| Business Summary | | Delta
Financial
Corporation
is
a
specialty
consumer
finance
company
that
has
engaged
in
originating,
acquiring,
selling
and
servicing
non-conforming
home
equity
loans
since
1982.
Throughout
its
operating
history,
Delta
has
focused
on
lending
to
individuals
who
generally
do
not
qualify
for
conforming
credit.
The
Company
makes
loans
to
these
borrowers
for
such
purposes
as
debt
consolidation,
home
improvement,
refinancing
or
education,
and
these
loans
are
primarily
secured
by
first
mortgages
on
one-
to
four-family
residential
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Delta
Financial
Corp.
is
engaged
in
originating,
selling,
servicing
and
investing
in
residential
first
and
second
mortgages.
For
the
three
months
ended
3/31/01,
negative
revenues
totaled
$3
million
vs.
revenues
of
$35.9
million.
Net
loss
totaled
$33.8
million,
vs.
income
of
$1.8
million.
Revenues
reflect
the
Company's
writedown
of
residual
certificates
sold
under
a
forward
purchase
agreement.
Net
loss
also
reflect
increased
S/G/A
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
25,065;
after
tax
earnings
were
-16,528. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Sidney Miller, 65 Chairman | $700K | Hugh Miller, 36 Pres,
CEO, Director | 705K | Richard Blass, 36 Exec.
VP, CFO, Treasurer, | 681K | Randall Michaels, 40 Exec.
VP of Sales and Marketing | 615K | Christopher Donnelly, 39 Exec.
VP, Originations Operations | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|