PROFILE |
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Change is in the air at Delta Financial. The mortgage finance company, charged with predatory lending practices and hit by recent interest rate hikes, is cutting back its operations and cleaning up its act. Delta is the parent of Delta funding, which buys loans from brokers and other mortgage bankers, and Fidelity Mortgage, which recruits borrowers directly via telemarketing and a small network of loan offices. These operations fund, service, securitize, and sell subprime home mortgage and home equity loans, targeting those with impaired credit. Founder and Chairman Sydney Miller, his son, president and CEO Hugh Miller, and their family own about 90% of the company.
COMPETITION |
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STOCK ANALYSIS |
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FURTHER ANALYSIS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 119.00
1-Yr. Sales Growth: (23.1)%
Employees: 851
Revenue per employee: $139,835.49
KEY PEOPLE |
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Hugh Miller
CEO
Richard Blass
CFO
CONTACT INFO |
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1000 Woodbury Rd., Ste. 200
Woodbury, NY 11797
US
Phone: 516-364-8500
Fax: 516-364-9459
Online: Web Site
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