THIRD SUPPLEMENTAL INDENTURE
THIRD SUPPLEMENTAL INDENTURE dated as of March 16, 2001 among Delta
Financial Corporation, a Delaware corporation (the "Company"), as issuer, each
of Delta Funding Corporation, a New York corporation, DF Special Holdings
Corporation, a Delaware corporation, Fidelity Mortgage Inc., a Delaware
corporation, DFC Financial Corporation, a Delaware corporation, XXX Xxxxxxxxx xx
Xxxxxx Xxxxxxx, xx Xxxxxxx, Xxxxxx corporation, DFC Funding of Canada Limited,
an Ontario, Canada corporation, Continental Property Management Corp., a New
York corporation, Delta Funding Residual Holding Trust 2000-1, a Delaware trust,
Delta Funding Residual Holding Trust 2000-2, a Delaware trust (collectively, the
"Subsidiary Guarantors") and U.S. Bank Trust National Association, a national
banking association incorporated under the laws of the United States, as trustee
(the "Trustee") under the Indenture referred to below.
WHEREAS, the Company, the Subsidiary Guarantors and the Trustee have
previously entered into an Indenture dated as of December 21, 2000, as amended
(the "Indenture") relating to the Company's 9 1/2% Senior Secured Notes Due 2004
(the "Notes");
WHEREAS, Section 9.02 of the Indenture provides that the Company, the
Subsidiary Guarantors and the Trustee may, with the written consent of the
holders of at least a majority in principal amount of the outstanding Notes,
amend or supplement the Indenture as provided herein;
WHEREAS, the holders of a majority in principal amount of the
outstanding Notes have consented to this Third Supplemental Indenture and agreed
to amend the Indenture as set forth herein; and
WHEREAS, all acts and things prescribed by law and by the Company's and
the Subsidiary Guarantors' Certificates of Incorporation and By-laws (each as
now in effect) necessary to make this Third Supplemental Indenture a valid
instrument legally binding on the Company and the Subsidiary Guarantors for the
purposes herein expressed, in accordance with its terms, have been duly done and
performed.
NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the
Company, the Subsidiary Guarantors and the Trustee hereby agree for the benefit
of each other and the equal and ratable benefit of the holders of the Notes as
follows:
1. AMENDMENTS.
(a) Section 1.01 of the Indenture is hereby amended by adding the
following definition after the definition of "Custodian":
"'EXCHANGE OFFER' means an exchange offer to be undertaken by the
Company pursuant to which (i) the Senior Notes will be exchanged for
interests in a liquidating trust to be formed by the Company, which
liquidating trust shall hold either the Owner Trust Certificates or the
Residual Receivables held in the 2000-1 Trust and the 2000-2 Trust
immediately prior to the consummation of such exchange offer and, (ii)
except for other rights and benefits to be provided in such exchange
offer, and subject to the consummation of the exchange offer and all
conditions thereunder being satisfied without any contingency, all
remaining or future claims arising under the Senior Notes will be
released and extinguished, including the right to payment of principal
and accrued interest under the Senior Notes, all on terms and
conditions and in form and content reasonably satisfactory to the
Holders that participate in such exchange offer."
(b) Section 1.01 of the Indenture is hereby amended by adding the
following definition after the definition of "Legal Holiday":
"'LETTER OF INTENT' means that certain Letter of Intent attached hereto
as Exhibit N."
(c) Section 1.01 of the Indenture is hereby amended by adding the
following definition after the definition of "Original Notes":
"'OWNER TRUST CERTIFICATES' means, collectively (i) the certificates
issued under the 2000-1 Trust Agreement evidencing beneficial ownership
interests in the 2000-1 Trust and (ii) the certificates issued under
the 2000-2 Trust Agreement evidencing beneficial ownership interest in
the 2000-2 Trust."
(d) The definition of "Pledge Agreement" set forth in Section 1.01 of
the Indenture is hereby deleted in its entirety and replaced by the following:
"PLEDGE AGREEMENT" means any of (i) those certain Pledge Agreements
dated as of the date of this Indenture and substantially in the forms
attached as Exhibits C and D hereto, as such agreements may be amended,
modified or supplemented from time to time and (ii) those certain
Pledge Agreements dated as of March 16, 2001 by Delta Funding or DF
Special Holdings in favor of the Trustee as Collateral Agent."
(e) Section 4.17 of the Indenture is hereby deleted in its entirety
and replaced by the following:
"SECTION 4.17 Maintenance of Residual Receivables Pending Exchange
Offer.
The Company, Delta Funding and DF Special Holdings shall cause all
Residual Receivables owned as of March 15, 2001 by the 2000-1 Trust and
the 2000-2 Trust to remain owned by such Trusts until the consummation
of the Exchange Offer (other than (i) the release and transfer to DF
Special Holdings from the 2000-1 Trust of the Residual Receivables set
forth on Schedule 4.17(A) and the deposit by DF Special Holdings into
the 2000-1 Trust of the Residual Receivables set forth on Schedule
4.17(B) and (ii) the release and transfer to Delta Funding from the
2000-2 Trust of the Residual Receivables set forth on Schedule 4.17(C)
and the deposit by Delta Funding into the 2000-2 Trust of the Residual
Receivables set forth on Schedule 4.17(D). Schedule 4.17(E) lists the
underlying certificates for all Residual Receivables required to be
maintained on deposit with the Residual Collateral Trusts in order to
satisfy the requirements of the foregoing sentence.
After giving effect to (i) the release and transfer to DF Special
Holdings from the 2000-1 Trust of the Residual Receivables set forth on
Schedule 4.17(A) and the deposit by DF Special Holdings into the 2000-1
Trust of the Residual Receivables set forth on Schedule 4.17(B) and
(ii) the release and transfer to Delta Funding from the 2000-2 Trust of
the Residual Receivables set forth on Schedule 4.17(C) and the deposit
by Delta Funding into the 2000-2 Trust of the Residual Receivables set
forth on Schedule 4.17(D), the Residual Receivables then remaining in
the 2000-1 Trust and the 2000-2 Trust are and were free and clear of
liens and had an aggregate unaudited book value of approximately $152
million as of December 31, 2000; included in such Residual Receivables
are Senior Residual Receivables which had an aggregate book value of
approximately $75 million as of December 31, 2000.
For the purposes of this Section 4.17, the Company valued (i) Senior
Residual Receivables using a discount rate of 12% and (ii) all other
Residual Receivables using a discount rate of 18%. The other
assumptions and methodology used by the Company in valuing Senior
Residual Receivables and other Residual Receivables were those which
are used by the Company in establishing the book value of such Senior
Residual Receivables and other Residual Receivables in its annual
audited consolidated financial statements prepared in accordance with
GAAP consistently applied.
The foregoing is collectively referred to as the Residual Receivable
Maintenance Requirement"
(f) Section 4.24 of the Indenture is hereby deleted in its entirety
and replaced by the following:
"SECTION 4.24. DELETED."
(g) Paragraph (a) of Section 4.27 of the Indenture is hereby deleted in
its entirety and replaced by the following:
"(a) DELETED."
(h) Section 6.01 of the Indenture is hereby amended by adding the
following at the end thereof:
"(l) the Company or any of its affiliates fails in a material way
to perform any of the undertakings set forth in the Letter of Intent
on or before July 31, 2001; or
(m) the Company fails to conclude the Exchange Offer described in the
Letter of Intent on or before July 31, 2001; or
(n) Delta Funding fails to conclude the transfer of actual servicing
for the entirety of the mortgage loans underlying Residual Receivables
listed on Schedule 4.17(E) to Ocwen Federal Bank, FSB on or before July
31, 2001."
2. EFFECTIVENESS. This Third Supplemental Indenture shall be effective
as of the date hereof.
3. CONSTRUCTION. For all purposes of this Third Supplemental Indenture,
except as otherwise herein expressly provided or unless the context otherwise
requires: (i) the terms and expressions used herein shall have the same meanings
as corresponding terms and expressions used in the Indenture; and (ii) the words
"herein," "hereof" and "hereby" and other words of similar import used in this
Third Supplemental Indenture refer to this Third Supplemental Indenture as a
whole and not to any particular Section hereof.
4. TRUSTEE ACCEPTANCE. The Trustee accepts the amendment of the
Indenture effected by this Third Supplemental Indenture and agrees to execute
the trust created by the Indenture, as hereby amended, but only upon the terms
and conditions set forth in the Indenture, as hereby amended, including the
terms and provisions defining and limiting the liabilities and responsibilities
of the Trustee, which terms and provisions shall in like manner define and limit
its liabilities and responsibilities in the performance of the trust created by
the Indenture, as hereby amended. Without limiting the generality of the
foregoing, the Trustee has no responsibility for the correctness of the recitals
of fact herein contained which shall be taken as the statements of the Company
and makes no representations as to the validity, enforceability against the
Company, or sufficiency of this Third Supplemental Indenture.
5. INDEMNIFICATION OF TRUSTEE. The Company shall indemnify the Trustee
against any and all losses, liabilities or expenses, including taxes (other than
taxes based upon, measured by or determined by the income of the Trustee)
incurred by the Trustee arising out of or resulting from the execution of this
Third Supplemental Indenture, including the costs and expenses of enforcing this
Third Supplemental Indenture against the Company (including this Section 5) and
defending itself against any claim (whether asserted by the Company or any
Holder or any other person) or liability in connection with the exercise or
performance of any of its powers or duties hereunder, except to the extent any
such loss, liability or expense may be attributable to the Trustee's negligence,
bad faith or willful misconduct.
6. OWNER TRUSTEE. It is expressly understood and agreed by the parties
that (a) this Third Supplemental Indenture is executed and delivered by
Wilmington Trust Company, not individually or personally, but solely as Owner
Trustee, in the exercise of the powers and authority conferred and vested in it,
pursuant to the 2000-1 Trust Agreement and the 2000-2 Trust Agreement, (b) each
of the representations, undertakings and agreements herein made on the part of
the Trusts is made and intended not as personal representations, undertakings
and agreements by Wilmington Trust Company but is made and intended for the
purpose for binding only the Trusts, (c) nothing herein contained shall be
construed as creating any liability on Wilmington Trust Company, individually or
personally, to perform any covenant either expressed or implied contained
herein, all such liability, if any, being expressly waived by the parties hereto
and by any person claiming by, through or under the parties hereto, and (d)
under no circumstances shall Wilmington Trust Company be personally liable for
the payment of any indebtedness or expenses of the Trusts or be liable for the
breach or failure of any obligation, representation, warranty or covenant made
or undertaken by the Trusts under this Third Supplemental Indenture or any other
related documents.
7. INDENTURE RATIFIED. Except as expressly amended hereby, the
Indenture is in all respects ratified and confirmed and all the terms,
conditions and provisions thereof shall remain in full force and effect.
8. HOLDERS BOUND. This Third Supplemental Indenture shall form a part
of the Indenture for all purposes, and every Holder of the Notes heretofore or
hereafter authenticated and delivered shall be bound hereby.
9. SUCCESSORS AND ASSIGNS. This Third Supplemental Indenture shall be
binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns.
10. COUNTERPARTS. This Third Supplemental Indenture may be executed in
any number of counterparts, each of which when so executed shall be deemed to be
an original, and all of such counterparts shall together constitute one and the
same instrument.
11. GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL
GOVERN AND BE USED TO CONSTRUE THIS THIRD SUPPLEMENTAL INDENTURE WITHOUT REGARD
TO PRINCIPLES OF CONFLICTS OF LAW THEREOF.
IN WITNESS WHEREOF, the Company, the Subsidiary Guarantors and the
Trustee have caused this Third Supplemental Indenture to be signed and executed
as of the day and year first above written.
DELTA FINANCIAL CORPORATION
By: /S/ XXXX X. XXXXXX
-------------------------------
Name: Xxxx X. Xxxxxx
Title: Senior Vice President
DELTA FUNDING CORPORATION
By: /S/ XXXX X. XXXXXX
-------------------------------
Name: Xxxx X. Xxxxxx
Title: Senior Vice President
DF SPECIAL HOLDINGS CORPORATION
By: /S/ XXXX X. XXXXXX
-------------------------------
Name: Xxxx X. Xxxxxx
Title: Senior Vice President
FIDELITY MORTGAGE INC.
By: /S/ XXXX X. XXXXXX
-------------------------------
Name: Xxxx X. Xxxxxx
Title: Senior Vice President
DFC FINANCIAL CORPORATION
By: /S/ XXXX X. XXXXXX
-------------------------------
Name: Xxxx X. Xxxxxx
Title: Senior Vice President
DFC FINANCIAL OF CANADA LIMITED
By: /S/ XXXX X. XXXXXX
-------------------------------
Name: Xxxx X. Xxxxxx
Title: Senior Vice President
DFC FUNDING OF CANADA LIMITED
By: /S/ XXXX X. XXXXXX
-------------------------------
Name: Xxxx X. Xxxxxx
Title: Senior Vice President
CONTINENTAL PROPERTY MANAGEMENT CORP.
By: /S/ XXXX X. XXXXXX
-------------------------------
Name: Xxxx X. Xxxxxx
Title: Senior Vice President
DELTA FUNDING RESIDUAL HOLDING TRUST 2000-1
By: WILMINGTON TRUST COMPANY, not in
its individual capacity but solely as
Owner Trustee
By: /S/ XXXXXXXX X. XXXXXXX
-------------------------------
Name: Xxxxxxxx X. Xxxxxxx
Title: Assistant Vice President
DELTA FUNDING RESIDUAL HOLDING TRUST 2000-2
By: WILMINGTON TRUST COMPANY, not in
its individual capacity but solely as
Owner Trustee
By: /S/ XXXXXXXX X. XXXXXXX
-------------------------------
Name: Xxxxxxxx X. Xxxxxxx
Title: Assistant Vice President
U.S. BANK TRUST NATIONAL ASSOCIATION,
Indenture Trustee
By: /S/ XXXXX X. XXXXXX
-------------------------------
Name: Xxxxx X. Xxxxxx
Title: Trust Officer
SCHEDULE 4.17(A)
----------------
RELEASED RESIDUAL RECEIVABLES 2000-1 TRUST
ISSUER SERIES CLASS PERCENTAGE INTEREST
------ ------ ----- -------------------
Delta Funding Home Equity Loan 1999-3 BIO 100%
Trust 1999-3, Home Equity Loan
Asset-Backed Certificates
Delta Funding Home Equity Loan 1999-3 R-1 99.999999%
Trust 1999-3, Home Equity Loan
Asset-Backed Certificates
Delta Funding Home Equity Loan 1999-3 R-2 99.999999%
Trust 1999-3, Home Equity Loan
Asset-Backed Certificates
Delta Funding Home Equity Loan 1999-3 R-3 99.999999%
Trust 1999-3, Home Equity Loan
Asset-Backed Certificates
SCHEDULE 4.17(B)
----------------
DEPOSITED RESIDUAL RECEIVABLES 2000-1 TRUST
ISSUER SERIES CLASS PERCENTAGE INTEREST
------ ------ ----- -------------------
Delta Funding Home Equity Loan 1998-2 R-1 99.999999%
Asset-Backed Certificates
Delta Funding Home Equity Loan 1998-2 R-2 99.999999%
Asset-Backed Certificates
SCHEDULE 4.17(C)
----------------
RELEASED RESIDUAL RECEIVABLES 2000-2 TRUST
ISSUER SERIES CLASS PERCENTAGE INTEREST
------ ------ ----- -------------------
Delta Funding Home Equity Loan 1999-3 R-1 0.000001%
Trust 1999-3, Home Equity Loan
Asset-Backed Certificates
Delta Funding Home Equity Loan 1999-3 R-2 0.000001%
Trust 1999-3, Home Equity Loan
Asset-Backed Certificates
Delta Funding Home Equity Loan 1999-3 R-3 0.000001%
Trust 1999-3, Home Equity Loan
Asset-Backed Certificates
Delta Funding Home Equity Loan 1996-2 R 99.999999%
Trust 1996-2, Home Equity Loan
Pass-Through Certificates
SCHEDULE 4.17(D)
DEPOSITED RESIDUAL RECEIVABLES 2000-2 TRUST
None.
SCHEDULE 4.17(E)
----------------
RESIDUAL RECEIVABLES DEPOSITED IN THE COLLATERAL TRUSTS
---------------------------------------------------- ------------------ ---------------- ----------------------------
RESIDUAL CLASS OWNERSHIP TRUSTEE
INTEREST
---------------------------------------------------- ------------------ ---------------- ----------------------------
CTS Home Equity Loan Trust 1994-2, Mortgage Class R 75% Bankers Trust Company of
Pass-Through Certificate, SERIES 1994-2 California, N.A.
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1995-2, Home Class R 99.999999% Xxxxx Fargo Bank
Equity Loan Asset-Backed Certificates, Minnesota, National
SERIES 1995-2 Association ("Xxxxx Fargo")
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1997-4, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1997-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1997-4, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1997-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-1, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-1, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-2, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-2, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-3, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-3, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-3, Home Class R-3 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-4, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-4, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-4, Home Class R-3 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-1, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-1, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-1, Home Class R-3 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-2, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-2, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-2, Home Class R-3 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-2
---------------------------------------------------- ------------------ ---------------- -------------------------------------------
Delta Funding Home Equity Loan Trust 2000-1, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-1, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-1, Home Class R-3 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-2, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-2, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-2, Home Class R-3 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-3, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-3, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-3, Home Class R-3 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-4, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-4, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-4, Home Class R-3 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1997-3, Home Class R-1 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1997-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1997-3, Home Class R-2 0.000001% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1997-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-2, Home Class R-1 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-2, Home Class R-2 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-3, Home Class R-1 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-3, Home Class R-2 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-3, Home Class R-3 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-4, Home Class R-1 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-4, Home Class R-2 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1998-4, Home Class R-3 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1998-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-1, Home Class R-1 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-1, Home Class R-2 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-1, Home Class R-3 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-2, Home Class R-1 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-2, Home Class R-2 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-2, Home Class R-3 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 1999-2, Home Class BIO 100% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 1999-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-1, Home Class R-1 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-1, Home Class R-2 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-1, Home Class R-3 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-1, Home Class BIO 100% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-1
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-2, Home Class R-1 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-2, Home Class R-2 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-2, Home Class R-3 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-2, Home Class BIO 100% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-2
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-3, Home Class R-1 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-3, Home Class R-2 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-3, Home Class R-3 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-3, Home Class BIO 100% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-3
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-4, Home Class R-1 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-4, Home Class R-2 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-4, Home Class R-3 99.999999% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding Home Equity Loan Trust 2000-4, Home Class BIO 100% Xxxxx Fargo
Equity Loan Asset-Backed Certificates,
SERIES 2000-4
---------------------------------------------------- ------------------ ---------------- ----------------------------
Delta Funding NIM Trust 2000-1, Owner Trust 100% Xxxxx Fargo
Certificate
---------------------------------------------------- ------------------ ---------------- ----------------------------
