Delta Boosts Warehouse Capacity

Delta Financial Corp., a Woodbury, N.Y.-based company that originates, securitizes, and sells nonconforming residential mortgage loans, has announced a $350 million committed warehouse line of credit from Bank of America.Delta said the additional LOC brings its total funding capacity to $1.25 billion through four financing providers. Hugh Miller, Delta's president and chief executive officer, said Delta expects to achieve at least 25% growth in loan origination volume from the $2.6 billion recorded in 2004. The company can be found on the Web at http://www.deltafinancial.com.