Delta Financial Corp. (DFC) announced it has securitized $950 million of mortgage loans through its subsidiary, Renaissance Mortgage Acceptance Corp. - the Renaissance Home Equity Loan Trust 2007-1. Standard & Poor's Ratings Services and Moody's Investors Services, Inc. rated the securities. The securitization was co-lead managed by Citigroup and Banc of America Securities LLC and co-managed by RBS Greenwich Capital, JPMorgan and Deutsche Bank Securities.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.