacity.Delta said the additional funding brings its total funding capacity to $900 million through three financing providers. Hugh Miller, Delta's president and chief executive officer, reiterated the company's previous guidance of more than $2.5 billion in loan originations for 2004. The company can be found on the Web at http://www.deltafinancial.com.