Delta Financial Corp., Woodbury, N.Y., has reported net income of $17.6 million ($1.04 per share) for 2002, compared with a net loss of $80.5 million ($5.07 per share) in 2001.(The net loss excluded an extraordinary item totaling $19.3 million for the early extinguishment of debt.) For the fourth quarter, Delta reported net income of $4.7 million ($0.28 per share), compared with a net loss of $3.4 million ($0.21 per share) a year earlier. Mortgage originations totaled $872 million in 2002, up 40% from $622 million the year before, Delta said. Originations for the fourth quarter totaled $258 million, up 86% from $139 million a year earlier. Delta can be found online at http://www.deltafinancial.com.
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