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Delta Financial Execs Plan New Mortgage Venture 

May 21, 2008By

The execs of now-defunct subprime lender Delta Financial Corp. are planning a comeback, according to former Delta CEO Hugh Miller. A group of senior execs from the bankrupt lender are forming Reliance First Capital, LLC, with an eye towards FHA lending as well as some “alternative products,” Miller said in a notice posted to former employees on a company Web site.

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