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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