Delta Funding Residual Liquidating Trust Inactive
Filed: 4 May 01, 12:00am
CTS HOME EQUITY LOAN TRUST
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1994-2
STATEMENT TO CERTIFICATEHOLDERS
Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
Statement posting begins 7:00 PM Eastern time the business day prior to
distribution.
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
A 60,000,000.00 7,410,462.39 51,317.45 239,506.92 290,824.37 0.00 0.00 7,170,955.47
S 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R 0.00 0.00 53,477.72 0.00 53,477.72 0.00 0.00 0.00
TOTALS 60,000,000.00 7,410,462.39 104,795.17 239,506.92 344,302.09 0.00 0.00 7,170,955.47
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
A 123.507707 0.855291 3.991782 4.847073 119.515925 8.310000% 8.310000%
S 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
R 0.000000 0.891295 0.000000 0.891295 0.000000 0.000000% 0.000000%
SELLER: Delta Funding Corporation/Contitrade Services Corporation ADMINISTRATOR:
SERVICER: Delta Funding Corporation
LEAD UNDERWRITER: Contitrade Services Corporation
RECORD DATE: February 28, 2001
DISTRIBUTION DATE: March 26, 2001 FACTOR INFORMATION:
Richard Vieta
Deutsche Bank
1761 E. St. Andrew Place
Santa Ana, CA 92705
(800) 735-7777
CTS HOME EQUITY LOAN TRUST
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1994-2
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: March 26, 2001
TOTAL DISTRIBUTION AMOUNT: 344,302.09
TOTAL PRINCIPAL DISTRIBUTION: 239,506.92
SCHEDULED PRINCIPAL: 19,949.27
PRINCIPAL PREPAYMENTS: 251,697.25
OVERCOLLATERALIZATION INCREASE AMOUNT: 0.00
TOTAL INTEREST DISTRIBUTION: 104,795.17
INSURED PAYMENT INCLUDED IN CURRENT DISTRIBUTION: 0.00
CURRENT REALIZED LOSSES: (7,981.41)
SUBSTITUTION SHORTFALL AMOUNTS: 0.00
CUMULATIVE NUMBER OF LIQUIDATED LOANS: 37
CUMULATIVE PRINCIPAL BALANCE OF LIQUIDATED LOANS: 3,324,653.47
CUMULATIVE REALIZED LOSSES: 1,550,301.55
AS OF PERCENTAGE OF MAXIMUM COLLATERAL BALANCE: 2.58384%
OVERCOLLATERALIZATION REDUCTION AMOUNT: 32,139.60
OVERCOLLATERALIZATION DEFICIT: 0.00
OVERCOLLATERALIZATION DEFICIENCY AMOUNT: 0.00
OVERCOLLATERALIZED AMOUNT: 673,514.95
MONTHLY EXCESS SPREAD: 21,338.12
PRE-FUNDING AMOUNT DISTRIBUTED TO CLASS A CERTIFICATES: 0.00
REMAINING PRE-FUNDING ACCOUNT BALANCE: 0.00
WEIGHTED AVERAGE MORTGAGE RATE: 11.605000%
WEIGHTED AVERAGE REMAINING TERM OF MORTGAGE LOANS: 126
NUMBER OF MORTGAGE LOANS OUTSTANDING: 134
SUM OF PRINCIPAL BALANCES OF THREE LARGEST MORTGAGE LOANS: 578,874.87
CTS HOME EQUITY LOAN TRUST
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1994-2
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: March 26, 2001
DELINQUENCY & LOANS
FORECLOSURE 30 -59 60 -89 90 + IN
INFORMATION DAYS DAYS DAYS FORECLOSURE
PRINCIPAL BALANCE 602,048.13 0.00 873,601.27 491,959.26
NUMBER OF LOANS 7 0 12 8
Note: Quantity and Principal Balance of Foreclosures
are Included in the Delinquency Figures.
NUMBER OF LOANS IN BANKRUPTCY PROCEEDINGS: 8
PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY PROCEEDINGS: 755,266.11
NUMBER OF REO PROPERTIES: 3
PRINCIPAL BALANCE OF REO PROPERTIES: 248,923.64
BOOK VALUE OF REO PROPERTIES: 373,498.88
REO PROPERTY PRINCIPAL BALANCE AS A PERCENT OF TOTAL COLLATERAL AMOUNT: 3.070048%
ADDITIONAL REO INFORMATION: (SEE ATTACHMENTS, IF ANY)
ADDITIONAL FORECLOSURE INFORMATION: (SEE ATTACHMENTS, IF ANY)
CURRENT CLASS A INTEREST SHORTFALL: 0.00
CURRENT CLASS S INTEREST SHORTFALL: 0.00
CTS HOME EQUITY LOAN TRUST
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1994-2
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: March 26, 2001
REO PROPERTIES
STATED PRINCIPAL BALANCE:(as of record date) $248,923.64
PERCENTAGE OF POOL BALANCE 3.1732%
NUMBER OF LOANS: 3
PERCENTAGE OF LOANS 2.23
REO PROPERTIES: TOTAL NUMBER: 3
UNREIMBURSED
ACQUISITION CURRENT DELINQUENCY COST OF SERVICING
LOAN NUMBER DATE BALANCE BOOK VALUE APPRAISAL ADVANCES DISPOSAL ADVANCES
- ----------- ---- ------- ---------- --------- -------- -------- --------
3100171416 $127,219.61 $187,140.86 $14,000.00 $454.46
2900015559 05/14/00 $32,374.88 $48,156.71 $85,000.00 $7,717.53 $9,600.00 $8,644.29
3100179435 12/14/98 $89,329.15 $138,201.31 $150,000.00 $53,696.38 $16,850.00 $8,830.45
NEW LIQUIDATED PROPERTIES: TOTAL NUMBER: 40
LOAN NUMBER DATE OF LIQUIDATION BALANCE REALIZED LOSS
----------- ------------------- ------- -------------
2100001821 02/16/01 $138,000.00 $2,790.00
2900015559 02/15/01 $32,374.88 ($10,809.37)
$37.96
CTS HOME EQUITY LOAN TRUST
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1994-2
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: March 26, 2001
FORECLOSURE PROPERTIES
STATED PRINCIPAL BALANCE:(as of record date) $491,959.26
PERCENTAGE OF POOL BALANCE 6.2714%
NUMBER OF LOANS: 9
PERCENTAGE OF LOANS 6.7164%
FORECLOSURE LOANS (xvi): TOTAL NUMBER: 9
LOAN NUMBER ACTUAL BALANCE ORIGINAL LTV CURRENT LTV PAID TO DATE
----------- -------------- ------------ ----------- ------------
700001027 129,863.12 70% 69% 01-Aug-00
2100001821 0.00 51% 01-Mar-01
2900015724 48,000.00 41% 41% 01-Jul-00
3100169188 44,371.81 60% 58% 01-May-00
3100171291 103,253.28 60% 54% 01-Apr-98
3100174832 59,088.41 48% 47% 22-Jan-97
3100175573 28,834.84 54% 44% 01-Mar-00
3100176118 30,618.88 52% 19% 19-Nov-98
3100176589 47,928.92 40% 80% 06-May-00
0.00
DELTA FUNDING HOME EQUITY LOAN TRUST
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1995-1
STATEMENT TO CERTIFICATEHOLDERS
Statements are available online at http://www-apps.gis.deutsche-bank.com/invr.
Statement posting begins 7:00 PM Eastern time the business day prior to
distribution.
DISTRIBUTIONS IN DOLLARS
PRIOR CURRENT
ORIGINAL PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS FACE VALUE BALANCE INTEREST PRINCIPAL TOTAL LOSSES INTEREST BALANCE
A-1 27,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-2 28,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-3 6,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-4 12,000,000.00 2,844,590.91 18,323.91 50,130.36 68,454.27 0.00 0.00 2,794,460.55
A-5 7,000,000.00 6,999,783.33 45,381.93 0.00 45,381.93 0.00 0.00 6,999,783.33
S 0.00 0.00 7,532.19 0.00 7,532.19 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 80,000,000.00 9,844,374.24 71,238.03 50,130.36 121,368.39 0.00 0.00 9,794,243.88
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PASS-THROUGH
PRIOR CURRENT RATES
PRINCIPAL PRINCIPAL
CLASS CUSIP BALANCE INTEREST PRINCIPAL TOTAL BALANCE CURRENT NEXT
A-1 0.000000 0.000000 0.000000 0.000000 0.000000 7.230000% 7.230000%
A-2 0.000000 0.000000 0.000000 0.000000 0.000000 7.670000% 7.670000%
A-3 0.000000 0.000000 0.000000 0.000000 0.000000 7.490000% 7.490000%
A-4 237.049243 1.526993 4.177530 5.704523 232.871713 7.730000% 7.730000%
A-5 999.969047 6.483133 0.000000 6.483133 999.969047 7.780000% 7.780000%
S 0.000000 0.094152 0.000000 0.094152 0.000000 0.852698% #N/A
R 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000% 0.000000%
SELLER: Delta Funding Corporation/Contitrade Services Corporation ADMINISTRATOR:
SERVICER: Delta Funding Corporation
LEAD UNDERWRITER: Contitrade Services Corporation
RECORD DATE: February 28, 2001
DISTRIBUTION DATE: March 26, 2001 FACTOR INFORMATION:
Richard Vieta
Deutsche Bank
1761 E. St. Andrew Place
Santa Ana, CA 92705
(800) 735-7777
DELTA FUNDING HOME EQUITY LOAN TRUST
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1995-1
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: March 26, 2001
TOTAL DISTRIBUTION AMOUNT: 121,368.39
TOTAL PRINCIPAL DISTRIBUTION: 50,130.36
SCHEDULED PRINCIPAL: 22,313.13
PRINCIPAL PREPAYMENTS: 803.92
OVERCOLLATERALIZATION INCREASE AMOUNT: 27,013.31
TOTAL INTEREST DISTRIBUTION: 71,238.03
INSURED PAYMENT INCLUDED IN CURRENT DISTRIBUTION: 0.00
CURRENT REALIZED LOSSES: (197.40)
SUBSTITUTION SHORTFALL AMOUNTS: 0.00
CUMULATIVE NUMBER OF LIQUIDATED LOANS: 77
CUMULATIVE PRINCIPAL BALANCE OF LIQUIDATED LOANS: 6,018,947.81
CUMULATIVE REALIZED LOSSES: 3,560,472.76
AS OF PERCENTAGE OF MAXIMUM COLLATERAL BALANCE: 4.4506%
OVERCOLLATERALIZATION REDUCTION AMOUNT: 0.00
OVERCOLLATERALIZATION DEFICIT: 0.00
OVERCOLLATERALIZATION DEFICIENCY AMOUNT: 470,574.28
OVERCOLLATERALIZED AMOUNT: 782,669.39
MONTHLY EXCESS SPREAD: 27,013.31
PRE-FUNDING AMOUNT DISTRIBUTED TO CLASS A CERTIFICATES: 0.00
REMAINING PRE-FUNDING ACCOUNT BALANCE: 0.00
WEIGHTED AVERAGE MORTGAGE RATE: 11.915751%
WEIGHTED AVERAGE REMAINING TERM OF MORTGAGE LOANS: 175
NUMBER OF MORTGAGE LOANS OUTSTANDING: 175
SUM OF PRINCIPAL BALANCES OF THREE LARGEST MORTGAGE LOANS: 600,920.70
DELTA FUNDING HOME EQUITY LOAN TRUST
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1995-1
STATEMENT TO CERTIFICATEHOLDERS
Distribution Date: March 26, 2001
DELINQUENCY & LOANS
FORECLOSURE 30 -59 60 -89 90 + IN
INFORMATION DAYS DAYS DAYS FORECLOSURE
PRINCIPAL BALANCE 721,962.49 292,594.40 430,739.59 942,196.71
NUMBER OF LOANS 8 4 6 10
Note: Quantity and Principal Balance of Foreclosures
are Included in the Delinquency Figures.
NUMBER OF LOANS IN BANKRUPTCY PROCEEDINGS: 14
PRINCIPAL BALANCE OF LOANS IN BANKRUPTCY PROCEEDINGS: 1,056,873.28
NUMBER OF REO PROPERTIES: 3
PRINCIPAL BALANCE OF REO PROPERTIES: 149,463.45
BOOK VALUE OF REO PROPERTIES: 0.00
REO PROPERTY PRINCIPAL BALANCE AS A PERCENT OF TOTAL COLLATERAL AMOUNT: 1.413110%
ADDITIONAL REO INFORMATION: (SEE ATTACHMENTS, IF ANY)
ADDITIONAL FORECLOSURE INFORMATION: (SEE ATTACHMENTS, IF ANY)
CURRENT CLASS A INTEREST SHORTFALL: 0.00
CURRENT CLASS S INTEREST SHORTFALL: 0.00
BEGINNING COLLATERAL BALANCE 10,600,030.33
ENDING COLLATERAL BALANCE 10,576,913.28
Delta Funding Corporation
Home Equity Loan Trust
Series 95-2
DISTRIBUTION DATE 4/25/01
THE AVAILABLE FUNDS
-------------------
5.05 (i) Principal $396,680.03
Interest $245,702.26
5.05 (ii)
CUSIP BEGINNING CERTIFICATE INTEREST PRINCIPAL
CLASS 24763L BALANCE RATE DISTRIBUTION DISTRIBUTION ENDING BALANCE
------ ------------------------ -------------- ---------------- ------------ --------------
Class A-1 AA8 $0.00 6.64% $0.00 $0.00 $0.00
Class A-2 AB6 $0.00 6.57% $0.00 $0.00 $0.00
Class A-3 AC4 $1,311,360.36 6.81% $7,441.97 $307,819.64 $1,003,540.72
Class A-4 AD2 $11,297,000.00 7.21% $67,876.14 $0.00 $11,297,000.00
Class A-5 AE0 $12,143,427.06 7.10% $71,848.61 $47,356.87 $12,096,070.20
Class S $24,751,787.42 1.17% $24,033.14 N/A $24,396,610.91
TOTALS $24,751,787.42 $171,199.86 $355,176.51 $24,396,610.91
5.05 (iii) The number and Principal Balances of all Mortgage Loans 7
that were subject to Principal Prepayments during the Due Period $272,897.71
Net Liquidation Proceeds $63,192.67
5.05 (iv) The amount of all Curtailments that were received during the $0.00
Due Period
5.05 (v) The principal portion of all Monthly Payments received $61,371.88
during the Due Period
5.05 (vi) The interest portion of all Monthly Payments received on $97,419.26
the Mortgage Loans during the Due Period
5.05 (vii) The amount of the Monthly Advances and the Compensating Interest $152,734.87
payments to be made on the Determination Date $1,356.75
NUMBER PERCENT PRINCIPAL BALANCE
------ ------- -----------------
5.05 (viii) Delinquent Mortgage Loans :
30 TO 59 DAYS 18 4.057614% $1,133,641.40
60 TO 89 DAYS 11 2.790233% $779,552.71
90 PLUS DAYS 14 3.165545% $884,409.74
FORECLOSURE 32 7.821417% $2,185,196.31
REO 16 4.231417% $1,182,199.76
*NOTE THAT 30, 60, AND 90 DAYS DOES NOT INCLUDE REO OR FORECLOSURE
5.05 (x) The amount of any Insured Payments $0.00
5.05 (xi) The amount distributed to the Class R Certificateholder $112,834.94
5.05 (xii) The Aggregate Principal Balance of the Mortgage Loans (Before Distribution) $28,338,892.57
The Aggregate Principal Balance of the Mortgage Loans (After Distribution) $27,938,622.98
CUSIP BEGINNING BALANCE CERTIFICATE INTEREST PRINCIPAL ENDING BALANCE
CLASS 24763L FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
------ --------------------------- ----------- --------------- --------------- ---------------
Class A-1 AA8 0.000000000 6.64% 0.000000000 0.000000000 0.0000000
Class A-2 AB6 0.000000000 6.57% 0.000000000 0.000000000 0.0000000
Class A-3 AC4 0.082678290 6.81% 0.469199294 19.407328583 0.0632710
Class A-4 AD2 1.000000000 7.21% 6.008333186 0.000000000 1.0000000
Class A-5 AE0 0.346737110 7.10% 2.051527897 1.352203396 0.3453849
Class S 0.165011916 1.17% 0.160220933 0.000000000 0.1626441
5.05 (xiii) The weighted average remaining term to maturity 163
The weighted average Loan Rate 11.3084%
5.05 (xiv) Servicing Fee $5,808.61
Trustee Fee $324.72
Premium Amount $2,846.27
Reimbursement Amount to Certificate Insurer $0.00
5.05 (xv) The amount of all payments or reimbursements to the Servicer $0.00
5.05 (xvi) Overcollateralization Amount $3,542,012.07
Specified Overcollateralization Amount $3,542,012.07
Overcollateralization Increase Amount ($41,503.52)
Monthly Excess Spread $71,331.42
5.05 (xvii) Amounts reimbursable to the Servicer or Seller $0.00
Amount paid to Class R pursuant to Section 5.01(a) (v) $112,834.94
5.05 (xviii) The number of Mortgage Loans outstanding prior to distribution 431
The number of Mortgage Loans outstanding after distribution 424
5.05 (xx) The amount on deposit in the Pre-Funding Account after this Distribution Date $0.00
The amount on deposit in the Capitalized Interest Account after this Distribution Date $0.00
5.05 (xxi) The Amount of Liquidation Losses/(Gain) $2,807.33
Cumulative Liquidation Losses $4,384,137.19
Cumulative Net Losses as percentage of the Initial Collateral Balance 2.9228%
Non-Recoverable Loss Adjustment $782.23
Sum of the Three Largest Loan Balances $815,714.10
Delta Funding Corporation
Home Equity Loan Trust
Series 96-1
Distribution Date 4/25/01
PRINCIPAL INTEREST
--------- --------
5.03 (i) The Available Funds $1,275,438.55 $441,922.88
Interest Advance Recovery $306,837.36
Servicing Advance Recovery $236,495.40
5.03 (ii)
BEGINNING INTEREST PRINCIPAL
CLASS CUSIP 24763L BALANCE RATE DISTRIBUTION DISTRIBUTION ENDING BALANCE
------ ------------ --------------- ------ ------------ ------------ --------------
Class A-1 AF7 $0.00 5.16000% $0.00 $0.00 $0.00
Class A-2 AG5 $0.00 6.81% $0.00 $0.00 $0.00
Class A-3 AH3 $0.00 7.03% $0.00 $0.00 $0.00
Class A-4 AJ9 $0.00 7.23% $0.00 $0.00 $0.00
Class A-5 AK6 $7,484,309.09 7.40% $46,153.24 $1,349,927.27 $6,134,381.82
Class A-6 AL4 $24,110,000.00 7.72% $155,107.67 $0.00 $24,110,000.00
Class A-7 AM2 $15,140,000.00 7.95% $100,302.50 $0.00 $15,140,000.00
TOTALS $46,734,309.09 $301,563.41 $1,349,927.27 $45,384,381.82
**Class A-1 Certificate rate is a variable rate.
5.03 (xii) The Aggregate Principal Balance of the Mortgage Loans(Before Distribution) $51,445,248.76
The Aggregate Principal Balance of the Mortgage Loans(After Distribution) $49,885,351.93
5.03 (iii) The number and Principal Balances of all Mortgage Loans 28
that were subject to Principal Prepayments during the Due Period $1,068,066.89
Net Recovery Proceeds on Liquidated Loans $93,611.70
5.03 (iv) The amount of all Curtailments that were received during the ($29.10)
Due Period
5.03 (v) The principal portion of all Monthly Payments received $107,833.83
during the Due Period
5.03 (vi) The interest portion of all Monthly Payments received on $248,712.49
the Mortgage Loans during the Due Period
5.03 (vii) The amount of the Monthly Advances and the Compensating Interest $206,422.60
payments to be made on the Determination Date $1,756.99
NUMBER PERCENT PRINCIPAL BALANCE
------ ------- -----------------
5.03 (viii) Delinquent Mortgage Loans :
30 TO 59 DAYS 52 7.085917% $3,534,834.71
60 TO 89 DAYS 16 2.858121% $1,425,783.65
90 PLUS DAYS 26 4.055330% $2,023,015.82
FORECLOSURE 63 9.920586% $4,948,919.12
REO PROPERTIES 26 4.069341% $2,030,005.28
*NOTE THAT 30, 60, AND 90 DAYS DOES NOT INCLUDE REO OR FORECLOSURE
5.03 (ix) The amount of any Insured Payments $0.00
5.03 (x) The amount distributed to the Class R Certificateholder $60,903.60
5.03 (xi)
BEGINNING BALANCE CERTIFICATE INTEREST PRINCIPAL ENDING BALANCE
CLASS CUSIP 24763L FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
------ ------------ --------------- ----------- --------------- --------------- ---------------
Class A-1 AF7 0.000000000 5.16000% 0.000000000 0.000000000 0.0000000
Class A-2 AG5 0.000000000 6.81% 0.000000000 0.000000000 0.0000000
Class A-3 AH3 0.000000000 7.03% 0.000000000 0.000000000 0.0000000
Class A-4 AJ9 0.000000000 7.23% 0.000000000 0.000000000 0.0000000
Class A-5 AK6 0.544709541 7.40% 3.359042168 98.247981805 446.4615590
Class A-6 AL4 1.000000000 7.72% 6.433333333 0.000000000 1000.0000000
Class A-7 AM2 1.000000000 7.95% 6.625000000 0.000000000 1000.0000000
**Class A-1 Certificate rate is a variable rate.
5.03 (xii) The weighted average remaining term to maturity 162
The weighted average Loan Rate 11.1037%
5.03 (xiii) Servicing Fee $14,969.20
Trustee Fee $428.71
Premium Amount $4,538.44
Reimbursement Amount to Certificate Insurer $0.00
Monthly Excess Spread $135,392.32
5.03 (xiv) The amount of all payments or reimbursements to the Servicer $0.00
5.03 (xv) Overcollateralization Amount $4,500,970.11
Overcollateralization Increase Amount $74,488.72
Specified Overcollateralization Amount $4,500,970.11
Sum of Three Largest Loan Balances $899,865.66
5.03 (xvi) Amounts reimbursable to the Servicer or Seller $0.00
Amount paid to Class R pursuant to Section 5.01(a) (v) $60,903.60
5.03 (xvii) The number of Mortgage Loans outstanding prior to distribution 827
The number of Mortgage Loans outstanding after distribution 799
5.03 (xviii) The amount on deposit in the Initial Interest Coverage Account after
the Distribution Date $0.00
5.03 (xix) The Amount of Liquidation Losses/(Gain) $290,413.51
Cumulative Net Losses as percentage of the Initial Collateral Balance 2.8572%
Non-Recoverable Loss Adjustment ($5,955.23)
Delta Funding Corporation
Home Equity Loan Trust
Series 96-2
DISTRIBUTION DATE 4/25/01
PRINCIPAL INTEREST
5.03 (i) The Available Funds for Certificate Group 1 $797,881.89 $377,523.71
The Available Funds for Certificate Group 2 $1,231.24 $20,939.52
Interest Advance Recovery $150,839.46
Servicing Advance Recovery $49,785.94
5.03 (ii)
CERTIFICATE GROUP 1
CUSIP BEGINNING CERTIFICATE INTEREST PRINCIPAL ENDING
CLASS 24763L BALANCE RATE DISTRIBUTION DISTRIBUTION BALANCE
------ --------- ------------- ------------ ------------- ------------ --------------
Class A-1 AN0 $0.00 0.00000% $0.00 $0.00 $0.00
Class A-2 AP5 $0.00 0.00% $0.00 $0.00 $0.00
Class A-3 AQ3 $7,244,175.00 7.54% $45,517.57 $933,874.53 $6,310,300.47
Class A-4 AR1 $14,764,000.00 7.88% $96,950.27 $0.00 $14,764,000.00
Class A-5 AS9 $14,259,000.00 8.01% $95,178.83 $0.00 $14,259,000.00
TOTALS $36,267,175.00 $237,646.67 $933,874.53 $35,333,300.47
**Class A-1 Certificate rate is a variable rate.
CERTIFICATE GROUP 2
CUSIP BEGINNING CERTIFICATE INTEREST PRINCIPAL ENDING
CLASS 24763L BALANCE RATE DISTRIBUTION DISTRIBUTION BALANCE
------ ---------- -------------------------- ------------- ------------ --------------
Class A-6 AT7 $1,356,332.30 5.36000% $6,058.28 $15,961.80 $1,340,370.50
TOTALS $37,623,507.30 $243,704.95 $949,836.33 $36,673,670.97
**Class A-6 Certificate rate is a variable rate.
GROUP 1 GROUP 2
------- -------
The Aggregate Principal Balance of the Mortgage Loan
(Before Distribution) $42,126,866.11 $1,996,826.96
The Aggregate Principal Balance of the Mortgage Loan
(After Distribution) $41,329,647.52 $1,995,595.72
5.03 (iii) The number and Principal Balances of all Mortgage Loans 17 0
that were subject to Principal Prepayments during the $658,664.98 $0.00
Net Liquidation Proceeds $0.00 $0.00
5.03 (iv) The amount of all Curtailments that were received during $0.00 $0.00
Due Period
5.03 (v) The principal portion of all Monthly Payments received $62,572.81 $1,231.24
during the Due Period
5.03 (vi) The interest portion of all Monthly Payments received $190,603.93 $3,284.78
the Mortgage Loans during the Due Period
5.03 (vii) The amount of the Monthly Advances and the Compensating $195,512.31 $17,782.07
Interest
payments to be made on the Determination Date $1,456.84 $0.00
5.03 (ix) The amount of any Insured Payments $0.00 $0.00
5.03 (x) The amount distributed to the Class R Certificateholder $0.00 $0.00
5.03 (xi)
CERTIFICATE GROUP 1
CUSIP BEGINNING BALANCE CERTIFICATE INTEREST PRINCIPAL ENDING BALANCE
CLASS 24763L FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
------ --------- ------------------ ----------- ----------- --------------- ---------------
Class A-1 AN0 0.000000000 0.00000% 0.000000000 0.000000000 0.0000000
Class A-2 AP5 0.000000000 0.00% 0.000000000 0.000000000 0.0000000
Class A-3 AQ3 0.340517768 7.54% 2.139586820 43.897458400 296.6203098
Class A-4 AR1 1.000000000 7.88% 6.566666892 0.000000000 1000.0000000
Class A-5 AS9 1.000000000 8.01% 6.675000351 0.000000000 1000.0000000
**Class A-1 Certificate rate is a variable rate.
CERTIFICATE GROUP 2
CUSIP BEGINNING BALANCE CERTIFICATE INTEREST PRINCIPAL ENDING BALANCE
CLASS 24763L FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
------ ---------- ------------------ ------------ --------------- --------------- ---------------
Class A-6 AT7 0.090422153 5.36000% 0.403885333 1.064120000 89.3580332
**Class A-6 Certificate rate is a variable rate.
GROUP 1 GROUP 2
------- -------
5.03 (xii) The weighted average remaining term to maturity 166 282
The weighted average Loan Rate 11.5073% 12.9642%
5.03 (xiii) Servicing Fee $8,592.53 $127.33
Trustee Fee $351.06 $16.64
Premium Amount $3,533.33 $134.04
Reimbursement Amount to Certificate Insurer $0.00 $0.00
5.03 (xiv) The amount of all payments or reimbursements to the Servicer $0.00 $0.00
5.03 (xv) Overcollateralization Amount $5,996,347.05 $655,225.22
Specified Overcollateralization Amount $7,493,094.34 $766,180.18
Overcollateralization Increase Amount $136,655.95 $14,730.56
Monthly Excess Spread $136,655.95 $14,730.56
Sum of the Three Largest Loans $940,481.08 $600,704.29
5.03 (xvi) Amounts reimbursable to the Servicer or Seller $0.00 $0.00
Amount paid to Class R pursuant to Section 5.01(a)(vi)(6) $0.00 $0.00
5.03 (xvii) The number of Mortgage Loans outstanding prior to distribution 575 22
The number of Mortgage Loans outstanding after distribution 558 22
5.03 (xviii)The Amount of Liquidation Loan Losses ($774.00) $0.00
Current Loan Losses as percentage of the Initial
Collateral Balance -0.0005% 0.0000%
Cumulative Net Losses as percentage of the Initial Collateral 2.2832% 1.3415%
Non-Recoverable Loss Adjustment $110.70 $0.00
5.03 (xix) Delinquent Mortgage Loans : Group 1
NUMBER PERCENT PRINCIPAL BALANCE
------ ------- -----------------
30 TO 59 DAYS 36 6.491709% $2,683,000.47
60 TO 89 DAYS 16 2.781248% $1,149,479.91
90 PLUS DAYS 19 4.398331% $1,817,814.64
FORECLOSURE 54 10.930678% $4,517,610.60
REO 33 6.010264% $2,484,020.86
*NOTE THAT 30, 60, AND 90 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
Delinquent Mortgage Loans : Group 2
NUMBER PERCENT PRINCIPAL BALANCE
------ ------- -----------------
30 TO 59 DAYS 1 9.801182% $195,591.97
60 TO 89 DAYS 4 18.085327% $360,910.02
90 PLUS DAYS 1 2.624320% $52,370.81
FORECLOSURE 2 13.570326% $270,808.85
REO 5 26.143497% $521,718.51
*NOTE THAT 30, 60, AND 90 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
Delta Funding Corporation
Home Equity Trust
Series 96-3
DISTRIBUTION DATE 4/25/01
PRINCIPAL INTEREST
--------- --------
5.03 (i) The Available Funds for Certificate Group 1 $705,786.28 $448,075.67
The Available Funds for Certificate Group 2 $95,715.75 $38,665.94
Interest Advance Recovery $262,213.04
Sevicing Advance Recovery $179,573.26
5.03 (ii)
CERTIFICATE GROUP 1
INTEREST PRINCIPAL
CLASS CUSIP 24763L BEGINNING BALANCE CERTIFICATE RATE DISTRIBUTION DISTRIBUTION ENDING BALANCE
------ ------------ ----------------- ---------------- ------------ ------------ --------------
Class A-1 AU4 $0.00 5.130% $0.00 $0.00 $0.00
Class A-2 AV2 $0.00 6.525% $0.00 $0.00 $0.00
Class A-3 AW0 $6,140,356.18 6.825% $34,923.28 $871,358.72 $5,268,997.46
Class A-4 AX8 $22,400,000.00 7.075% $132,066.67 $0.00 $22,400,000.00
Class A-5 AY6 $14,500,000.00 7.250% $87,604.17 $0.00 $14,500,000.00
Class S $43,040,356.18 0.649% $23,294.03 n/a $42,168,997.46
TOTALS $43,040,356.18 $277,888.14 $871,358.72 $42,168,997.46
**Class A-1 Certificate rate is a variable rate.
CERTIFICATE GROUP 2
INTEREST PRINCIPAL
CLASS CUSIP 24763L BEGINNING BALANCE CERTIFICATE RATE DISTRIBUTION DISTRIBUTION ENDING BALANCE
------ ------------ ----------------- ---------------- ------------ ------------ --------------
Class A-6 AZ3 $2,956,345.68 5.27000% $12,983.28 $121,086.17 $2,835,259.51
TOTALS $45,996,701.85 $290,871.43 $992,444.89 $45,004,256.97
**Class A-6 Certificate rate is a variable rate.
GROUP 1 GROUP 2
------- -------
The Aggregate Principal Balance of the Mortgage Loans (Before Distribution) $50,296,581.71 $3,626,266.85
The Aggregate Principal Balance of the Mortgage Loans (After Distribution) $49,459,558.25 $3,451,115.49
5.03 (iii) The number and Principal Balances of all Mortgage Loans 15 2
that were subject to Principal Prepayments during the Due Period $567,454.39 $121,076.60
Net Liquidation Proceeds $0.00 $0.00
5.03 (iv) The amount of all Curtailments that were received during the ($81.09) $0.00
Due Period
5.03 (v) The principal portion of all Monthly Payments received $58,658.57 $832.32
during the Due Period
5.03 (vi) The interest portion of all Monthly Payments received on $230,189.81 $16,058.46
the Mortgage Loans during the Due Period
5.03 (vii) The amount of the Monthly Advances and the Compensating Interest $227,494.96 $23,224.53
payments to be made on the Determination Date $402.37 $0.00
5.03 (ix) The amount of any Insured Payments $0.00 $0.00
5.03 (x) The amount distributed to the Class R Certificateholder $0.00 $0.00
5.03 (xi)
Certificate Group 1
Beginning Balance Interest Principal Ending Balance
Class Cusip 24763L Factor Per 1000 Certificate Rate Factor Per 1000 Factor Per 1000 Factor Per 1000
CLASS A-1 AU4 0 5.13% 0 0 0
--------- --- - ----- - - -
Class A-2 AV2 0.000000000 7.2200% 0.000000000 0.000000000 0.0000000
Class A-3 AW0 0.381388582 7.5400% 2.169147562 54.121659627 327.2669227
Class A-4 AX8 1.000000000 7.8800% 5.895833333 0.000000000 1000.0000000
Class A-5 AY6 1.000000000 8.0100% 6.041666667 0.000000000 1000.0000000
Class S 0.239113090 70578628.0000% 0.129411290 n/a 234.2722081
**Class A-1 Certificate rate is a variable rate.
Certificate Group 2
Beginning Balance Interest Principal Ending Balance
CLASS CUSIP 24763L Factor per 1000 Certificate Rate Factor per 1000 Factor per 1000 Factor per 1000
Class A-6 AZ3 0.098544856 5.27% 0.432776159 4.036205577 94.5086503
**CLASS A-6 CERTIFICATE RATE IS A VARIABLE RATE.
GROUP 1 GROUP 2
5.03 (xii) The weighted average remaining term to maturity 176 302
The weighted average Loan Rate 11.43% 13.38%
5.03 (xiii) Servicing Fee $10,432.19 $617.05
Trustee Fee $398.18 $28.71
Premium Amount $4,216.90 $283.53
Reimbursement Amount to Certificate Insurer $0.00 $0.00
5.03 (xiv) The amount of all payments or reimbursements to the Servicer $0.00 $0.00
5.03 (xv) Overcollateralization Amount $7,290,560.79 $615,855.98
Specified Overcollateralization Amount $10,790,445.86 $693,895.39
Overcollateralization Increase Amount $165,572.44 $25,370.42
Monthly Excess Spread $165,572.44 $25,370.42
5.03 (xvi) Amounts reimbursable to the Servicer or Seller $0.00 $0.00
Amount paid to Class R pursuant to Section 5.01(a) (vi) (3) $0.00 $0.00
5.03 (xvii) The number of Mortgage Loans outstanding prior to distribution 721 44
The number of Mortgage Loans outstanding after distribution 706 42
5.03 (xviii)The Amount of Liquidation Loan Losses $127,219.85 $79,464.21
Loan Losses as percentage of the Initial Collateral Balance 0.07% 0.26%
Cumulative Net Losses as percentage of the Initial Collateral Balance 2.48% 2.33%
Non-Recoverable Loss Adjustment $4,017.33 ($28.60)
5.03 (xix) Delinquent Mortgage Loans : Group 1
Number Percent Principal Balance
30 TO 59 DAYS 44 6.279839% 3,105,980.57
60 TO 89 DAYS 18 2.996876% $1,482,241.61
90 PLUS DAYS 35 5.775347% $2,856,460.97
FORECLOSURE 56 9.658733% $4,777,166.82
REO 44 6.966017% $3,445,361.38
*NOTE THAT 30, 60, AND 90 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
Delinquent Mortgage Loans : Group 2
Number Percent Principal Balance
30 TO 59 DAYS 1 1.652406% $57,026.43
60 TO 89 DAYS 2 8.340013% $287,823.48
90 PLUS DAYS 0 0.000000% $0.00
FORECLOSURE 4 15.043575% $519,171.14
REO 5 9.384073% $323,855.18
*NOTE THAT 30, 60, AND 90 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
5.03 (xx) The amount of Class A-6 Basis Risk Carryover Amount distributed on
such Distribution Date and any remaining Class A-6 Basis Risk Carryover Amount
This Distribution
5.03 (xxi) Class A-1 Formula Rate for related and following Interest Period 5.13%
Class A-6 Formula Rate for related and following Interest Period 5.27%
DISTRIBUTION DATE 4/25/01
Delta Funding Corporation
Home Equity Loan Trust
Series 97-1
PRINCIPAL INTEREST
--------- --------
5.03 (i) The Available Funds for Certificate Group 1 $669,993.87 $519,949.38
The Available Funds for Certificate Group 2 $121,948.77 $58,103.79
Interest Advance Recovery $335,416.11
Servicing Advance Recovery $461,518.69
5.03 (ii)
CERTIFICATE GROUP 1
CUSIP BEGINNING CERTIFICATE INTEREST PRINCIPAL
CLASS US24863LB BALANCE RATE DISTRIBUTION DISTRIBUTION ENDING BALANCE
------ --------- --------------- --------------- ------------ ------------ --------------
Class A-1 A70 $0.00 6.600% $0.00 $0.00 $0.00
Class A-2 B53 $0.00 6.920% $0.00 $0.00 $0.00
Class A-3 C37 $9,214,166.67 7.260% $55,745.71 $695,860.69 $8,518,305.98
Class A-4 D10 $10,374,000.00 7.460% $64,491.70 $0.00 $10,374,000.00
Class A-5 E92 $11,966,000.00 7.740% $77,180.70 $0.00 $11,966,000.00
Class A-6 F76 $20,715,640.92 7.210% $124,466.48 $151,040.21 $20,564,600.71
Class S $52,269,807.59 0.380000% $16,562.42 n/a $51,422,906.69
TOTALS $52,269,807.59 $338,447.00 $846,900.90 $51,422,906.69
CERTIFICATE GROUP 2
CUSIP BEGINNING CERTIFICATE INTEREST PRINCIPAL
CLASS US24863LB BALANCE RATE DISTRIBUTION DISTRIBUTION ENDING BALANCE
------ --------- -------------- ------------------- ------------ ------------ --------------
Class A-7 G41 $4,073,699.86 5.25000% $17,822.44 $161,647.75 $3,912,052.11
TOTALS $56,343,507.45 $356,269.44 $1,008,548.65 $55,334,958.80
**Class A-7 Certificate rate is a variable rate.
GROUP 1 GROUP 2
------- -------
The Aggregate Principal Balance of the Mortgage Loans $59,539,208.72 $5,406,887.81
(Before Distribution)
The Aggregate Principal Balance of the Mortgage Loans $58,589,227.06 $5,189,026.69
(After Distribution)
5.03 (iii) The number and Principal Balances of all Mortgage Loans 23 3
that were subject to Principal Prepayments during the
Due Period $499,393.12 $132,585.73
5.03 (iv) The amount of all Curtailments that were received during the ($57.39) $0.00
Due Period
5.03 (v) The principal portion of all Monthly Payments received $59,062.96 $1,003.38
during the Due Period
5.03 (vi) The interest portion of all Monthly Payments received on $263,253.77 $16,999.81
the Mortgage Loans during the Due Period
5.03 (vii) The amount of the Monthly Advances and the Compensating
Interest $268,796.57 $41,745.85
payments to be made on the Determination Date
$845.11 $0.00
5.03 (ix) The amount of any Insured Payments $0.00 $0.00
5.03 (x) The amount distributed to the Class R Certificateholder $0.00 $0.00
5.03 (xi)
CERTIFICATE GROUP 1
CUSIP BEGINNING BALANCE CERTIFICATE INTEREST PRINCIPAL ENDING BALANCE
CLASS US24863LB FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
------ --------- --------------- ------------- --------------- --------------- ---------------
Class A-1 A70 0.000000000 6.600% 0.000000000 0.000000000 0.0000000
Class A-2 B53 0.000000000 6.920% 0.000000000 0.000000000 0.0000000
Class A-3 C37 0.654229386 7.260% 3.958087783 49.407887765 604.8214979
Class A-4 D10 1.000000000 7.460% 6.216666667 0.000000000 1000.0000000
Class A-5 E92 1.000000000 7.740% 6.450000000 0.000000000 1000.0000000
Class A-6 F76 0.877781395 7.210% 5.274003216 6.400008919 871.3813862
Class S 0.263988927 0.3802% 0.083648586 n/a 259.7116500
CERTIFICATE GROUP 2
BEGINNING BALANCE CERTIFICATE INTEREST PRINCIPAL ENDING BALANCE
CLASS CUSIP FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
------ ------ --------------- ------------ --------------- ------------ ---------------
Class A-7 0.110099996 5.25000% 0.481687484 4.368858172 105.7311381
**Class A-7 Certificate rate is a variable rate.
GROUP 1 GROUP 2
------- -------
5.03 (xii) The weighted average remaining term to maturity 178 306
The weighted average Loan Rate 11.2296% 13.6149%
One Month LIBOR rate 5.050%
5.03 (xiii) Servicing Fee $12,100.96 $641.87
Trustee Fee $310.10 $28.16
Premium Amount $4,285.24 $554.21
Reimbursement Amount to Certificate Insurer $0.00 $0.00
5.03 (xiv) The amount of all payments or reimbursements to the Servicer $0.00 $0.00
5.03 (xv) Overcollateralization Amount $7,166,320.37 $1,276,974.58
Specified Overcollateralization Amount $11,035,665.63 $1,799,712.79
5.03 (xvi) Amounts reimbursable to the Servicer or Seller $0.00 $0.00
Amount paid to Class R pursuant to Section 5.01(a) (vi) (3) $0.00 $0.00
5.03 (xvii) The number of Mortgage Loans outstanding prior to distribution 887 59
The number of Mortgage Loans outstanding after distribution 864 56
5.03 (xviii)The Amount of Liquidation Loan Losses $291,486.69 $97,362.71
Loan Losses as percentage of the Initial Collateral Balance 0.1472% 0.2631%
Cumulative Net Losses as percentage of the Initial Collateral 2.3746% 2.8091%
Balance
Non-Recoverable Loss Adjustment ($11,498.90) ($1,450.36)
5.03 (xix) Delinquent Mortgage Loans : Group 1
Number Percent Principal Balance
30 TO 59 DAYS 78 8.085381% $4,737,162.30
60 TO 89 DAYS 25 3.600446% $2,109,473.59
90 PLUS DAYS 34 4.371219% $2,561,063.71
FORECLOSURE 75 10.864031% $6,365,151.84
REO 40 4.790386% $2,806,650.21
*NOTE THAT 30, 60, AND 90 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
Delinquent Mortgage Loans : Group 2
Number Percent Principal Balance
30 TO 59 DAYS 5 8.540435% $443,165.46
60 TO 89 DAYS 4 8.024090% $416,372.15
90 PLUS DAYS 5 5.698746% $295,709.44
FORECLOSURE 7 11.337092% $588,284.73
REO 8 17.782726% $922,750.41
*NOTE THAT 30, 60, AND 90 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
This Distribution
5.03 (xxi) Class A-7 Formula Rate for related and following Interest Period 5.250000%
DISTRIBUTION DATE 4/25/01
PRINCIPAL INTEREST
--------- --------
5.03 (i) The Available Funds for Certificate Group 1 $1,417,175.35 $615,045.77
The Available Funds for Certificate Group 2 $104,482.57 $81,797.04
Interest Advance Recovery $330,897.00
Servicing Advance Recovery $167,973.54
5.03 (ii)
CERTIFICATE GROUP 1
INTEREST PRINCIPAL
CUSIP BEGINNING CERTIFICATE INTEREST CARRYOVER PRINCIPAL CARRYOVER ENDING
CLASS 24763LB BALANCE RATE DISTRIBUTION SHORTFALL DISTRIBUTION SHORTFALL BALANCE
------ ------- ------- ---- ------------ --------- ------------ --------- -------
Class A-1 H2 $0.00 6.620% $0.00 $0.00 $0.00 $0.00 $0.00
Class A-2 J8 $0.00 6.640% $0.00 $0.00 $0.00 $0.00 $0.00
Class A-3 K5 $0.00 6.770% $0.00 $0.00 $0.00 $0.00 $0.00
Class A-4 L3 $16,498,021.74 7.030% $96,650.91 $0.00 $1,230,931.37 $0.00 $15,267,090.36
Class A-5 M1 $16,625,000.00 7.370% $102,105.21 $0.00 $0.00 $0.00 $16,625,000.00
Class A-6 N9 $17,373,259.64 7.040% $101,923.12 $0.00 $190,318.67 $0.00 $17,182,940.97
Class M-1 Q2 $8,829,469.41 7.240% $53,271.13 $0.00 $0.00 $0.00 $8,829,469.41
Class M-2 R0 $4,624,960.17 7.490% $28,867.46 $0.00 $0.00 $0.00 $4,624,960.17
Class B-3 S8 $5,739,920.33 7.800% $37,309.48 $0.00 $0.00 $0.00 $5,739,920.33
Class I/O T6 $20,847,911.57 6.500% $0.00 $0.00 n/a n/a $20,619,529.16
TOTALS $69,690,631.29 $420,127.31 $0.00 $1,421,250.05 $0.00 $68,269,381.24
CERTIFICATE GROUP 2
INTEREST PRINCIPAL
CUSIP BEGINNING CERTIFICATE INTEREST CARRYOVER PRINCIPAL CARRYOVER ENDING
CLASS 24763LB BALANCE RATE DISTRIBUTION SHORTFALL DISTRIBUTION SHORTFALL BALANCE
------ ------- -------------- ---------- -------------- --------- ------------ --------- -----------
Class A-7 P4 $7,886,249.14 5.26000% $34,568.06 $0.00 $221,963.51 $0.00 $7,664,285.63
TOTALS $77,576,880.43 $454,695.37 $1,643,213.56 $75,933,666.87
**Class A-7 Certificate rate is a variable rate.
5.03 (v) The Amount of Excess Interest paid as Principal Group I $4,074.70
The Amount of Excess Interest paid as Principal Group II $117,480.94
5.03 (vi) Servicing Fee Group I $13,481.98
Servicing Fee Group II $906.42
Trustee Fee $422.33
5.03 (vii) GROUP I GROUP II
------- --------
The Aggregate Principal Balance of the Mortgage Loans
(Before Distribution) $73,200,631.29 $7,886,249.14
The Aggregate Principal Balance of the Mortgage Loans
(After Distribution) $71,705,131.62 $7,738,535.25
5.03 (ix) Overcollateralization Amount $3,510,000.00
Required Overcollateralization Amount $3,510,000.00
5.03 (x) Trigger Event (Yes/No) Yes
5.03 (xi) The number and Principal Balances of all Mortgage Loans Group I 18 $1,122,082.71
that were subject to Principal Prepayments during the Due Period Group II 2 $60,576.80
5.03 (xii)The amount of all Curtailments that were received during the Due Period Group I ($1,247.23)
The amount of all Curtailments that were received during the Due Period Group II $0.00
5.03 (xiii) The principal portion of all Monthly Payments received Group I $101,558.96
during the Due Period Group II $2,031.29
5.03 (xiv)The interest portion of all Monthly Payments received on Group I $628,527.75
the Mortgage Loans during the Due Period Group II $82,703.46
5.03 (xv) The amount of the Monthly Advances and the Compensating Interest Group I $339,224.57 $1,288.90
payments to be made on the Determination Date Group II $58,628.73 $0.00
CERTIFICATE GROUP 1
CUSIP BEGINNING BALANCE CERTIFICATE INTEREST PRINCIPAL ENDING BALANCE
CLASS 24763LB FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
------ ------- --------------- ---- --------------- --------------- ---------------
Class A-1 H2 0.000000000 6.620% 0.000000000 0.000000000 0.0000000
Class A-2 J8 0.000000000 6.640% 0.000000000 0.000000000 0.0000000
Class A-3 K5 0.000000000 6.770% 0.000000000 0.000000000 0.0000000
Class A-4 L3 0.897851523 7.030% 5.259913469 66.989462568 830.8620606
Class A-5 M1 1.000000000 7.370% 6.141666767 0.000000000 1000.0000000
Class A-6 N9 0.992757694 7.040% 5.824178286 10.875352750 981.8823409
Class M-1 Q2 0.646847576 7.240% 3.902646886 0.000000000 646.8475758
Class M-2 R0 0.646847576 7.490% 4.037406993 0.000000000 646.8475758
Class B-3 S8 0.490591481 7.800% 3.188844628 0.000000000 490.5914813
Class I/O T6 0.992757694 6.500% 0.000000000 n/a 981.8823409
CERTIFICATE GROUP 2
BEGINNING BALANCE CERTFICATE INTEREST PRINCIPAL ENDING BALANCE
CLASS CUSIP FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
------ ------ --------------- ------------ -------------- --------------- ---------------
Class A-7 P4 0.157724983 5.26000% 0.691361200 4.439270244 153.2857126
**Class A-7 Certificate rate is a variable rate.
The amount distributed to the Class R Certificateholder $120,169.46
5.03 (xvi)
GROUP I GROUP II
------- --------
5.03 (xvii) The weighted average remaining term to maturity 187 312
The weighted average Loan Rate 11.2067% 13.4485%
5.03 (xviii)The amount of all payments or reimbursements to the Servicer $0.00 $0.00
5.03 (xix) The number of Mortgage Loans outstanding prior to distribution 1083 99
The number of Mortgage Loans outstanding after distribution 1065 97
5.03 (xx) The Amount of Liquidation Loan Losses $78,324.32 $43,231.32
Loan Losses as percentage of the Initial Collateral Balance 0.0373% 0.0865%
Cumulative Net Losses as percentage of the Initial Collateral Balance 1.7344% 2.5704%
Non-Recoverable Loss Adjustment $0.00 $0.00
GROUP I
5.03 (xxi) Delinquent Mortgage Loans :
NUMBER PERCENT PRINCIPAL BALANCE
------ ------- -----------------
30 TO 59 DAYS 92 9.349% $6,703,690.90
60 TO 89 DAYS 20 3.057% $2,192,291.65
90 PLUS DAYS 65 5.602% $4,017,105.76
FORECLOSURE 94 10.325% $7,403,350.03
REO 38 3.206% $2,298,880.06
*NOTE THAT 30, 60, AND 90 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
GROUP II
5.03 (xxi) Delinquent Mortgage Loans :
NUMBER PERCENT PRINCIPAL BALANCE
------ ------- -----------------
30 TO 59 DAYS 12 9.813% $759,380.19
60 TO 89 DAYS 5 6.719% $519,953.47
90 PLUS DAYS 7 6.879% $532,329.81
FORECLOSURE 12 11.546% $893,529.18
REO 9 8.056% $623,434.02
*NOTE THAT 30, 60, AND 90 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
5.03 (xxi) Cumulative Loss Event No
Servicer Termination Test No
Delta Funding Corporation
Home Equity Loan Trust
Series 97-3
DISTRIBUTION DATE 4/25/01
PRINCIPAL INTEREST
--------- --------
5.03 (i) The Available Funds for Certificate Group 1 $1,574,250.88 $853,628.77
The Available Funds for Certificate Group 2 $295,136.19 $145,519.75
Interest Advance Recovery $571,567.42
Servicing Advance Recovery $276,387.58
CERTIFICATE GROUP 1
INTEREST PRINCIPAL
CUSIP BEGINNING CERTIFICATE INTEREST CARRYOVER PRINCIPAL CARRYOVER ENDING
CLASS 24763L BALANCE RATE DISTRIBUTION SHORTFALL DISTRIBUTION SHORTFALL BALANCE
------ ------ ------- ---- ------------ --------- ------------ --------- -------
Class A-1F BU3 $0.00 5.14000% $0.00 $0.00 $0.00 $0.00 $0.00
Class A-2F BV1 $0.00 6.590% $0.00 $0.00 $0.00 $0.00 $0.00
Class A-3F BW9 $4,631,067.23 6.630% $25,586.65 $0.00 $1,500,653.61 $0.00 $3,130,413.61
Class A-4F BX7 $14,014,000.00 6.930% $80,930.85 $0.00 $0.00 $0.00 $14,014,000.00
Class A-5F BY5 $20,643,000.00 7.250% $124,718.13 $0.00 $0.00 $0.00 $20,643,000.00
Class A-6F BZ2 $24,477,432.18 6.860% $139,929.32 $0.00 $313,350.92 $0.00 $24,164,081.27
Class A-6 I/O CA6 $24,477,432.18 6.500% $0.00 $0.00 n/a n/a $24,164,081.27
Class M-1F CB4 $16,562,000.00 7.080% $97,715.80 $0.00 $0.00 $0.00 $16,562,000.00
Class M-2F CC2 $12,588,000.00 7.330% $76,891.70 $0.00 $0.00 $0.00 $12,588,000.00
Class B-1F CD0 $10,600,000.00 7.650% $67,575.00 $0.00 $0.00 $0.00 $10,600,000.00
TOTALS $103,515,499.41 $613,347.45 $0.00 $1,814,004.53 $0.00 $101,701,494.88
CERTIFICATE GROUP 2
INTEREST PRINCIPAL
CUSIP BEGINNING CERTIFICATE INTEREST CARRYOVER PRINCIPAL CARRYOVER ENDING
CLASS 24763L BALANCE RATE DISTRIBUTION SHORTFALL DISTRIBUTION SHORTFALL BALANCE
------ ------ -------------- -------- ------------ --------- ------------ --------- -------
Class A-1A CE8 $0.00 5.25000% $0.00 $0.00 $0.00 $0.00 $0.00
Class M-1A CF5 $4,787,012.60 5.42000% $21,621.34 $0.00 $375,468.30 $0.00 $4,411,544.30
Class M-2A CG3 $5,250,000.00 5.62000% $24,587.50 $0.00 $0.00 $0.00 $5,250,000.00
Class B-1A CH1 $3,750,000.00 6.05000% $18,906.25 $0.00 $0.00 $0.00 $3,750,000.00
TOTALS $117,302,512.01 $678,462.54 $0.00 $2,189,472.84 $0.00 $115,113,039.18
5.03 (v) The Amount of Excess Interest paid as Principal Group I $239,753.65
The Amount of Excess Interest paid as Principal Group II $80,332.11
5.03 (vi) Servicing Fee Group I $20,843.55
Servicing Fee Group II $1,464.89
Trustee Fee $600.21
5.03 (vii) GROUP I GROUP II
------- --------
The Aggregate Principal Balance of the Mortgage Loans
(Before Distribution) $105,533,308.48 $14,509,473.30
The Aggregate Principal Balance of the Mortgage Loans
(After Distribution) $103,545,035.12 $14,151,241.92
GROUP I GROUP II
------- --------
5.03 (ix) Overcollateralization Amount $1,843,540.24 $739,697.62
Required Overcollateralization Amount $2,649,972.56 $749,995.59
5.03 (x) Trigger Event (Yes/No) YES YES
5.03 (xi) The number and Principal Balances of all Mortgage Loans Group I 30 $1,149,369.71
that were subject to Principal Prepayments during the
Due Period Group II 4 $276,058.85
5.03 (xii) The amount of all Curtailments that were received during the
Due Period Group I ($480.26)
The amount of all Curtailments that were received during the
Due Period Group II $0.00
5.03 (xiii)The principal portion of all Monthly Payments received Group I $150,899.65
during the Due Period Group II $3,147.79
5.03 (xiv) The interest portion of all Monthly Payments received on Group I $874,472.32
the Mortgage Loans during the Due Period Group II $146,984.64
5.03 (xv) The amount of the Monthly Advances and the Compensating
Interest payments to be made on the Determination Date Group I $440,282.57 $2,078.04
Group II $109,708.11 $1,208.29
Delta Funding Corporation
Home Equity Loan Trust
Series 97-3
CERTIFICATE GROUP 1
BEGINNING
CUSIP BALANCE CERTIFICATE INTEREST PRINCIPAL ENDING BALANCE
CLASS 24763L FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
------ ------ --------------- ---- --------------- --------------- ---------------
Class A-1 BU3 0.000000000 5.140% 0.000000000 0.000000000 0.0000000
Class A-2 BV1 0.000000000 6.590% 0.000000000 0.000000000 0.0000000
Class A-3 BW9 0.083599307 6.630% 0.461886237 27.089566292 56.5097410
Class A-4 BX7 1.000000000 6.930% 5.775000000 0.000000000 1000.0000000
Class A-5 BY5 1.000000000 7.250% 6.041666909 0.000000000 1000.0000000
Class A-6 BZ2 0.923676686 6.860% 5.280351698 11.824562970 911.8521232
Class A-6 I/O CA6 0.923676686 6.500% 0.000000000 0.000000000 911.8521232
Class M-1F CB4 1.000000000 7.080% 5.900000000 0.000000000 1000.0000000
Class M-2F CC2 1.000000000 7.330% 6.108333333 0.000000000 1000.0000000
Class B-1F CD0 1.000000000 7.650% 6.375000000 0.000000000 1000.0000000
CERTIFICATE GROUP 2
BEGINNING
BALANCE CERTIFICATE INTEREST PRINCIPAL ENDING BALANCE
CLASS CUSIP FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
------ ------ --------------- ---- --------------- --------------- ---------------
Class A-1A CE8 0.000000000 5.2500% 0.000000000 0.000000000 0.0000000
Class M-1A CF5 0.709187052 5.4200% 3.203161517 55.624933773 653.5621180
Class M-2A CG3 1.000000000 5.6200% 4.683333333 0.000000000 1000.0000000
Class B-1A CH1 1.000000000 6.0500% 5.041666667 0.000000000 1000.0000000
5.03 (xvi) The amount distributed to the Class R Certificateholder $0.00
GROUP I GROUP II
------- --------
5.03 (xvii)The weighted average remaining term to maturity 234 316
The weighted average Loan Rate 10.8395% 13.0282%
5.03 (xviiiThe amount of all payments or reimbursements to the Servicer $0.00 $0.00
5.03 (xix) The number of Mortgage Loans outstanding prior to distribution 1467 163
The number of Mortgage Loans outstanding after distribution 1437 159
5.03 (xx) The Amount of Liquidation Loan Losses $414,243.64 $63,374.13
Loan Losses as percentage of the Initial Collateral Balance 0.1563% 0.0845%
Cumulative Net Losses as percentage of the Initial Collateral Balance 2.0450% 1.9382%
Non-Recoverable Loss Adjustment ($221.16) ($278.94)
GROUP I
5.03 (xxi) Delinquent Mortgage Loans :
NUMBER PERCENT PRINCIPAL BALANCE
------ ------- -----------------
30 TO 59 DAYS 105 8.232% $8,524,332.45
60 TO 89 DAYS 49 3.578% $3,704,933.61
90 TO 119 20 2.033% $2,104,702.28
120 PLUS DAYS 33 2.033% $2,104,556.01
FORECLOSURE 86 7.442% $7,705,660.74
REO 66 4.280% $4,431,286.49
*NOTE THAT 30, 60, 90, OR 120 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
GROUP II
5.03 (xxi) Delinquent Mortgage Loans :
NUMBER PERCENT PRINCIPAL BALANCE
------ ------- -----------------
30 TO 59 DAYS 18 10.889% $1,540,928.60
60 TO 89 DAYS 7 4.199% $594,244.82
90 TO 119 4 2.567% $363,317.45
120 PLUS DAYS 14 9.679% $1,369,646.01
FORECLOSURE 17 10.546% $1,492,335.49
REO 11 9.085% $1,285,698.84
*NOTE THAT 30, 60, 90, OR 120 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
Group I Group II
5.03 (XXI) Cumulative Loss Event YES NO
Servicer Termination Test NO
Group I Delinquency Amount $17,672,496.76
Group II Delinquency Amount $4,717,290.84
Delta Funding Corporation
Home Equity Loan Trust
Series 97-4
DISTRIBUTION DATE 4/25/01
PRINCIPAL INTEREST
--------- --------
5.03 (i) The Available Funds for Certificate Group 1 $2,500,434.91 $1,144,587.03
The Available Funds for Certificate Group 2 $955,509.95 $183,377.04
Interest Advance Recovery $696,014.91
Servicing Advance Recovey $358,467.78
5.03 (ii)
CERTIFICATE GROUP 1
INTEREST PRINCIPAL
CUSIP BEGINNING CERTIFICATE INTEREST CARRYOVER PRINCIPAL CARRYOVER ENDING
CLASS 24763L BALANCE RATE DISTRIBUTION SHORTFALL DISTRIBUTION SHORTFALL BALANCE
------ ------ ------- ---- ------------ --------- ------------ --------- -------
Class A-1F CJ7 $0.00 5.20000% $0.00 $0.00 $0.00 $0.00 $0.00
Class A-2F CK4 $26,078,515.37 6.670% $144,953.08 $0.00 $1,646,023.90 $0.00 $24,432,491.48
Class A-3F CL2 $18,000,000.00 6.710% $100,650.00 $0.00 $0.00 $0.00 $18,000,000.00
Class A-4F CM0 $25,225,000.00 7.070% $148,617.29 $0.00 $0.00 $0.00 $25,225,000.00
Class A-5F CN8 $30,661,482.37 6.670% $170,426.74 $0.00 $263,571.93 $0.00 $30,397,910.44
Class A-5 I/O CW8 $0.00 6.500% $0.00 $0.00 N/A N/A $0.00
Class M-1F CP3 $18,241,787.34 6.970% $105,954.38 $0.00 $348,466.38 $0.00 $17,893,320.96
Class M-2F CQ1 $13,863,758.38 7.170% $82,835.96 $0.00 $264,834.45 $0.00 $13,598,923.93
Class B-1F CR9 $10,282,538.07 7.510% $64,351.55 $0.00 $259,728.40 $0.00 $10,022,809.67
TOTALS $142,353,081.54 $817,789.00 $0.00 $2,782,625.06 $0.00 $139,570,456.47
CERTIFICATE GROUP 2
INTEREST PRINCIPAL
CUSIP BEGINNING CERTIFICATE INTEREST CARRYOVER PRINCIPAL CARRYOVER ENDING
CLASS 24763L BALANCE RATE DISTRIBUTION SHORTFALL DISTRIBUTION SHORTFALL BALANCE
------ ------ -------------- ------- ------------ --------- ------------ --------- -------
Class A-1A CS7 $0.00 5.27000% $0.00 $0.00 $0.00 $0.00 $0.00
Class M-1A CT5 $7,319,094.85 5.53000% $33,728.83 $0.00 $1,027,339.21 $0.00 $6,291,755.64
Class M-2A CU2 $5,525,000.00 5.73000% $26,381.88 $0.00 $0.00 $0.00 $5,525,000.00
Class B-1A CV0 $4,675,000.00 6.20000% $24,154.17 $0.00 $0.00 $0.00 $4,675,000.00
TOTALS $159,872,176.38 $902,053.87 $0.00 $3,809,964.27 $0.00 $156,062,212.11
5.03 (v) The Amount of Excess Interest paid as Principal Group I $284,743.15
The Amount of Excess Interest paid as Principal Group II $71,829.26
5.03 (vi) Servicing Fee Group I $29,885.73
Servicing Fee Group II $2,383.82
Trustee Fee $821.52
5.03 (vii) GROUP I GROUP II
------- --------
The Aggregate Principal Balance of the Mortgage Loans
(Before Distribution) $145,934,298.72 $18,369,079.04
The Aggregate Principal Balance of the Mortgage Loans
(After Distribution) $143,146,567.67 $17,341,739.83
GROUP I GROUP II
------- --------
5.03 (ix) Overcollateralization Amount $3,576,111.20 $849,984.19
Required Overcollateralization Amount $3,578,664.19 $849,984.19
5.03 (x) Trigger Event (Yes/No) NO YES
5.03 (xi) The number and Principal Balances of all Mortgage Loans Group I 32 $2,169,708.98
that were subject to Principal Prepayments during the
Due Period Group II 9 $819,945.63
5.03 (xii) The amount of all Curtailments that were received during the
Due Period Group I ($12.98)
The amount of all Curtailments that were received during the
Due Period Group II $0.00
5.03 (xiii)The principal portion of all Monthly Payments received Group I $193,920.72
during the Due Period Group II $6,204.47
5.03 (xiv) The interest portion of all Monthly Payments received on Group I $1,174,472.76
the Mortgage Loans during the Due Period Group II $185,760.86
5.03 (xv) The amount of the Monthly Advances and the Compensating
Interest Group I $571,210.51 $4,102.19
payments to be made on the Determination Date Group II $126,266.54 $2,828.43
Delta Funding Corporation
Home Equity Loan Trust
Series 97-4
CERTIFICATE GROUP 1
BEGINNING
CUSIP BALANCE CERTIFICATE INTEREST PRINCIPAL ENDING BALANCE
Class 24763L FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
Class A-1 CJ7 0.000000000 5.20% 0 0 0
Class A-2 CK4 0.973078932 6.67% 5.408697015 61.418802162 911.660129700
Class A-3 CL2 1.000000000 6.71% 5.591666667 0.000000000 1000.000000000
Class A-4 CM0 1.000000000 7.07% 5.891666601 0.000000000 1000.000000000
Class A-5 CN8 0.973380393 6.67% 5.410372698 8.367362886 965.013029800
Class A-5 I/O CW8 0.000000000 6.50% 0 0.000000000 965.013029800
Class M-1F CP3 0.926590508 6.97% 5.381946462 17.700329215 908.890179200
Class M-2F CQ1 0.926536014 7.17% 5.536052931 17.699288228 908.836725800
Class B-1F CR9 0.932656515 7.51% 5.836875354 23.558131851 909.098382800
CERTIFICATE GROUP 2
BEGINNING BALANCERTIFICATE INTEREST PRINCIPAL ENDING BALANCE
CLASS CUSIP FACTOR PER 1000 RATE FACTOR PER 1000 FACTOR PER 1000 FACTOR PER 1000
Class A-1A CS7 0.000000000 5.27% 0 0 0
Class M-1A CT5 0.956744424 5.53% 4.408997222 134.292707190 822.451717100
Class M-2A CU2 1.000000000 5.73% 4.775000000 0.000000000 1000.000000000
Class B-1A CV0 1.000000000 6.20% 5.166666667 0.000000000 1000.000000000
5.03 (xvi) The amount distributed to the Class R Certificateholder $71,069.27
Group I Group II
5.03 (xvii)The weighted average remaining term to maturity 26200.00% 31900.00%
The weighted average Loan Rate 10.52% 12.95%
5.03 (xviiiThe amount of all payments or reimbursements to the Servicer $0.00 $0.00
5.03 (xix) The number of Mortgage Loans outstanding prior to distribution 2007 194
The number of Mortgage Loans outstanding after distribution 1975 185
5.03 (xx) The Amount of Liquidation Loan Losses $285,721.89 $71,829.26
Loan Losses as percentage of the Initial Collateral Balance 0.09% 0.08%
Cumulative Net Losses as percentage of the Initial Collateral Balance 1.38% 1.08%
Non-Recoverable Loss Adjustment $1,574.25 $0.00
Group I
5.03 (xxi) Delinquent Mortgage Loans :
Number Percent Principal Balance
30 TO 59 DAYS 179 8.94% $12,794,447.21
60 TO 89 DAYS 56 3.33% $4,761,100.68
90 TO 119 DAYS 30 1.40% $2,002,919.34
120 DAYS PLUS 54 1.93% $2,766,874.40
FORECLOSURE 134 6.99% 10,006,929.60
REO 66 3.291% $4,711,546.10
*NOTE THAT 30, 60, 90, OR 120 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
Group II
5.03 (xxi) Delinquent Mortgage Loans :
Number Percent Principal Balance
30 TO 59 DAYS 16 10.27% $1,781,499.96
60 TO 89 DAYS 16 2.62% $455,039.32
90 TO 119 DAYS 8 4.84% $839,899.57
120 DAYS PLUS 9 3.22% $558,362.33
FORECLOSURE 21 14.88% $2,580,809.07
REO 10 7.217% $1,251,508.45
*NOTE THAT 30, 60, 90, OR 120 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
5.03 (xxi) Trigger Event NO
Subordination Trigger Event NO
DELTA FUNDING CORPORATION DISTRIBUTION DATE 3/26/01
DELTA FUNDING HOME EQUITY LOAN TRUST
SERIES 1998-1
PRINCIPAL INTEREST
5.03 (i) The Available Funds for Certificate Group 1 Group 1 $2,582,223.53 $1,394,669.54
The Available Funds for Certificate Group 2 Group 2 $481,632.63 $227,032.42
------------ ------------
Total $3,063,856.16 $1,621,701.96
5.03 (II), (III), (IV), (VIII)
CERTIFICATE GROUP 1
Cusip Beginning Certificate Interest
Class 24763L Balance Rate Distribution
- ---------- --------- --------------- ---- ------------
Class A-1F CX6 $0.00 5.640% $0.00
Class A-2F CY4 $0.00 6.310% $0.00
Class A-3F CZ1 $50,213,580.66 6.330% $264,876.64
Class A-4F DA5 $10,220,000.00 6.550% $55,784.17
Class A-5F DB3 $13,441,000.00 7.040% $78,853.87
Class A-6F DC1 $46,200,000.00 6.520% $251,020.00
Class I/OF DD9 $50,050,000.00 7.000% $291,958.33
Class M-1F DE7 $17,710,000.00 6.080% $83,748.62
Class M-2F DF4 $10,010,000.00 6.250% $48,659.72
Class B-1F DG2 $13,090,000.00 6.980% $71,064.16
TOTALS $160,884,580.66 $1,145,965.51
Interest LIBOR Principal
Carryover Carryover Principal Carryover Ending
Class Shortfall Shortfall Distribution Shortfall Balance
- ---------- ------------- ----- --------------- ----------- ---------------
Class A-1F $0.00 $0.00 $0.00 $0.00 $0.00
Class A-2F $0.00 $0.00 $0.00 $0.00 $0.00
Class A-3F $0.00 $0.00 $2,805,872.87 $0.00 $47,407,707.79
Class A-4F $0.00 $0.00 $0.00 $0.00 $10,220,000.00
Class A-5F $0.00 $0.00 $0.00 $0.00 $13,441,000.00
Class A-6F $0.00 $0.00 $0.00 $0.00 $46,200,000.00
Class I/OF $0.00 $0.00 n/a n/a $50,050,000.00
Class M-1F $0.00 $0.00 $0.00 $0.00 $17,710,000.00
Class M-2F $0.00 $0.00 $0.00 $0.00 $10,010,000.00
Class B-1F $0.00 $0.00 $0.00 $0.00 $13,090,000.00
TOTALS $0.00 $0.00 $2,805,872.87 $0.00 $158,078,707.79
CERTIFICATE GROUP 2
Cusip Beginning Certificate Interest
Class 24763L Balance Rate Distribution
------ ------ ----------------- ---- ------------
Class A-1A DH0 $0.00 6.28000% $0.00
Class A-2A DJ6 $3,567,183.62 5.74000% $15,925.49
Class IOA DK3 $10,120,000.00 6.80000% $57,346.67
Class M-1A DL1 $4,232,000.00 5.98000% $19,683.50
Class M-2A DM9 $4,094,000.00 6.12000% $19,487.44
Class B-1A DN7 $8,004,000.00 6.79000% $42,270.01
TOTALS $19,897,183.62 $154,713.12
Interest LIBOR Principal
Carryover Carryover Principal Carryover Ending
Class Shortfall Shortfall Distribution Shortfall Balance
- ------ --------- --------- ------------ --------- -------
Class A-1A $0.00 $0.00 $0.00 $0.00 $0.00
Class A-2A $0.00 $0.00 $553,900.68 $0.00 $3,013,282.94
Class IOA $0.00 $0.00 n/a $0.00 $10,120,000.00
Class M-1A $0.00 $0.00 $0.00 $0.00 $4,232,000.00
Class M-2A $0.00 $0.00 $0.00 $0.00 $4,094,000.00
Class B-1A $0.00 $0.00 $0.00 $0.00 $8,004,000.00
TOTALS $0.00 $0.00 $553,900.68 $0.00 $19,343,282.94
Prepayment Penalty $478.00
5.03 (v) The Amount of Excess Interest paid as Principal Group I $223,649.34
The Amount of Excess Interest paid as Principal Group II $164,518.41
5.03 (vi) Servicing Fee Group I $40,355.05
Servicing Fee Group II $2,330.06
Trustee Fee $448.21
5.03 (vii) Group I Group II
The Aggregate Principal Balance of the Mortgage Loans
(Before Distribution) $170,124,580.66 $21,967,183.62
The Aggregate Principal Balance of the Mortgage Loans
(After Distribution) $167,318,707.79 $21,321,032.58
Group I Group II
5.03 (ix) Overcollateralization Amount $9,240,000.00 $1,977,749.64
Required Overcollateralization Amount $9,240,000.00 $2,070,000.00
5.03 (x) Trigger Event (Yes/No) NO NO
5.03 (xi) The number and Principal Balances of all Mortgage Loans Group I 31 $2,170,957.52
that were subject to Principal Prepayments during the
Due Period Group II 5 $433,475.69
5.03 (xii) The amount of all Curtailments that were received during the
Due Period Group I ($1,401.74)
The amount of all Curtailments that were received during the
Due Period Group II $0.00
5.03 (xiii)The principal portion of all Monthly Payments received Group I $180,415.12
during the Due Period Group II $4,975.35
5.03 (xiv) The interest portion of all Monthly Payments received on Group I $1,435,024.59
the Mortgage Loans during the Due Period Group II $229,362.48
5.03 (xv) The amount of the Monthly Advances and the Compensating Interest Group I $627,886.59 $2,745.28
payments to be made on the Determination Date Group II $168,670.01 $1,661.01
Certificate Group 1
Beginning
Cusip Balance Certificate Interest Principal Ending Balance
Class 24763L Factor Per 1000 Rate Factor Per 1000 Factor Per 1000 Factor Per 1000
------ ------ --------------- ---- --------------- --------------- ---------------
Class A-1F CX6 0.000000000 5.64000% 0.000000000 0.000000000 0.0000000
Class A-2F CY4 0.000000000 6.31000% 0.000000000 0.000000000 0.0000000
Class A-3F CZ1 0.769226702 6.33000% 4.057670885 42.983438065 726.2432640
Class A-4F DA5 1.000000000 6.55000% 5.458333659 0.000000000 1000.0000000
Class A-5F DB3 1.000000000 7.04000% 5.866666915 0.000000000 1000.0000000
Class A-6F DC1 1.000000000 6.52000% 5.433333333 0.000000000 1000.0000000
Class I/OF DD9 1.000000000 7.00000% 5.833333267 0.000000000 1000.0000000
Class M-1F DE7 1.000000000 6.08000% 4.728888763 0.000000000 1000.0000000
Class M-2F DF4 1.000000000 6.25000% 4.861110889 0.000000000 1000.0000000
Class B-1F DG2 1.000000000 6.98000% 5.428888889 0.000000000 1000.0000000
Certificate Group 2
Beginning
Balance Certificate Interest Principal Ending Balance
Class Cusip Factor Per 1000 Rate Factor Per 1000 Factor Per 1000 Factor Per 1000
------ ------ --------------- ---- --------------- --------------- ---------------
Class A-1A DH0 0.000000000 6.28000% 0.000000000 0.000000000 0.0000000
Class A-2A DJ6 0.063002183 5.74000% 0.281269747 9.782774241 53.2194091
Class IOA DK3 1.000000000 6.80000% 5.666666667 0.000000000 1000.0000000
Class M-1A DL1 1.000000000 5.98000% 4.651111111 0.000000000 1000.0000000
Class M-2A DM9 1.000000000 6.12000% 4.760000000 0.000000000 1000.0000000
Class B-1A DN7 1.000000000 6.79000% 5.281111111 0.000000000 1000.0000000
5.03 (xvi) The amount distributed to the Class R Certificateholder $24,657.73
GROUP I GROUP II
5.03 (xvii)The weighted average remaining term to maturity 27900.0000% 32300.0000%
The weighted average Loan Rate 10.25% 13.12%
5.03 (xviii) The amount of all payments or reimbursements to the Servicer $0.00 $0.00
5.03 (xix) The number of Mortgage Loans outstanding prior to distribution 2164 265
The number of Mortgage Loans outstanding after distribution 2133 $260.00
5.03 (xx) The Amount of Liquidation Loan Losses $223,245.09 $164,668.41
Loan Losses as percentage of the Initial Collateral Balance 0.0725% 0.1790%
Cumulative Net Losses as percentage of the Initial Collateral Balance 0.71% 1.08%
NON-RECOVERABLE LOSS ADJUSTMENT $404.25 ($150.00)
Group I
5.03 (xxi) Delinquent Mortgage Loans :
Number Percent Principal Balance
30 TO 59 DAYS 142 7.639% $12,781,708.00
60 TO 89 DAYS 61 2.785% $4,659,282.16
90 TO 119 DAYS 42 2.096% $3,507,542.66
120+ DAYS 37 1.749% $2,926,858.17
FORECLOSURE 120 5.900% $9,872,028.59
REO 67 2.60% $4,344,442.40
*NOTE THAT 30, 60, 90, OR 120 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
Group II
5.03 (xxi) Delinquent Mortgage Loans :
Number Percent Principal Balance
30 TO 59 DAYS 28 12.578% $2,681,815.78
60 TO 89 DAYS 24 9.006% $1,920,148.14
90 TO 119 DAYS 11 4.459% $950,638.72
120+ DAYS 11 5.002% $1,066,415.36
FORECLOSURE 33 13.354% $2,847,176.60
REO 21 7.45% $1,588,666.25
*NOTE THAT 30, 60, 90, OR 120 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
5.03 (XXI) Trigger Event NO
Subordination Trigger Event NO
Amount of Delinquency Reimbursement Amount $708,170.36
Amount of Servicing Advance Reimbursements $283,393.51
Delta Funding Corporation
Delta Home Equity Loan Trust
Series 1998-2
Distribution Date 4/16/01
INTEREST PRINCIPAL TOTAL
-------- --------- -----
The Available Funds for Certificate Group 1 $1,665,699.97 $4,303,611.45 $5,969,311.42
The Available Funds for Certificate Group 2 $246,514.83 $397,863.75 $644,378.58
Interest advance Recovery $1,132,938.08
Servicing Advance Recovery $389,365.75
Certificate Group 1
Interest
Cusip Beginning Certificate Interest Carryover Principal
Class 24763L Balance Rate Distribution Shortfall Distribution
------ ------ ------- ---- ------------ --------- ------------
Class A-1F DP2 $0.00 6.250% $0.00 $0.00 $0.00
Class A-2F DQ0 $5,802,453.89 6.130% $29,640.87 $0.00 $4,520,758.91
Class A-3F DR8 $79,800,000.00 6.240% $414,960.00 $0.00 $0.00
Class A-4F DS6 $21,000,000.00 6.380% $111,650.00 $0.00 $0.00
Class A-5F DT4 $32,000,000.00 6.750% $180,000.00 $0.00 $0.00
Class A-6F DU1 $36,000,000.00 6.370% $191,100.00 $0.00 $0.00
Class I/OF DY3 $36,000,000.00 10.000% $300,000.00 $0.00 NA
Class M-1F DV9 $19,800,000.00 5.614% $98,802.00 $0.00 $0.00
Class M-2F DW7 $10,800,000.00 5.804% $55,716.00 $0.00 $0.00
Class B-1F DX5 $12,600,000.00 6.414% $71,834.00 $0.00 $0.00
Total $217,802,453.89 $1,453,702.87 $0.00 $4,520,758.91
Principal
Carryover Ending
Class Shortfall Balance
------ --------- -------
Class A-1F $0.00 $0.00
Class A-2F $0.00 $1,281,694.98
Class A-3F $0.00 $79,800,000.00
Class A-4F $0.00 $21,000,000.00
Class A-5F $0.00 $32,000,000.00
Class A-6F $0.00 $36,000,000.00
Class I/OF NA $36,000,000.00
Class M-1F $0.00 $19,800,000.00
Class M-2F $0.00 $10,800,000.00
Class B-1F $0.00 $12,600,000.00
Total $0.00 $213,281,694.98
Certificate Group 2
Interest
Cusip Certificate Interest Carryover Principal
Class 24763L Beginning Balance Rate Distribution Shortfall Distribution
------ ------ ----------------- ---- ------------ --------- ------------
Class A-1A DZ0 $0.00 6.14000% $0.00 $0.00 $0.00
Class A-2A EA4 $7,608,412.63 5.32375% $36,004.70 $0.00 $547,570.91
Class M-1A EB2 $7,012,500.00 5.53375% $34,493.71 $0.00 $0.00
Class M-2A EC0 $4,887,500.00 5.72375% $24,866.51 $0.00 $0.00
Class B-1A ED8 $4,037,500.00 6.31375% $22,659.35 $0.00 $0.00
Total $23,545,912.63 $118,024.27 $0.00 $547,570.91
GROUP TOTALS $241,348,366.52 $1,571,727.14 $0.00 $5,068,329.82
Principal
Carryover Ending
Class Shortfall Balance
------ --------- -------
Class A-1A $0.00 $0.00
Class A-2A $0.00 $7,060,841.72
Class M-1A $0.00 $7,012,500.00
Class M-2A $0.00 $4,887,500.00
Class B-1A $0.00 $4,037,500.00
Total $0.00 $22,998,341.72
GROUP TOTALS $0.00 $236,280,036.70
LIBOR 5.16375%
5.03 (v) The Amount of Excess Interest paid as Principal Group I $211,477.13
The Amount of Excess Interest paid as Principal Group II $128,433.64
5.03 (vi) Servicing Fee Group I $48,664.06
Servicing Fee Group II $2,784.87
Trustee Fee Group 1 $519.97
Trustee Fee Group 2 $56.92
Group I Group II
5.03 (vii) The Aggregate Principal Balance of the Mortgage Loans
(Before Distribution) $222,842,453.89 $24,395,912.63
The Aggregate Principal Balance of the Mortgage Loans
(After Distribution) $218,100,072.25 $23,660,697.03
Group I Group II
5.03 (ix) Overcollateralization Amount $4,818,377.27 $662,355.31
Required Overcollateralization Amount $5,040,000.00 $850,000.00
5.03 (x) Trigger Event (Yes/No) NO YES
5.03 (xi) The number and Principal Balances of all Mortgage Loans Group I 51 $3,452,293.22
that were subject to Principal Prepayments during
the Due Period Group II 8 $266,566.35
5.03 (xii) The amount of all Curtailments that were received during
the Due Period Group I ($1,512.74)
The amount of all Curtailments that were received during
the Due Period Group II $0.00
5.03 (xiii) The principal portion of all Monthly Payments received Group I $290,030.33
during the Due Period Group II $5,595.56
5.03 (xiv) The interest portion of all Monthly Payments received on Group I $1,714,364.03
the Mortgage Loans during the Due Period Group II $249,299.70
5.03 (xv) The amount of the Monthly Advances and the
Compensating Interest Group I $783,648.48 $6,367.93
payments to be made on the Determination Date Group II $178,641.93 $2,940.11
Certificate Group 1
Beginning Ending
Cusip Balance Certificate Interest Principal Balance
----- --------------- ------------ -------- ---------- ------------
Class 24763L Factor per 1000 Rate Factor per 1000 Factor per 1000 Factor per 1000
Class A-1F DP2 0.000000000 6.25000% 0.000000000 0.000000000 0.0000000
Class A-2F DQ0 0.341320817 6.13000% 1.743580588 265.926994877 75.3938222
Class A-3F DR8 1.000000000 6.24000% 5.200000000 0.000000000 1000.0000000
Class A-4F DS6 1.000000000 6.38000% 5.316666667 0.000000000 1000.0000000
Class A-5F DT4 1.000000000 6.75000% 5.625000000 0.000000000 1000.0000000
Class A-6F DU1 1.000000000 6.37000% 5.308333333 0.000000000 1000.0000000
Class I/OF DY3 1.000000000 10.00000% 8.333333333 0.000000000 1000.0000000
Class M-1F DV9 1.000000000 5.61375% 4.990000000 0.000000000 1000.0000000
Class M-2F DW7 1.000000000 5.80375% 5.158888889 0.000000000 1000.0000000
Class B-1F DX5 1.000000000 6.41375% 5.701111111 0.000000000 1000.0000000
Certificate Group 2
Beginning Ending
Balance Certificate Interest Principal Balance
--------------- ------------ -------- ---------- --------------
Class Cusip Factor per 1000 Rate Factor per 1000 Factor per 1000 Factor per 1000
Class A-1A DZ0 0.000000000 6.14000% 0.000000000 0.000000000 0.0000000
Class A-2A EA4 0.140733644 5.32375% 0.665982878 10.128479285 130.6051647
Class M-1A EB2 1.000000000 5.53375% 4.918888889 0.000000000 1000.0000000
Class M-2A EC0 1.000000000 5.72375% 5.087777778 0.000000000 1000.0000000
Class B-1A ED8 1.000000000 6.31375% 5.612222222 0.000000000 1000.0000000
5.03 (xvi) The amount distributed to the Class R Certificateholder $0.00
GROUP I Group II
5.03 (xvii) The weighted average remaining term to maturity 283 325
The weighted average Loan Rate 10.04% 13.13%
5.03 (xviii) The amount of all payments or reimbursements to the Servicer $0.00 $0.00
5.03 (xix) The number of Mortgage Loans outstanding prior to distribution 2733 258
The number of Mortgage Loans outstanding after distribution 2682 250
5.03 (xx) The Amount of Liquidation Loan Losses $438,770.19 $337,351.85
Loan Losses as percentage of the Initial
Collateral Balance 0.1219% 0.3969%
Cumulative Net Losses as percentage of the
Initial Collateral Balance 0.59% 0.96%
Non-Recoverable Loss Adjustment ($5,810.64) ($21,273.52)
Group I
5.03 (xxi) Delinquent Mortgage Loans :
All Delinquencies are exclusive of each other Number Percent Principal Balance
30 TO 59 DAYS 170 6.246% $13,623,205.62
60 TO 89 DAYS 76 3.054% $6,659,717.46
90 TO 119 DAYS 36 1.155% $2,520,135.29
120+ DAYS 40 1.533% $3,343,635.51
FORECLOSURE 159 5.93% $12,929,766.65
REO 66 2.04% $4,458,411.03
*NOTE THAT 30, 60, 90, OR 120 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
*NOTE THAT 30, 60, 90, OR 120 PLUS DAYS MAY INCLUDE BANKRUPTCY
Group II
5.03 (xxi) Delinquent Mortgage Loans :
All Delinquencies are exclusive of each other Number Percent Principal Balance
30 TO 59 DAYS 20 7.350% $1,739,115.55
60 TO 89 DAYS 11 4.849% $1,147,295.02
90 DAYS PLUS 9 5.30% $1,253,707.71
120+ DAYS 11 4.79% $1,134,198.86
FORECLOSURE 27 10.84% $2,563,611.95
REO 23 8.26% $1,954,687.72
*NOTE THAT 30, 60, 90, OR 120 PLUS DAYS DOES NOT INCLUDE REO OR FORECLOSURE
*NOTE THAT 30, 60, 90, OR 120 PLUS DAYS MAY INCLUDE BANKRUPTCY
5.03 (xxi) Trigger Event NO
Subordination Trigger Event NO
Delta Funding Corporation
Delta Home Equity Loan Trust
Series 1998-3
DISTRIBUTION DATE 4/16/01
Interest Advance Recovery $1,099,550.37
Servicing Advance Recovery $257,919.34
TOTAL $1,357,469.71
Interest Principal
The Available Funds for Certificate Group 1 $2,178,186.72 $4,743,994.61
The Available Funds for Certificate Group 2 $119,647.12 $942,900.71
TOTAL $2,297,833.83 $5,686,895.32
5.03 (ii,iii)
CERTIFICATE GROUP 1
Beginning Certificate Interest Principal Ending
Class Cusip Balance Rate Distribution Distribution Balance
------ --------- --------------- ------------ ------------ ------------ --------------
Class A-1 24763LEE6 $0.00 0.000% $0.00 $0.00 $0.00
Class A-2 24763LEF3 $74,226,393.36 5.860% $362,472.22 $5,002,618.51 $69,223,774.85
Class A-3 24763LEG1 $58,921,000.00 5.960% $292,640.97 $0.00 $58,921,000.00
Class A-4 24763LEH9 $68,805,000.00 6.220% $356,639.25 $0.00 $68,805,000.00
Class A-5 24763LEJ5 $32,016,000.00 6.410% $171,018.80 $0.00 $32,016,000.00
Class A-6 24763LEK2 $44,500,000.00 5.930% $219,904.17 $0.00 $44,500,000.00
Class IO 24763LEL0 $57,479,000.00 4.065% $194,690.00 NA $38,938,000.00
Class BIO F9803101 $0.00 NA $281,315.77 NA $0.00
Class R $0.00 NA $0.00 $0.00 $0.00
TOTALS $278,468,393.36 $1,878,681.17 $5,002,618.51 $273,465,774.85
CERTIFICATE GROUP 2
Cusip Certificate Interest Principal Ending
Class US24863LB Beginning Balance Rate Distribution Distribution Balance
------ --------- ----------------- ------------- ------------ ------------ --------------
Class A-1A 24763LEM8 $10,884,431.06 5.81000% $52,668.55 $1,023,393.08 $9,861,037.98
TOTALS $289,352,824.42 $1,931,349.73 $6,026,011.59 $283,326,812.83
GROUP 1 GROUP 2
------- -------
One Month LIBOR rate 5.16375%
5.03 (iv) The number and Principal Balances of all Mortgage Loans 56 8
that were subject to Principal Prepayments during the Due Period $3,858,030.97 $695,661.01
The amount of all Curtailments that were received during the ($984.01) $0.00
Due Period
The principal portion of all Monthly Payments received $392,615.07 $7,398.00
during the Due Period
5.03 (v) The Amount of Excess Interest for each Loan Group paid as $258,123.71 $80,492.37
principal
5.03 (vi) SERVICING FEE $63,476.32 $2,050.92
Premium Amount $26,207.14 $946.40
Reimbursement Amount to Certificate Insurer $0.00 $0.00
TRUSTEE FEE $685.06 $29.42
5.03 (vii)The Aggregate Principal Balance of the Mortgage Loans
(Before Distribution $293,598,393.36 $12,609,431.06
The Aggregate Principal Balance of the Mortgage Loans
(After Distribution) $288,595,774.85 $11,586,037.98
The Certificate Principal Balance (Before Distribution) $278,468,393.36 $10,884,431.06
The Certificate Principal Balance (After Distribution) $273,465,774.85 $9,861,037.98
CERTIFICATE GROUP 1
Cusip Beginning Balance Certificate Interest Principal Ending Balance
Class US24863LB Factor Per 1000 Rate Factor Per 1000 Factor Per 1000 Factor Per 1000
------ --------- --------------- ------------ --------------- --------------- ---------------
Class A-1 A70 0.000000000 6.600% 0.000000000 0.000000000 0.0000000
Class A-2 B53 0.782269179 6.920% 3.820081160 52.722409101 729.5467703
Class A-3 C37 1.000000000 7.260% 4.966666667 0.000000000 1000.0000000
Class A-4 D10 1.000000000 7.460% 5.183333333 0.000000000 1000.0000000
Class A-5 E92 1.000000000 7.740% 5.341666667 0.000000000 1000.0000000
Class A-6 F76 1.000000000 7.210% 4.941666667 0.000000000 1000.0000000
Class S 0.508195997 4.0646% 1.721336115 NA 344.2672231
Delta Funding Corporation
Delta Home Equity Loan Trust
Series 1998-3
CERTIFICATE GROUP 2
Beginning Balance Interest Principal Ending Balance
Class Cusip Factor Per 1000 Certificate Rate Factor Per 1000 Factor Per 1000 Factor Per 1000
------ ------ --------------- ---------------- --------------- --------------- ---------------
Class A-1A 0.362814369 5.80667% 1.755618417 34.113102667 328.7012660
GROUP 1 GROUP 2
5.03 (ix) Overcollateralization Amount $15,130,000.00 $1,725,000.00
Specified Overcollateralization Amount $15,130,000.00 $1,725,000.00
5.03 (x) The amount of any Insured Payments $0.00 $0.00
5.03 (xiv) The interest portion of all Monthly Payments received on $1,210,603.48 $48,208.87
the Mortgage Loans during the Due Period
5.03 (xv) The amount of the Monthly Advances and the Compensating Interest $1,031,059.56 $73,489.17
payments to be made on the Determination Date $9,699.34 $0.00
5.03 (xvi) The amount distributed to the Class R Certificateholder 0.00 $0.00
5.03 (xvii) The weighted average remaining term to maturity 287 329
The weighted average Loan Rate 9.95% 12.41%
5.03 (xviii) The amount of all payments or reimbursements to the Servicer $0.00 $0.00
5.03 (xix) The number of Mortgage Loans outstanding prior to distribution 3612 131
The number of Mortgage Loans outstanding after distribution 3556 123
5.03 (xx) The Amount of Liquidation Loan Losses 258,623.90 80,492.37
Loan Losses as percentage of the Initial Collateral Balance 0.0581% 0.2683%
Cumulative Net Losses as percentage of the Initial Collateral Balance 0.53% 0.75%
Non-Recoverable Loss Adjusment (500.19) $0.00
5.03 (xxi) Delinquent Mortgage Loans : Group 1
All Delinquencies are exclusive of each other Number Percent Principal Balance
30 TO 59 DAYS 219 6.676302% $19,267,524.30
60 TO 89 DAYS 90 2.711090% $7,824,090.59
90 PLUS DAYS 73 1.738918% $5,018,444.30
FORECLOSURE 200 5.531301% $15,963,101.46
BANKRUPTCY 170 4.851755% $14,001,959.31
REO 73 1.637602% $4,726,048.84
*NOTE THAT 30, 60, OR 90 PLUS DAYS DOES NOT INCLUDE REO, FORECLOSURE, OR BANKRUPTCY
Delinquent Mortgage Loans: Group 2
All Delinquencies are exclusive of each other Number Percent Principal Balance
30 TO 59 DAYS 9 6.585212% $762,965.15
60 TO 89 DAYS 8 7.470909% $865,582.40
90 PLUS DAYS 2 1.947321% $225,617.32
FORECLOSURE 18 14.518350% $1,682,101.51
BANKRUPTCY 6 3.501820% $405,722.15
REO 5 3.818194% $442,377.44
*NOTE THAT 30, 60, OR 90 PLUS DAYS DOES NOT INCLUDE REO, FORECLOSURE, OR BANKRUPTCY
Prepayment Penalty $37,030.86
Delta Funding Coproration
Home Equity Loan Trust
Series 1998-4 Distribution Date 4/16/01
Interest Principal
5.03 (i) The Available Funds for Certificate Group 1 $1,875,025.11 $4,307,841.66
The Available Funds for Certificate Group 2 $141,141.69 $732,241.69
Total $2,016,166.80 $5,040,083.35
Interest Advance Recovery $915,654.71
Servicing Advance Recovery $203,192.83
5.03 (ii,iii,viii)
Certificate Group 1
Beginning Certificate Interest Principal Ending
Class CUSIP Balance Rate Distribution Distribution Balance
Class A-1 24763LEP1 $0.00 6.160% $0.00 $0.00 $0.00
Class A-2 24763LEQ9 $67,184,897.16 5.960% $333,684.99 $4,623,390.07 $62,561,507.09
Class A-3 24763LER7 $133,200,000.00 6.340% $703,740.00 $0.00 $133,200,000.00
Class A-4 24763LES5 $36,800,000.00 6.190% $189,826.67 $0.00 $36,800,000.00
Class B 24763LET3 $14,000,000.00 6.750% $78,750.00 $0.00 $14,000,000.00
Class IO 24763LEU0 $60,500,000.00 6.000% $245,000.00 NA $49,000,000.00
Class BIO $0.00 N/A $3,559.47 $0.00 $0.00
Residual $0.00 N/A $0.00 $0.00 $0.00
TOTALS $251,184,897.16 $1,554,561.12 $4,623,390.07 $246,561,507.09
Certificate Group 2
Beginning Certificate Interest Principal Ending
Class CUSIP Balance Rate Distribution Distribution Balance
Class A-1A 24763LEV8 $15,581,591.21 5.76375% $79,829.69 $768,127.58 $14,813,463.63
TOTALS $266,766,488.37 $1,634,390.81 $5,391,517.65 $261,374,970.72
**Class A-1A Certificate rate is a variable rate.
GROUP 1 GROUP 2
5.03 (v) The Amount of Excess Interest for each Loan Group paid as $0.00 $0.00
principal
5.03 (vi) SERVICING FEE $59,252.60 $2,343.10
Premium Amount $20,753.68 $1,363.39
Reimbursement Amount to Certificate Insurer $0.00 $0.00
TRUSTEE FEE $514.37 $31.16
5.03 (vii) The Aggregate Principal Balance of the Mortgage Loans
(Before Distribution) $257,184,897.16 $15,581,591.21
The Aggregate Principal Balance of the Mortgage Loans
(After Distribution) $252,561,507.09 $14,813,463.63
The Certificate Principal Balance (Before Distribution) $251,184,897.16 $15,581,591.21
The Certificate Principal Balance (After Distribution) $246,561,507.09 $14,813,463.63
5.03 (ix) Overcollateralization Amount $6,000,000.00
Required Overcollateralization Amount $6,000,000.00
5.03 (x) The amount of any Insured Payments $0.00 $0.00
5.03 (xi) The number and Principal Balances of all Mortgage Loans 53 8
that were subject to Principal Prepayments during
the Due Period $3,746,330.97 $656,083.28
5.03 (xii) The amount of all Curtailments that were received during the ($574.14) ($323.54)
Due Period
5.03 (xiii) The principal portion of all Monthly Payments received $312,771.84 $4,367.84
during the Due Period
Certificate Group 1
CUSIP Beginning Balance Certificate Interest Principal Ending Balance
Class 24783LE Factor per 1000 Rate Factor per 1000 Factor per 1000 Factor per 1000
Class A-1 P13 0.000000000 6.160% 0.000000000 0.000000000 0.0000000
Class A-2 Q95 0.894367641 5.960% 4.442025948 61.546726171 832.8209144
Class A-3 R78 1.000000000 6.340% 5.283333333 0.000000000 1000.0000000
Class A-4 S51 1.000000000 6.190% 5.158333333 0.000000000 1000.0000000
Class B T35 1.000000000 6.750% 5.625000000 0.000000000 1000.0000000
Class IO U08 0.517094017 6.000% 2.094017094 0.000000000 418.8034188
Certificate Group 2
Ending
Beginning Balance Certificate Interest Principal Balance
Class Cusip Factor per 1000 Rate Factor per 1000 Factor per 1000 Factor per 1000
Class A-1A 0.486924725 5.764% 2.494677676 24.003986875 462.9207384
**Class A-1A Certificate rate is a variable rate.
One Month LIBOR rate 5.16375%
GROUP 1 GROUP 2
5.03 (xiv) The interest portion of all Monthly Payments received on $1,119,949.10 $52,060.72
the Mortgage Loans during the Due Period
5.03 (xv) The amount of the Monthly Advances and the Compensating Interest $814,328.61 $91,424.07
payments to be made on the Determination Date $5,432.51 $0.00
5.03 (xvi) The amount distributed to the Class R Certificateholder $0.00 $0.00
5.03 (xvii) The weighted average remaining term to maturity 298 332
The weighted average Loan Rate 9.8607% 11.8629%
5.03 (xviii)The amount of all payments or reimbursements to the Servicer $0.00 $0.00
5.03 (xvii) The number of Mortgage Loans outstanding prior to distribution 2855 191
The number of Mortgage Loans outstanding after distribution 2802 183
5.03 (xx) The Amount of Liquidation Loan Losses $315,548.41 $35,885.89
Loan Losses as percentage of the Initial Collateral Balance 0.09% 0.11%
Cumulative Net Losses as percentage of the Initial Collateral Balanne 0.41% 0.36%
Non-Recoverable Loss Ajustment $5,403.47 $2,275.62
5.03 (xxi) Delinquent Mortgage Loans: Group 1
All Delinquencies are exclusive of each other Number Percent Principal Balance
30 TO 59 DAYS 193 6.9755040% $17,617,437.68
60 TO 89 DAYS 70 2.7717440% $7,000,359.45
90 PLUS DAYS 54 2.0578660% $5,197,377.96
FORECLOSURE 144 4.7638050% $12,031,538.91
BANKRUPTCY 87 3.439752% $8,687,490.15
REO 59 1.632165% $4,122,219.74
*NOTE THAT 30, 60, OR 90 PLUS DAYS DOES NOT INCLUDE REO, FORECLOSURE, OR BANKRUPTCY
Delinquent Mortgage Loans: Group 2
All Delinquencies are exclusive of each other Number Percent Principal Balance
30 TO 59 DAYS 17 9.32% $1,381,223.22
60 TO 89 DAYS 9 4.24% $628,078.99
90 PLUS DAYS 5 1.70% $251,414.43
FORECLOSURE 18 9.06% $1,342,833.88
BANKRUPTCY 14 7.36% $1,090,756.99
REO 12 6.28% $929,580.78
*NOTE THAT 30, 60, OR 90 PLUS DAYS DOES NOT INCLUDE REO, FORECLOSURE, OR BANKRUPTCY
5.03 (xxii) LIBOR Carryover Shortfall Amount $0.00
5.03 (xxiii)Allocated Pre-Funded Amount $0.00
Prepayment Penalty $17,173.64
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-1
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
A-1F 24763LEW6 SEN_FIX 5.81000% 590,982.51 2,861.34 590,982.51
A-2F 24763LEX4 SEN_FIX 5.98000% 71,700,000.00 357,305.00 2,969,236.96
A-3F 24763LEY2 SEN_FIX 6.13000% 34,800,000.00 177,770.00 0.00
A-4F 24763LEZ9 SEN_FIX 6.39000% 52,100,000.00 277,432.50 0.00
A-5F 24763LFA3 SEN_FIX 6.81000% 25,750,000.00 146,131.25 0.00
A-6F 24763LFB1 SEN_FIX 6.34000% 32,000,000.00 169,066.67 0.00
IOF 24763LFC9 SEN_NTL_I 6.00000% 0.00 243,000.00 0.00
A-1A 24763LFD7 SEN_FIX 5.84875% 29,943,478.61 136,213.72 61,902.54
A-2A 24763LFE5 SEN_FIX 5.95000% 7,776,664.57 38,559.30 557,122.90
B 24763LFF2 JUN_FIX 6.80000% 11,250,000.00 63,750.00 0.00
BIO DFH991BIO JUN_FIX 0.00000% 0.00 436,272.70 0.00
R-1 DFH9901R1 JUN_RES 0.00000% 0.00 0.00 0.00
R-2 DFH9901R2 JUN_RES 0.00000% 0.00 0.00 0.00
R-3 DFH9901R3 JUN_RES 0.00000% 0.00 0.00 0.00
Totals 265,911,125.69 2,048,362.48 4,179,244.91
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
A-1F 0.00 0.00 593,843.85 0.00
A-2F 0.00 68,730,763.04 3,326,541.96 0.00
A-3F 0.00 34,800,000.00 177,770.00 0.00
A-4F 0.00 52,100,000.00 277,432.50 0.00
A-5F 0.00 25,750,000.00 146,131.25 0.00
A-6F 0.00 32,000,000.00 169,066.67 0.00
IOF 0.00 0.00 243,000.00 0.00
A-1A 0.00 29,881.576.06 198,116.26 0.00
A-2A 0.00 7,219,541.67 595,682.20 0.00
B 0.00 11,250,000.00 63,750.00 0.00
BIO 0.00 0.00 436,272.70 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00
Totals 0.00 261,731,880.77 6,227,607.39 0.00
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-1
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class Amount Balance Distribution Distribution Accretion
A-1F 92,400,000.00 590,982.51 0.00 590,982.51 0.00
A-2F 71,700,000.00 71,700,000.00 0.00 2,969,236.96 0.00
A-3F 34,800,000.00 34,800,000.00 0.00 0.00
A-4F 52,100,000.00 52,100,000.00 0.00 0.00 0.00
A-5F 25,750,000.00 25,750,000.00 0.00 0.00 0.00
A-6F 32,000,000.00 32,000,000.00 0.00 0.00 0.00
IOF 0.00 0.00 0.00 0.00 0.00
A-1A 44,000,000.00 29,943,478.61 0.00 61,902.54 0.00
A-2A 11,000,000.00 7,776,664.57 0.00 557,122.90 0.00
B 11,250,000.00 11,250,000.00 0.00 0.00 0.00
BID 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 O.00
R-2 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 O.00
Total 375,000,000.00 265,911,125.69 0.00 4,179,244.91 0.00
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (1) Reduction Balance Percentage Distribution
A-1F 0.00 590,982.51 0.00 0.00000000 590,982.51
A-2F 0.00 2,969,236.96 68,730,763.04 0.95858805 2,969,236.96
A-3F O.00 0.00 34,800,000.00 1.00000000 0.00
A-4F 0.00 0.00 52,100,000.00 1.00000000 0.00
A-5F 0.00 0.00 25,750,000.00 1.00000000 0.00
A-6F 0.00 0.00 32,000,000.00 1.00000000 0.00
IOF 0.00 0.00 0.00 0.00000000 0.00
A-1A 0.00 61,902.54 29,881,576.06 0.67912673 61,902.54
A-2A 0.00 557,122.90 7,219,541.67 0.65632197 557,122.90
B 0.00 0.00 11,250,000.00 1.00000000 0.00
BID 0.00 0.00 0.00 0.00000000 0.00
R-1 0.00 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00 0.00000000 0.00
R-3 0.00 0.00 0.00 0.00000000 0.00
Totals 0.00 4,179,244.91 261,731,880.77 0.69795168 4,179,244.91
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Descript
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-1
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
A-1F 92,400,000.00 6.39591461 0.00000000 6.39591461 0.00000000
A-2F 71,700,000.00 1000.00000000 0.00000000 41.41195202 0.00000000
A-3F 34,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4F 52,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5F 25,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6F 32,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IOF 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-1A 44,000,000.0O 680.53360477 0.00000000 1.40687591 0.00000000
A-2A 11,000,000.00 706.96950636 0.00000000 50.64753636 0.00000000
B 11,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class (2) Loss (3) Reduction Balance Percentage Realized
A-1F 0.00000000 6,39591461 0.00000000 0.00000000 6.39591461
A-2F 0.00000000 41,41195202 958.58804798 0.95858805 41.41195202
A-3F 0.00000000 0.00000000 1000.00000000 0.00000000 0.00000000
A-4F 0.00000000 0.00000000 1000.00000000 0.00000000 0.00000000
A-5F 0.00000000 0.00000000 1000.00000000 0.00000000 0.00000OOO
A-6F 0.00000000 0.00000000 1000.00000000 0.00000000 0.00000000
IOF 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-1A 0.00000000 1.40687591 679.12672864 0.67912673 1.40687591
A-2A 0.00000000 50.64753636 656.32197000 0.65632197 50.64753636
B 0.00000000 0.00000000 1000.00000000 0.00000000 0.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
All denominations are Per $1,000.
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-1
Interest Distribution Statement
Class Original Current Beginning Current Payment of Current
Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Interest Shortfall
Balance Shortfall
A-1F 92,400,000.00 5.81000% 590,982.51 2,861.34 0.00 0.00
A-2F 71,700,000.00 5.98000% 71,700,000.00 357,305.00 0.00 0.00
A-3F 34,800,000.00 6.13000% 34,800,000.00 177,770.00 0.00 0.00
A-4F 52,100,000.00 6.39000% 52,100,000.00 277,432.50 0.00 0.00
A-5F 25,750,000.00 6.81000% 25,750,000.00 146,131.25 0.00 0.00
A-6F 32,000,000.00 6.34000% 32,000,000.00 169,066.67 0.00 0.00
IOF 0.00 6.00000% 48,600,000.00 243,O00.00 0.00 0.00
A-1A 44,000,000.00 5.84875% 29,943,478.61 136,213.72 0.00 0.00
A-2A 11,000,000.00 5.95000% 7,776,664.57 38,559.30 0.00 0.00
B 11,250,000.00 6,80000% 11,250,000.00 63,750.00 0.00 0.00
BIO 0.00 0.00000% 0.00 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
R-2 0.00 0.00000% 0.00 0.00 0.00 0.00
R-3 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 375,000,000.00 1,612,089.78 0.00 0.00
Class Non-Supported Realized Total Remaining Ending
Interest Loss (4) Interest Unpaid Certificate/
Shortfall Distribution Interest Notional
Shortfall Balance
A-1F 0.00 0.00 2,861.34 0.00 0.00
A-2F 0.00 0.00 357,305.00 0.00 68,730,763.04
A-317 0.00 0.00 177,770.00 0.00 34,800,000.00
A-4F 0.00 0.00 277,432.50 0.00 52,100,000.00
A-5F 0.00 0.00 146,131.25 0.00 25,750,000.00
A-6F 0.00 0.00 169,066.67 0.00 32,000,000.00
IOF 0.00 0.00 243,000.00 0.00 40,000,000.00
A-1A 0.00 0.00 136,213.72 0.00 29,881,576.06
A-2A 0.00 0.00 38,559.30 0.00 7,219,541.67
B 0.00 0.00 63,750.00 0.00 11,250,000.00
BIO 0.00 0.00 436,272.70 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 2,048,362.48 0.00
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud
Losses Unless Otherwise Disclosed. Please Refer to the Prospectus
Supplement for a Full Description.
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-1
Interest Distribution Factors Statement
Original Current Beginning Current Payment of Current
Class (5) Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Interest Shortfall
Balance Shortfall
A-1F 92,400,000.00 5.81000 % 6.39591461 0.03096688 0.00000000 0.00000000
A-2F 71.700,000.00 5.98000 % 1000.00000000 4.98333333 0.00000000 0.00000000
A-3F 34,800,000.00 6.13000 % 1000.00000000 5.10833333 0.00000000 0.00000000
A-4F 52,100,000.00 6.39000 % 1000.00000000 5.32500000 0.00000000 0.00000000
A-5F 25,750,000.00 6.81000 % 1000.00000000 5.67500000 0.00000000 0.00000000
A-6F 32,000,000.00 6.34000 % 1000.00000000 5.28333344 0.00000000 0.00000000
IOF 0.00 6.00000 % 374.71087124 1.87355436 0.00000000 0.00000000
A-1A 44,000,000.00 5.84875 % 680.53360477 3.09576636 0.00000000 0.00000000
A-2A 11,000,000.00 5.95000 % 706.96950636 3.50539091 0.00000000 0.00000000
B 11,250,000.00 6.80000 % 1000.00000000 5.66666667 0.00000000 0.00000000
BIO 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
Non-Supported Total Remaining Ending
Class (5) Interest Realized Interest Unpaid Certificate/
Shortfall Loss (6) Distribution Interest Notional
Shortfall Balance
A-1F 0.00000000 0.00000000 0.03096688 0.00000000 0.00000000
A-2F 0.00000000 0.00000000 4.98333333 0.00000000 958.58804798
A-3F 0.00000000 0.00000000 5.10833333 0.00000000 1000.00000000
A-4F 0.00000000 0.00000000 5.32500000 0.00000000 1000.00000000
A-5F 0.00000000 0.00000000 5.67500000 0.00000000 1000.00000000
A-6F 0.00000000 0.00000000 5.28333344 0.00000000 1000.00000000
IOF 0.00000000 0.00000000 1.87355436 0.00000000 308.40400925
A-1A 0.00000000 0.00000000 3.09576636 0.00000000 679.12672864
A-2A 0.00000000 0.00000000 3.50539091 0.00000000 656.32197000
B 0.00000000 0.00000000 5.66666667 0.00000000 1000.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
All denominations are Per $1,000
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-1
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
0C 0.00000% 0.00 0.00 0.00 0.00 0.00000000%
MBIA 1,200.00000% 22,282.85 21,917.17 0.00 0.00 68.86102604%
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-1
Certificateholder Account Statement
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,483,814.44
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 1,000,081.74
Realized Losses (120,661.74)
Total Deposits 6,363,234.44
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 135,627.05
Payment of Interest and Principal 6,227,607.39
------------
Total Withdrawals (Pool Distribution Amount) 6,363,234.44
Ending Balance 0.00
============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall
Servicing Fee Support 3,559.35
Non-Supported Prepayment/Curtailment Interest Shortf 0.00
SERVICING FEES
Gross Servicing Fee 113,504.63
Trustee Fee- Wells Fargo Bank, N.A. 3,398.92
Supported Prepayment/Curtailment Interest Shortfall 3,559.35
----------
Net Servicing Fee 113,344.20
==========
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
Financial Guaranty 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0.00 0.00
Reserve Fund 5,000.00 0.00 0.00 5,000.00
Reserve Fund 5,000.00 0.00 0.00 5,000.00
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-1
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT BANKRUPTCY
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 65 4,897,557.14
30 Days 194 16,482,865.61 30 Days 28 1,807,835.47
60 Days 96 7,926,986.88 60 Days 13 1,058,286.92
90 Days 54 4,076,685.21 90 Days 8 447,641.21
120 Days 32 2,160,212.83 120 Days 33 2,310,423.29
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------- -------- --------------
376 30,646,750.53 147 10,521,744.03
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 2.002465 % 1.829269 %
30 Days 5.976587 % 6.156455 % 30 Days 0.862600% 0.675238 %
60 Days 2.957486 % 2.960780 % 60 Days 0.400493% 0.395277 %
90 Days 1.663586 % 1.522668 % 90 Days 0.246457% 0.167197 %
120 Days 0.985829 % 0.806853 % 120 Days 1.016636% 0.862958 %
150 Days 0.000000 % 0.000000 % 150 Days 0.000000% 0.000000%
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000% 0.000000%
-------- --------- -------- ---------
1.583487 % 11.446756 % 4.528651 % 3.929938 %
FORECLOSURE REO Total
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 65 4,897,557.14
30 Days 0 0.00 30 Days 0 0.00 30 Days 222 18,290,701.08
60 Days 0 0.00 60 Days 0 0.00 60 Days 109 8,985,273.80
90 Days 0 0.00 90 Days 0 0.00 90 Days 62 4,524,326.42
120 Days 184 15,045,598.08 120 Days 63 3,902,908.53 120 Days 312 23,419,142.73
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------- ------- ------------ -------- --------------
184 15,045,598.08 63 3,902,908.53 770 60,117,001.17
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 2.002465% 1.829269 %
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 6.839187 % 6.831693 %
60 Days 0.000000% 0.000000% 60 Days 0.000000 % 0.000000% 60 Days 3.357979 % 3.356057 %
90 Days 0.000000 % 0.000000% 90 Days 0.000000% 0.000000% 90 Days 1.910043 % 1.689865 %
120 Days 5.668515 % 5.619627% 120 Days 1.940850 % 1.457761 % 120 Days 9.611830 % 8.747199 %
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- --------- -------- --------- ----------
5.668515 % 5.619627 % 1.940850 % 1.457761 % 23.721503 % 22.454082 %
(7) The 120 day category for delinquent, bankruptcy, foreclosure, REO contains
loans that are 120 days or more delinquent.
Current Period Realized Loss - Includes Interest Shortfall 120,661.74
Principal Balance of Contaminated Properties 0.00
Cumulative Realized Losses - Includes Interest Shortfall 806,462.83
Periodic Advance 1,000,081.74
Current Period Class A Insufficient Funds 0.00
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-1
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No of Principal No of Principal No of Principal
1 Loans Balance Loans Balance Loans Balance
0-29 Days 54 4,149,770.55 0-29 Days 0 0.00
30 Days 160 13,734,811.54 30 Days 23 1,457,137.16 30 Days 0 0.00
60 Days 75 6,214,002.35 60 Days 10 881,595.56 60 Days 0 0.00
90 Days 48 3,674,550.33 90 Days 4 167,765.86 90 Days 0 0.00
120 Days 23 1,570,796.91 120 Days 23 1,411,487.58 120 Days 147 11,529,886.37
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------- -------- ------------ -------- --------------
306 25,194,161.13 114 8,067,756.71 147 11,529,886.37
0-29 Days 1.917614% 1.799499% 0-29 Days 0.000000% 0.000000%
30 Days 5.681818% 5.955939% 30 Days 0.816761% 0.631870% 30 Days 0.000000% 0.000000%
60 Days 2.663352% 2.694629% 60 Days 0.355114% 0.382293% 60 Days 0.000000% 0.000000%
90 Days 1.704545% 1.593425% 90 Days 0.142045% 0.072750% 90 Days 0.000000% 0.000000%
120 Days 0.816761% 0.681157% 120 Days 0.816761% 0.612075% 120 Days 5.220170% 4.999799%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
--------- --------- -------- -------- -------- ---------
10.866477 % 10.925150% 4.048295% 3.498487% 5.220170% 4.999799%
REO Total
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 54 4,149,770.55
30 Days 0 0.00 30 Days 183 15,191,948.70
60 Days 0 0.00 60 Days 85 7,095,597.91
90 Days 0 0.00 90 Days 52 3,842,316.19
120 Days 52 3,142,660.21 120 Days 245 17,654,831.07
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------ -------- -------------
52 3,142,660.21 619 47,934,464.42
0-29 Days 0.000000% 0.000000% 0-29 Days 1.917614% 1.799499%
30 Days 0.000000% 0.000000% 30 Days 6.498580% 6.587809%
60 Days 0.000000% 0.000000% 60 Days 3.018466% 3.076922%
90 Days 0.000000% 0.000000% 90 Days 1.846591% 1.666175%
120 Days 1.846591% 1.362777% 120 Days 8.700284% 7.655809%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- --------- ---------
1.846591% 1.362777% 21.981534% 20.786213%
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No of Principal No of Principal No of Principal
2 Loans Balance Loans Balance Loans Balance
0-29 Days 11 747,786.59 0-29 Days 0 0.00
30 Days 34 2,748,054.07 30 Days 5 350,698.31 30 Days 0 0.00
60 Days 21 1,712,984.53 60 Days 3 176,691.36 60 Days 0 0.00
90 Days 6 402,134.88 90 Days 4 279,875.35 90 Days 0 0.00
120 Days 9 589,415.92 120 Days 10 899,935.71 120 Days 37 3,515,711.71
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------ -------- ------------ -------- ------------
70 5,452,589.40 33 2,453,987.32 37 3,515,711.71
0-29 Days 2.558140% 2.014183% 0-29 Days 0.000000% 0.000000%
30 Days 7.906977% 7.401956% 30 Days 1.162791% 0.944615% 30 Days 0.000000% 0.000000%
60 Days 4.883721% 4.613969% 60 Days 0.697674% 0.475923% 60 Days 0.000000% 0.000000%
90 Days 1.395349% 1.083161% 90 Days 0.930233% 0.753852% 90 Days 0.000000% 0.000000%
120 Days 2.093023% 1.587607% 120 Days 2.325581% 2.421307% 120 Days 8.604651% 9.469662%
150 Davs 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
--------- --------- -------- -------- -------- ---------
16.279070 % 14.686693% 7.674419% 6.609879% 8.604651% 9.469662%
REO Total
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 11 747,786.59
30 Days 0 0.00 30 Days 39 3,098,752.38
60 Days 0 0.00 60 Days 24 1,889,675.89
90 Days 0 0.00 90 Days 10 682,010.23
120 Days 11 760,248.32 120 Days 67 5,764,311.66
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- ---------- --------- -------------
11 760,248.32 151 12,182,536.75
0-29 Days 0.000000% 0.000000% 0-29 Days 2.558140% 2.014183%
30 Days 0.000000% 0.000000% 30 Days 9.069767% 8.346571%
60 Days 0.000000% 0.000000% 60 Days 5.581395% 5.089892%
90 Days 0.000000% 0.000000% 90 Days 2.325581% 1.837013%
120 Days 2.558140% 2.047749% 120 Days 15.581395% 15.526325%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- --------- ---------
2.558140% 2.047749% 35.116279% 32.813984%
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-1
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Am
Weighted Average Gross Coupon 9.685691%
Weighted Average Net Coupon 9.685691%
Weighted Average Pass-Through Rate 9.670691%
Weighted Average Maturity (Stepdown Calculation) 1
Beginning Scheduled Collateral Loan Count 3,295
Number of Loans Paid in Full 49
Ending Scheduled Collateral Loan Count 3,246
Beginning Scheduled Collateral Balance 271,911,125.69
Ending Scheduled Collateral Balance 267,731,880.77
Ending Actual Collateral Balance at 28-Feb-2001 267,733,058.74
Monthly P&I Constant 2,443,007.22
Ending Scheduled Balance for Premium Loans 267,731,880.77
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 120,661.74
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 6,000,000.00
Overcollateralized. Amount 6,000,000.00
Overcollateralized Deficiency Amount 120,661.74
Base Overcollateralization Amount 6,000,000.00
Extra Principal Distribution Amount 120,661.74
Excess Cash Amount 556,934.44
Group F Curtailments $2,086.86
Group A Curtailments $543.17
Delinquency Reimbursement Amount $873,344.12
Servicing Advance Reimbursement $165,817.60
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-1
Group 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 9.608261 10.166425
Weighted Average Net Rate 9.593261 10.151425
Weighted Average Maturity 304.00 335.00
Record Date 02/28/01 02/28/01
Principal And Interest Constant 2,102,808.39 340,198.83 2,443,007.22
Beginning Loan Count 2,857 438 3,295
Loans Paid In Full 41 8 49
Ending Loan Count 2,816 430 3,246
Beginning Scheduled Balance 234,190,982.51 37,720,143.18 271,911,125.69
Ending Scheduled Balance 230,605,82830 37,126,052.47 267,731,880.77
Scheduled Principal 227,668.29 20,632.98 248,301.27
Unscheduled Principal 3,357,485.92 573,457.73 3,930,943.65
Scheduled Interest 1,875,140.10 319,565.85 2,194,705.95
Servicing Fee 0.00 0.00 0.00
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 2,927.39 471.50 3,398.89
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 1,872,212.71 319,094.35 2,191,307.06
Realized Loss Amount 69,645.78 51,015.96 120,661.74
Cumulative Realized Loss 719,655.27 86,807.56 806,462.83
Percentage of Cumulative Losses 0.00 0.00 0.01
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-2
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
A-1F 24763LFG0 SEN-FIX 6.14000 % 40,376,101.91 206,591.05 5,631,870.21
A-2F 24763LFH8 SEN-FIX 6.50000 % 56,861,000.00 307,997.08 0.00
A-3F 24763LFJ4 SEN-FIX 6.58000 % 27,651,000.00 151,619.65 0.00
A-4F 24763LFK1 SEN-FIX 6.83000 % 18,534,000.00 105,489.35 0.00
A-5F 24763LFL9 SEN-FIX 7.07000 % 21,609,000.00 127,313.02 0.00
A-6F 24763LFM7 SEN-FIX 7.37000 % 32,569,000.00 200,027.94 0.00
A-7F 24763LFN5 SEN-FIX 7.03000 % 37,000,000.00 216,758.33 0.00
IOF 24763LFT2 SEN-NTL-I 6.00000 % 0.00 260,340.00 0.00
A-1A 24763LFS4 SEN-FTL 5.88875 % 36,944,897.94 169,212.76 886,908.70
M-1 24763LFP0 SEN-FIX 7.37000 % 17,850,000.00 109,628.75 0.00
M-2 24763LFQ8 SEN-FIX 7.37000 % 17,850,000.00 109,628.75 0.00
B 24763LFR6 JUN-FIX 7.37000 % 16,800,000.00 103,180.00 0.00
BIO DFH992BIO JUN-FIX 0.00000 % 0.00 444,809.39 0.0O
P DFH99200P JUN-FIX 0.00000 % 100.00 55,586.13 0.00
R-1 DFH9902R1 JUN-RES 0.00000 % 0.00 0.00 0.00
R-2 DFH9902R2 JUN-RES 0.00000 % 0.00 0.00 0.00
R-3 DFH9902R3 JUN-RES 0.00000 % 0.00 0.00 0.00
-------------- ------------ ------------
Totals 324,045,099.85 2,568,182.20 6,518,778.91
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
A-1F 0.00 34,744,231.70 5,838,461.26 0.00
A-2F 0.00 56,861,000.00 307,997.08 0.00
A-3F 0.00 27,651,000.00 151,619.65 0.00
A-4F 0.00 18,534,000.00 105,489.35 0.00
A-5F 0.00 21,609,000.00 127,313.02 0.00
A-6F 0.00 32,569,000.00 200,027.94 0.00
A-7F 0.00 37,000,000.00 216,758.33 0.00
IOF 0.00 0.00 260,340.00 0.00
A-1A 0.00 36,057,989.24 1,056,121.46 0.00
M-1 0.00 17,850,000.00 109,628.75 0.00
M-2 0.00 17,850,000.00 109,628.75 0.00
B 0.00 16,800,000.00 103,180.00 0.00
BIO 0.00 0.00000 444,809.39 0.00
P 0.00 100.00 55,586.13 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00
- ------ ---- -------------- ------------ ----
Totals 0.00 317,526,320.94 9,086,961.11 0.00
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-2
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
A-1F 123,276,000.00 40,376,101.91 351,234.35 5,280,635.86 0.00 0.00
A-2F 56,861,000.00 56,861,000.00 0.00 0.00 0.00 0.00
A-3F 27,651,000.00 27,651,000.00 0.00 0.00 0.00 0.00
A-4F 18,534,000.00 18,534,000.00 0.00 0.00 0.00 0.00
A-5F 21,609,000.00 21,609,000.00 0.00 0.00 0.00 0.00
A-6F 32,569,000.00 32,569,000.00 0.00 0.00 0.00 0.00
A-7F 37,000,000.00 37,000,000.00 0.00 0.00 0.00 0.00
IOF 0,00 0.00 0.00 0.00 0.00 0.00
A-1A 50,000,000.00 36,944,897.94 21,660.93 865,247.77 0.00 0.00
M-1 17,850,000.00 17,850,000.00 0.00 0.00 0.00 0.00
M-2 17,850,000.00 17,850,000.00 0.00 0.00 0.00 0.00
B 16,800,000.00 16,800,000.00 0.00 0.00 0.00 0.00
BIO 0.00 0.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00 0.00
- ------ -------------- -------------- ---------- ------------ ---- ----
Totals 420,000,100.00 324,045,099.85 372,895.28 6,145,883.63 0.00 0.00
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
A-1F 5,631,870.21 34,744,231.70 0.28184100 5,631,870.21
A-2F 0.00 56,861,000.00 1.00000000 0,00
A-3F 0.00 27,651,000.00 1.00000000 0.00
A-4F 0.00 18,534,000.00 1.00000000 0.00
A-5F 0.00 21,609,000.00 1.00000000 0.00
A-6F 0.00 32,569,000.00 1.00000000 0.00
A-7F 0.00 37,000,000.00 1.00000000 0.00
IOF 0.00 0.00 0.00000000 0.00
A-1A 886,908.70 36,057,989.24 0.72115978 886,908.70
M-1 0.00 17,850,000.00 1.00000000 0.00
M-2 0.00 17,850,000.00 1.00000000 0.00
B 0.00 16,800,000.00 1.00000000 0.00
BIO 0.00 0.00 0.00000000 0.00
P 0.00 100.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
R-3 0,00 0.00 0.00000000 0.00
- ------ ------------ -------------- ---------- ------------
Totals 6,518,778.91 317,526,320.94 0.75601487 6,518,778.91
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-2
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class (2) Amount Balance Distribution Distribution Accretion Loss (3)
A-1F 123,276,000.00 327.52605463 2.84917056 42.83587933 0.00000000 0.00000000
A-2F 56,861,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-3F 27,651,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-4F 18,534,000.00 1000,00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-5F 21,609,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-6F 32,569,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-7F 37,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
IOF 0.00 0.00000000 0.00000000 0,00000000 0.00000000 0.00000000
A-1A 50,000,000.00 738.89795880 0.43321860 17.30495540 0.00000000 0.00000000
M-1 17,850,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
M-2 17,850,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B 16,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total
Principal Certificate Certificate Principal
Class (2) Reduction Balance Percentage Distribution
A-1F 45.68504989 281.84100474 0.28184100 45.68504989
A-2F 0.00000000 1000.00000000 1.00000000 0.00000000
A-3F 0.00000000 1000.00000000 1.00000000 0.00000000
A-4F 0.00000000 1000.00000000 1.00000000 0.00000000
A-5F 0.00000000 1000.00000000 1.00000000 0.00000000
A-6F 0.00000000 1000.00000000 1.00000000 0.00000000
A-7F 0.00000000 1000.00000000 1.00000000 0.00000000
IOF 0.00000000 0.00000000 0.00000000 0.00000000
AAA 17.73817400 721.15978480 0.72115978 17.73817400
M-1 0.00000000 1000.00000000 1.00000000 0.00000000
M-2 0.00000000 1000.00000000 1.00000000 0.00000000
B 0.00000000 1000.00000000 1.00000000 0.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 1000.00000000 1.0000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000
All denominations are Per $ 1000
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-2
Interest Distribution Statement
Class Original Current Beginning Current Payment of Current
Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Interest Shortfall
Balance Shortfall
A-1F 123,276,000.00 6.14000 % 40,376,101.91 206,591.05 0.00 0.00
A-2F 56,861,000.00 6.50000 % 56,861,000.00 307,997.08 0.00 0.00
A-3F 27,651,000.00 6.58000 % 27,651,000.00 151,619.65 0.00 0.00
A-4F 18,534,000.00 6.83000 % 18,534,000.00 105,489.35 0.00 0.00
A-5F 21,609,000.00 7.07000 % 21,609,000.00 127,313.02 0.00 0.00
A-6F 32,569,000.00 7.37000 % 32,569,000.00 200,027.94 0.00 0.00
A-7F 37,000,000.00 7.03000 % 37,000,000.00 216,758.33 0.00 0.00
IOF 0.00 6.00000 % 52,068,000.00 260,340.00 0.00 0.00
A-1A 50,000,000.00 5.88875 % 36,944,897.94 169,212.76 0.00 0.00
M-1 17,850,000.00 7.37000 % 17,850,000.00 109,628.75 0.00 0.00
M-2 17,850,000.00 7.37000 % 17,850,000.00 109,628.75 0.00 0.00
B 16,800,000.00 7.37000 % 16,800,000.00 103,180.00 0.00 0.00
BIO 0.00 0.00000 % 0.00 0.00 0.00 0.00
P 100.00 0.00000 % 100.00 0.00 0.00 0.00
R-1 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-2 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-3 0.00 0.00000 % 0.00 0.00 0.00 0.00
- ------ -------------- ------------ ---- ----
Totals 420,000,100.00 2,067,786.68 0.00 0.00
Class Non-Supported Realized Total Remaining Ending
Interest Loss (4) Interest Unpaid Certificate/
Shortfall Distribution Interest Notional
Shortfall Balance
A-1F 0.00 0.00 206,591.05 0.00 34,744,231.70
A-2F 0.00 0.00 307,997.08 0.00 56,861,000.00
A-3F 0.00 0.00 151,619.65 0.00 27,651,000.00
A-4F 0.00 0.00 105,489.35 O.00 18,534,000.00
A-5F 0.00 0.00 127,313.02 0.00 21,609,000.00
A-6F 0.00 0.00 200,027.94 0.00 32,569,000.00
A-7F 0.00 0.00 216,758.33 0.00 37,000,000.00
IOF 0.00 0.00 260,340.00 0.00 48,621,000.00
A-1A 0.00 0.00 169,212.76 0.00 36,057,989.24
M-1 0.00 0.00 109,628.75 0.00 17,850,000.00
M-2 0.00 0.00 109,628.75 O.00 17,850,000.00
B 0.00 0.00 103,180.00 0.00 16,800,000.00
BIO 0.00 0.00 444,809.39 0.00 0.00
P 0.00 0.00 55,586.13 0.00 100.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00
- ------ ----- ---- ------------ -----
Totals 0.00 0.00 2,568,182.20 0.00
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-2
Interest Distribution Factors Statement
Original Current Beginning Current Payment of Current
Class (5) Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Interest Shortfall
Balance Shortfall
A-1F 123,276,000.00 6.14000 % 327.52605463 1.67584161 0.00000000 0.00000000
A-2F 56,861,000.Go 6.50000 % 1000.00000000 5,41666661 0.00000000 0.00000000
A-3F 27,651,000.00 6.58000 % 1000.00000000 5.48333333 0.00000000 0.00000000
A-4F 18,534,000.00 6.83000 % 1000.00000000 5.69166667 0.00000000 0.00000000
A-5F 21,609,000.00 7.07000 % 1000.00000000 5.89166644 0.00000000 0.00000000
A-6F 32,569,000.00 7.37000 % 1000.00000000 6.14166662 0.00000000 0.00000000
A-7F 37,000,000.00 7.03000 % 1000.00000000 5.85833324 0.00000000 0.00000000
IOF 0.00 6.00000 % 466.92732621 2.33463663 0.00000000 0.00000000
A-1A 50,000,000.00 5.88875 % 738.89795880 3.38425520 0.00000000 0.00000000
M-1 17,850,000.00 7.37000 % 1000.00000000 6.14166667 0.00000000 0.00000000
M-2 17,850,000.00 7.37000 % 1000.00000000 6.14166667 0.00000000 0.00000000
B 16,800,000.00 7.37000 % 1000.00000000 6.14166667 0.00000000 0.00000000
BIO 0,00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000 % 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
Non-Supported Total Remaining Ending
Class (5) Interest Realized Interest Unpaid Certificate/
Shortfall Loss (6) Distribution Interest Notional
Shortfall Balance
A-1F 0.00000000 0.00000000 1.67584161 0.00000000 281.84100474
A-2F 0.00000000 0.00000000 5.41666661 0.00000000 1000.00000000
A-3F 0.00000000 0.00000000 5.48333333 0.00000000 1000.00000000
A-4F 0.00000000 0.00000000 5.69166667 0.00000000 1000.00000000
A-5F 0.00000000 0.00000000 5.89166644 0.00000000 1000.00000000
A-6F 0.00000000 0.00000000 6.14166662 0.00000000 1000.00000000
A-7F 0.00000000 0.00000000 5.85833324 0.00000000 1000.00000000
IOF 0.00000000 0.00000000 2.33463663 0.00000000 436.01585480
A-1A 0.00000000 0.00000000 3.38425520 0.00000000 721.15978480
M-1 0.00000000 0.00000000 6.14166667 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.14166667 0.00000000 1000.00000000
B 0.00000000 0.00000000 6.14166667 0.00000000 1000.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 55861.30000000 0.00000000 1000.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
All denominations are Per $1000
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-2
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
OC 0.00000 % 0.00 0.00 4,829,900.00 4,829,900.00 0.00000000 %
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-2
Certificateholder Account Statement
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 7,746,076.79
Liquidations, Insurance Proceeds,
Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 1,537,095.98
Realized Losses (63,856.53)
----------
Total Deposits 9,219,316.24
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 132,355.13
Payment of Interest and Principal 9,086,961.11
------------
Total Withdrawals (Pool Distribution Amount) 9,219,316.24
Ending Balance 0.00
============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 8,786.75
Servicing Fee Support 8,786.75
--------
Non-Supported Prepayment/Curtailment Interest
Shortfall 0.00
========
SERVICING FEES
Gross Servicing Fee 137,031.26
Admin Fee - Wells Fargo Bank, N.A. 4,110.62
Supported Prepayment/Curtailment Interest 8,786.75
--------
Net Servicing Fee 132,355.13
==========
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
Reserve Fund 10,000.00 0.00 0.00 10,000.00
Reserve Fund 10,000.00 0.00 0.00 10,000.00
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-2
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT BANKRUPTCY FORECLOSURE
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 60 4,363,957.65 0-29 Days 0 0.00
30 Days 257 21,518,950.89 30 Days 18 1,080,485.59 30 Days 0 0.00
60 Days 124 10,773,750.99 60 Days 12 528,675.79 60 Days 2 16,104.11
90 Days 59 5,879,846.51 90 Days 6 683,946.21 90 Days 1 47,236.03
120 Days 30 2,258,984.74 120 Days 23 1,973,133.00 120 Days 187 13,531,885.49
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- -- ------------ --- -------------
470 40,431,533.13 119 8,630,198.24 190 13,595,225.63
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 1.504136% 1.351881% 0-29 Days 0.000000% 0.000000%
30 Days 6.442717% 6.666212% 30 Days 0.451241% 0.334716% 30 Days 0.000000% 0.000000%
60 Days 3.108549% 3.337528% 60 Days 0.300827% 0.163775% 60 Days 0.050138% 0.004989%
90 Days 1.479067% 1.821478% 90 Days 0.150414% 0.211875% 90 Days 0.025069% 0.014633%
120 Days 0.752068% 0.699796% 120 Days 0.576586% 0.611244% 120 Days 4.687892% 4.191952%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- --------- --------- --------- --------- ---------
1.782402% 12.525014% 2.983204% 2.673491% 4.763099% 4.211574%
REO TOTAL
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 60 4,363,957.65
30 Days 0 0.00 30 Days 275 22,599,436.48
60 Days 0 0.00 60 Days 138 11,318,530.89
90 Days 0 0.00 90 Days 66 6,611,028.75
120 Days 65 4,279,312.14 120 Days 305 22,043,315.37
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
---- ------------- ---- -------------
65 4,279,312.14 844 66,936,269.14
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 1.504136% 1.351881%
30 Days 0.000000% 0.000000% 30 Days 6.893958% 7.000928%
60 Days 0.000000% 0.000000% 60 Days 3.459514% 3.506292%
90 Days 0.000000% 0.000000% 90 Days 1.654550% 2.046986%
120 Days 1.629481% 1.325659% 120 Days 7.646027% 6.828651%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
--------- --------- ---------- ----------
1.629481% 1.325659% 21.158185% 20.735739%
(7) The 120 day category for delinquent, bankruptcy, foreclosure, RED contains
loans that are 120 or more delinquent.
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 514,479.83
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,537,095.98
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-2
Delinquency Status By Group
DELINQUENT BANKRUPTCY
GROUP No of Principal No of Principal
I Loans Balance Loans Balance
0-29 Days 54 3,971,997.69
30 Days 211 17,249,247.96 30 Days 16 987,374.87
60 Days 98 8,840,727.10 60 Days 12 528,675.79
90 Days 55 5,578,058.08 90 Days 6 683,946.21
120 Days 24 1,835,676.24 120 Days 16 1,244,926.71
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- --- ------------
388 33,503,709.38 104 7,416,921.27
0-29 Days 1.526718% 1.393233%
30 Days 5.965507% 6.050411% 30 Days 0.452361% 0.346335%
60 Days 2.770710% 3.101007% 60 Days 0.339271% 0.185440%
90 Days 1.554990% 1.956581% 90 Days 0.169635% 0.239904%
120 Days 0.678541% 0.643889% 120 Days 0.452361% 0.436675%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- -------- --------
10.969748% 11.751888% 2.940345% 2.601587%
FORECLOSURE REO
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 0 0.00
60 Days 2 16,104.11 60 Days 0 0.00
90 Days 1 47,236.03 90 Days 0 0.00
120 Days 152 10,730,895.59 120 Days 51 3,217,626.29
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- -- ------------
155 10,794,235.73 51 3,217,626.29
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.056545% 0.005649% 60 Days 0.000000% 0.000000%
90 Days 0.028273% 0.016569% 90 Days 0.000000% 0.000000%
120 Days 4.297427% 3.764009% 120 Days 1.441900% 1.128627%
150 Days 0,000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- -------- --------
4.382245% 3.786227% 1.441900% 1.128627%
TOTAL
No of Principal
Loans Balance
0-29 Days 54 3,971,997.69
30 Days 227 18,236,622.83
60 Days 112 9,385,507.00
90 Days 62 6,309,240.32
120 Days 243 17,029,124.83
150 Days 0 0.00
180+ Days 0 0.00
--- -------------
698 54,932,492.67
0-29 Days 1.526718% 1.393233%
30 Days 6.417868% 6.396747%
60 Days 3.166525% 3.292096%
90 Days 1.752898% 2.213053%
120 Days 6.870229% 5.973200%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------- --------
19.734238% 19.268328%
DELINQUENT BANKRUPTCY
GROUP No of Principal No of Principal
2 Loans Balance Loans Balance
0-29 Days 6 391,959.96
30 Days 46 4,269,702.93 30 Days 2 93,110.72
60 Days 26 1,933,023.89 60 Days 0 0.00
90 Days 4 301,788.43 90 Days 0 0.00
120 Days 6 423,308.50 120 Days 7 728,206.29
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-- ------------- -- ------------
82 6,927,823.75 15 1,213,276.97
0-29 Days 1.327434% 1.039292%
30 Days 10.176991% 11.321229% 30 Days 0.442478% 0.246886%
60 Days 5.752212% 5.125463% 60 Days 0.000000% 0.000000%
90 Days 0.884956% 0.800200% 90 Days 0.000000% 0.000000%
120 Days 1.327434% 1.122414% 120 Days 1.548673% 1.930858%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
--------- ---------- -------- --------
18.141593% 18.368306% 3.318584% 3.217036%
FORECLOSURE REO
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00
120 Days 35 2,800,989.90 120 Days 14 1,061,685.85
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-- ------------ -- ------------
35 2,800,989.90 14 1,061,685.85
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 7.743363% 7.426898% 120 Days 3.097345% 2.815088%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
--------- ---------- -------- --------
7.743363% 7.426898% 3.097345% 2.815088%
TOTAL
No of Principal
Loans Balance
0-29 Days 6 391,959.96
30 Days 48 4,362,813.65
60 Days 26 1,933,023.89
90 Days 4 301,788.43
120 Days 62 5,014,190.54
150 Days 0 0.00
180+ Days 0 0.00
--- ------------
146 12,003,776.47
0-29 Days 1.327434% 1.039292%
30 Days 10.619469% 11.568115%
60 Days 5.752212% 5.125463%
90 Days 0.884956% 0.800200%
120 Days 13.716814% 13.295258%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------- ----------
32.300885% 31.828328%
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-2
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 9.915967%
Weighted Average Net Coupon 9.415967%
Weighted Average Pass-Through Rate 9.400969%
Weighted Average Maturity (Stepdown Calculation) 0
Beginning Scheduled Collateral Loan Count 4,058
Number of Loans Paid in Full 69
Ending Scheduled Collateral Loan Count 3,989
Beginning Scheduled Collateral Balance 328,874,999.84
Ending Scheduled Collateral Balance 322,356,220.93
Ending Actual Collateral Balance at 28-Feb-2001 322,806,284.06
Monthly P&I Constant 3,090,490.09
Ending Scheduled Balance for Premium Loans 322,356,220.93
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 63,856.53
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 4,830,000.00
Overcollateralized Amount 4,830,000.00
Overcollateralized Deficiency Amount 63,856.53
Base Overcollateralization Amount 0.00
Extra Principal Distribution Amount 63,856.53
Excess Cash Amount 508,665.92
Group F Curtailments $23,151.07
Group A Curtailments $1,197.02
Delinquency Reimbursement Amount $1,301,799.77
Servicer Reimbursement Amount $171,937.25
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 1999-2
Group 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 9,876697 10.213184
Weighted Average Net Rate 9.361697 9.698184
Weighted Average Maturity 298.00 338.00
Record Date 02/28/01 02/28/01
Principal And Interest Constant 2,742,161.79 348,328.30 3,090,490.09
Beginning Loan Count 3,598 460 4,058
Loans Paid In Full 61 8 69
Ending Loan Count 3,537 452 3,989
Beginning Scheduled Balance 290,493,155.07 38,381,844.77 328,874,999.84
Ending Scheduled Balance 284,692,001.30 37,664,219.63 322,356,220.93
Scheduled Principal 351,234.35 21,660.93 372,895.28
Unscheduled Principal 5,449,919.42 695,964.21 6,145,883.63
Scheduled Interest 2,390,927.44 326,667.37 2,717,594.81
Servicing Fee 121,038.81 15,992.44 137,031.25
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 3,631.16 479.77 4,110.93
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 2,266,257.47 310,195.16 2,576,452.63
Realized Loss Amount 63,856.53 0.00 63,856.53
Cumulative Realized Loss 424,403.52 90,076.31 514,479.83
Percentage of Cumulative Losses 0.00 0.00 0.00
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
A-1F 24763LFU9 SEN 7.46200 % 330,389,160.55 2,054,469.93 7,730,888.27
A-2F 24763LFV7 SEN 7.56100 % 25,903,550.78 163,213.96 606,125.99
IOF 24763LFW5 SEN 6.00000 % 0.00 541,000.00 0.00
A-1A 24763LFX3 SEN 5.97875 % 118,472,201.94 550,912.19 2,772,171.32
M-1 24763LFYI MEZ 7.60000 % 44,450,000.00 281,516.67 0.00
M-2 24763LFZ8 MEZ 7.60000 % 24,850,000.00 157,383.33 0.00
B 24763LGA2 JUN 7.60000 % 29,750,000.00 188,416.67 0.00
BIO DFH993BIO JUN 0.00000 % 0.00 0.00 0.00
P DFH99300P SEN 0.00000 % 0.00 112,356.67 0.00
R-1 DFH9903R1 JUN 0.00000 % 0.00 0.00 0.00
R-2 DFH9903R2 JUN 0.00000 % 0.00 0.00 0.00
R-3 DFH9903R3 JUN 0.00000 % 0.00 0.00 0.00
-------------- ------------ -------------
Totals 573,814,913.27 4,049,269.42 11,109,185.58
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
A-1F 0.00 322,658,272.28 9,785,358.20 0.00
A-2F 0.00 25,297,424.79 769,339.95 0.00
IOF 0.00 0.00 541,000.00 0.00
A-1A 0.00 115,700,030.62 3,323,083.51 0.00
M-1 0.00 44,450,000.00 281,516.67 0.00
M-2 0.00 24,850,000.00 157,383.33 0.00
B 0.00 29,750,000.00 188,416.67 0.00
BIO 0.00 0.00 0.00 0.00
P 0.00 0.00 112,356.67 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00
-------------- ------------- -----
Totals 0.00 562,705,727.69 15,158,455.00 0.00
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
A-1F 418,160,000.00 330,389,160.55 453,067.24 7,277,821.03 0.00 0.00
A-2F 32,790,000.00 25,903,550.78 35,521.90 570,604.09 0.00 0.00
IOF 0.00 0.00 0.00 0.00 0.00 0.00
A-1A 150,000,000.00 118,472,201.94 65,947.92 2,706,223.40 0.00 0.00
M-1 44,450,000.00 44,450,000.00 0.00 0.00 0.00 0.00
M-2 24,850,000.00 24,850,000.00 0.00 0.00 0.00 0.00
B 29,750,000.00 29,750,000.00 0.00 0.00 0.00 0.00
BIO 0.00 0.00 0.00 0.00 0.00 0.00
P 100.00 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00 0.00
-------------- -------------- ------------ ------------- -------- -------
Totals 700,000,100.00 573,814,913.27 554,537.06 10,554,648.52 0.00 0.00
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
A-1F 7,730,888.27 322,658,272.28 0.77161439 7,730,888.27
A-2F 606,125.99 25,297,424.79 0.77149816 606,125.99
IOF 0.00 0.00 0.00000000 0.00
A-1A 2,772,171.32 115,700,030.62 0.77133354 2,772,171.32
M-1 0.00 44,450,000.00 1.00000000 0.00
M-2 0.00 24,850,000.00 1.00000000 0.00
B 0.00 29,750,000.00 1.00000000 0.00
BIO 0.00 0.00 0.00000000 0.00
P 0.00 0.00 0.00000000 0,00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
R-3 0.00 0.00 0.00000000 0.00
------------- -------------- ---------- -------------
Totals 11,109,185.58 562,705,727.69 0.80386521 11,109,185.58
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplementfor a Full
Description.
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class (2) Amount Balance Distribution Distribution Accretion Loss (3)
A-1F 418,160,000.00 790.10225882 1.08347819 17.40439313 0.00000000 0.00000000
A-2F 32,790,000.00 789.98325038 1.08331504 17.40177158 0.00000000 0.00000000
IOF 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-1A 150,000,000.00 789.81467960 0.43965280 18.04148933 0.00000000 0.00000000
M-1 44,450,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
M-2 24,850,000.00 1000.00000000 0.00000000 0,00000000 0.00000000 0.00000000
B 29,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0'00000000
R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total
Principal Certificate Certificate Principal
Class (2) Reduction Balance Percentage Distribution
A-1F 18.48787132 771.61438751 0.77161439 18.48787132
A-2F 18.48508661 771.49816377 0.77149816 18.48508661
IOF 0.00000000 0.00000000 0.00000000 0.00000000
A-1A 18.48114213 771.33353747 0.77133354 18.48114213
M-1 0.00000000 1000.00000000 1.00000000 0.00000000
M-2 0.00000000 1000.00000000 1.00000000 0.00000000
B 0.00000000 1000.00000000 1.00000000 0.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 O.OOO00000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000
All Classes are per $1000 denomination.
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
Interest Distribution Statement
Class Original Current Beginning Current Payment of Current
Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Interest Shortfall
Balance Shortfall
A-1F 418,160,000.00 7.46200 % 330,389,160.55 2,054,469.93 0.00 0.00
A-2F 32,790,000.00 7,56100 % 25,903,550.78 163,213.96 0.00 0.00
IOF 0.00 6.00000 % 108,200,000.00 541,000.00 0.00 0.00
A-1A 150,000,000.00 5.97875 % 118,472,201.94 550,912.19 0.00 0.00
M-1 44,450,000.00 7.60000 % 44,450,000.00 281,516.67 0.00 0.00
M-2 24,850,000.00 7.60000 % 24,850,000.00 157,383.33 0.00 0,00
B 29,750,000.00 7.60000 % 29,750,000.00 188,416.67 0.00 0.00
BIO 0.00 0.00000 % 0.00 0.00 0.00 0.00
P 100.00 0.00000 % 0.00 0.00 0.00 0.00
R-1 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-2 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-3 0.00 0.00000 % 0.00 0.00 0.00 0.00
-------------- ---------- -------------- ------------ ----- -----
Totals 700,000,100.00 3,936,912.75 0.00 0.00
Class Non-Supported Realized Total Remaining Ending
Interest Loss (4) Interest Unpaid Certificate/
Shortfall Distribution Interest Notional
Shortfall Balance
A-1F 0.00 0.00 2,054,469.93 0.00 322,658,272.28
A-2F 0.00 0.00 163,213.96 0.00 25,297,424.79
IOF 0.00 0.00 541,000.00 0.00 108,200,000.00
A-1A 0.00 0.00 550,912.19 0.00 115,700,030.62
M-1 0.00 0.00 281,516.67 0.00 44,450,000.00
M-2 0.00 0.00 157,383.33 0.00 24,850,000.00
B 0.00 0,00 188,416.67 0.00 29,750,000.00
BIO 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 112,356.67 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00
---- ---- ------------- ----- -------------
Totals 0.00 0.00 4,049,269.42 0.00
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
Interest Distribution Factors Statement
Original Current Beginning Current Payment of Current
Class (5) Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Interest Shortfall
Balance Shortfall
A-1F 418,160,000.00 7.46200 % 790.10225882 4.91311921 0.00000000 0.00000000
A-2F 32,790,000.00 7.56100 % 789.98325038 4.97755291 0.00000000 0.00000000
IOF 0.00 6.00000 % 540.45954046 2.70229770 0.00000000 0.00000000
A-1A 150,000,000.00 5.97875 % 789.81467960 3.67274793 0.00000000 0.00000000
M-1 44,450,000.00 7.60000 % 1000.00000000 6.33333341 0.00000000 0.00000000
M-2 24,850,000.00 7.60000 % 1000.00000000 6.33333320 0.00000000 0.00000000
B 29,750,000.00 7.60000 % 1000.00000000 6.33333345 0.00000000 0.00000000
BIO 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000(00
Non-Supported Total Remaining Ending
Class (5) Interest Realized Interest Unpaid Certificate/
Shortfall Loss (6) Distribution Interest Notional
Shortfall Balance
A-1F 0.00000000 0.00000000 4.91311921 0.00000000 771.61438751
A-2F 0.00000000 0.00000000 4.97755291 0.00000000 771.49816377
IOF 0.00000000 0.00000000 2.70229770 0.00000000 540.45954046
A-1A 0.00000000 0.00000000 3.67274793 0.00000000 771.33353747
M-1 0.00000000 0.00000000 6.33333341 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.33333320 0.00000000 1000.00000000
B 0.00000000 0.00000000 6.33333345 0.00000000 1000.00000000
BIO 0.00000000 0.00000000 0.00000000 0,00000000 0.00000000
P 0.00000000 0.00000000 23566.70000000 0.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0,00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
All Classes are per $1000 denomination
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
MBIA 1,200.00000 % 0.00 0.00 0.00 0.00 0.00000000 %
0C 0.00000 % 0.00 0.00 8,972,596.41 9,595,453.30 0.00000000 %
SEN 0.00000 % 0.00 0.00 0.00 0.00 0.00000000 %
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
Certificateholder Account Statement
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 12,756,578.48
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 2,909,303.21
Realized Losses (249,325.75)
-------------
Total Deposits 15,416,555.94
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 258,100.94
Payment of Interest and Principal 15,158,455.00
-------------
Total Withdrawals (Pool Distribution Amount) 15,416,555.94
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 18,490.92
Servicing Fee Support 18,490.92
---------
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
Gross Servicing Fee 242,828.12
Certificate Administration Fee 6,070.70
Supported Prepayment/Curtailment Interest Shortfall 18,490.92
----------
Net Servicing Fee 230,407.90
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
Net Rate Cap Fund 5,000.00 0.00 0.00 5,000.00
Reserve Fund 0.00 0.00 0.00 0.00
Class P Deposit 0.00 0.00 0.00 0.00
Reserve Fund 0.00 0.00 0.00 0.00
Libor Carryover Fund 5,000.01 0.00 0.00 5,000.01
Financial Guaranty 0.00 0.00 0.00 0.00
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT BANKRUPTCY FORECLOSURE
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 80 5,581,991.09 0-29 Days 0 0.00
30 Days 522 40,274,032.81 30 Days 36 2,507,057.70 30 Days 0 0.00
60 Days 224 18,074,372.92 60 Days 17 1,558,230.58 60 Days 0 0.00
90 Days 131 10,127,692.94 90 Days 19 1,526,439.21 90 Days 0 0.00
120 Days 60 4,508,297.07 120 Days 45 2,778,193.37 120 Days 356 23,893,079.11
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
------ ------------- ------ ------------- -------- -------------
937 72,984,395.74 197 13,951,911.95 356 23,893,079.11
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 1.053602% 0.973958% 0-29 Days 0.000000% 0.000000%
30 Days 6.874753 % 7.027100% 30 Days 0.474121% 0.437437% 30 Days 0.000000% 0.000000%
60 Days 2.950086 % 3.153655% 60 Days 0.223890% 0.271883% 60 Days 0.000000% 0.000000%
90 Days 1.725273 % 1.767102% 90 Days 0.250230% 0.266336% 90 Days 0.000000% 0.000000%
120 Days 0.790202 % 0.786617% 120 Days 0.592651% 0.484745% 120 Days 4.688529% 4.168916%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000 % 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
---------- ---------- -------- -------- -------- ---------
2.340313 % 12.734474% 2.594495% 2.434360% 4.688529 % 4.168916 %
REO Total
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 80 5,581,991.09
30 Days 0 0.00 30 Days 558 42,781,090.51
60 Days 0 0.00 60 Days 241 19,632,603.50
90 Days 0 0.00 90 Days 150 11,654,132.15
120 Days 65 3,695,185.03 120 Days 526 34,874,754.58
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------ -------- ---------------
65 3,695,185.03 1,555 114,524,571.83
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 1.053602% 0.973958 %
30 Days 0.000000% 0.000000% 30 Days 7.348874% 7.464537 %
60 Days 0.000000% 0.000000% 60 Days 3.173976% 3.425539 %
90 Days 0.000000% 0.000000% 90 Days 1.975504% 2.033438 %
120 Days 0.856052 % 0.644744% 120 Days 6.927433% 6.085022%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- --------- ----------
0.856052 % 0.644744 % 20.479389% 19.982493 %
(7) The 120 Day category for delinquent, bankruptcy, foreclosure, and REO
contains loans that are 120 days or more delinquent.
Current Period Realized Loss - Includes Interest Shortfall 0.00
Principal Balance of Contaminated Properties 0.00
Cumulative Realized Losses - Includes Interest Shortfall 640,794.99
Periodic Advance 2,909,303.21
Current Period Class A Insufficient Funds 0.00
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No of Principal No of Principal No of Principal
2 Loans Balance Loans Balance Loans Balance
0-29 Days 62 4,049,460.05 0-29 Days 0 0.00
30 Days 403 31,371,233.26 30 Days 21 1,573,255.23 30 Days 0 0.00
60 Days 160 12,800,497.19 60 Days 6 473,558.26 60 Days 0 0.00
90 Days 91 6,892,593.29 90 Days 8 772,859.98 90 Days 0 0.00
120 Days 39 2,892,907.84 120 Days 34 2,168,187.36 120 Days 259 17,085,432.55
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------- -------- ------------ -------- --------------
693 53,957,231.58 131 9,037,320.88 259 17,085,432.55
0-29 Days 1.067677% 0.973903% 0-29 Days 0.000000% 0.000000%
30 Days 6.939900% 7.544844% 30 Days 0.361633% 0.378371% 30 Days 0.000000% 0.000000%
60 Days 2.755295% 3.078545% 60 Days 0.103324% 0.113892% 60 Days 0.000000% 0.000000%
90 Days 1.567074% 1.657682% 90 Days 0.137765% 0.185874% 90 Days 0.000000% 0.000000%
120 Days 0.671603% 0.695750% 120 Days 0.585500% 0.521453% 120 Days 4.460134% 4.109081%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
--------- --------- -------- -------- -------- ---------
11.933873% 12.976822% 2.255898% 2.173494% 4.460134% 4.109081%
REO Total
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 62 4,049,460.05
30 Days 0 0.00 30 Days 424 32,944,488.49
60 Days 0 0.00 60 Days 166 13,274,055.45
90 Days 0 0.00 90 Days 99 7,665,453.27
120 Days 48 2,615,990.00 120 Days 380 24,762,517.75
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------ -------- -------------
48 2,615,990.00 1,131 82,695,975.01
0-29 Days 0.000000% 0.000000% 0-29 Days 1.067677% 0.973903%
30 Days 0.000000% 0.000000% 30 Days 7.301533% 7.923215%
60 Days 0.000000% 0.000000% 60 Days 2.858619% 3.192437%
90 Days 0.000000% 0.000000% 90 Days 1.704839% 1.843557%
120 Days 0.826589% 0.629151% 120 Days 6.543826% 5.955435%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- --------- ---------
0.826589% 0.629151% 19.476494% 19.888547%
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No of Principal No of Principal No of Principal
3 Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
-------- -------- -------- -------- -------- ---------
0 0.00 0 0.00 0 0.00
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- -------- -------- -------- --------
0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO Total
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- -------- -------- --------
0 0.00 0 0.00
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- -------- ---------
0.000000% 0.000000% 0.000000% 0.000000%
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No of Principal No of Principal No of Principal
4 Loans Balance Loans Balance Loans Balance
0-29 Days 18 1,532,531.04 0-29 Days 0 0.00
30 Days 119 8,902,799.55 30 Days 15 933,802.47 30 Days 0 0.00
60 Days 64 5,273,875.73 60 Days 11 1,084,672.32 60 Days 0 0.00
90 Days 40 3,235,099.65 90 Days 11 753,579.23 90 Days 0 0.00
120 Days 21 1,615,389.23 120 Days 11 610,006.01 120 Days 97 6,807,646.56
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------- -------- ------------- -------- -------------
244 19,027,164.16 66 4,914,591.07 97 6,807,646.56
0-29 Days 1.156812% 1.244214% 0-29 Days 0.000000% 0.000000%
30 Days 7.647815% 7.227905% 30 Days 0.964010% 0.758125% 30 Days 0.000000% 0.000000%
60 Days 4.113111% 4.281695% 60 Days 0.706941% 0.880612% 60 Days 0.000000% 0.000000%
90 Days 2.570694% 2.626477% 90 Days 0.706941% 0.611807% 90 Days 0.000000% 0.000000%
120 Days 1.349614% 1.311484% 120 Days 0.706941% 0.495245% 120 Days 6.233933% 5.526916%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
--------- --------- -------- -------- -------- ---------
15.681234% 15.447561% 4.241645% 3.990003% 6.233933% 5.526916%
REO Total
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 18 1,532,531.04
30 Days 0 0.00 30 Days 134 9,836,602.02
60 Days 0 0.00 60 Days 75 6,358,548.05
90 Days 0 0.00 90 Days 51 3,988,678.88
120 Days 17 1,079,195.03 120 Days 146 10,112,236.83
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------ -------- -------------
17 1,079,195.03 424 31,828,596.82
0-29 Days 0.000000% 0.000000% 0-29 Days 1.156812% 1.244214%
30 Days 0.000000% 0.000000% 30 Days 8.611825% 7.986031%
60 Days 0.000000% 0.000000% 60 Days 4.820051% 5.162307%
90 Days 0.000000% 0.000000% 90 Days 3.277635% 3.238284%
120 Days 1.092545% 0.876165% 120 Days 9.383033% 8.209810%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- --------- -----------
1.092545% 0.876165% 27.249357% 25.840645 %
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Am
Weighted Average Gross Coupon 10.471784%
Weighted Average Net Coupon 9.971783%
Weighted Average Pass-Through Rate 9.959283%
Weighted Average Maturity (Stepdown Calculation) 344
Beginning Scheduled Collateral Loan Count 7,721
Number of Loans Paid in Full 128
Ending Scheduled Collateral Loan Count 7,593
Beginning Scheduled Collateral Balance 582,787,509.69
Ending Scheduled Collateral Balance 572,301,180.99
Ending Actual Collateral Balance at 28-Feb-2001 573,124,535,01
Monthly P&I Constant 5,640,224.26
Ending Scheduled Balance for Premium Loans 572,301,180.99
Scheduled Principal 554,537.06
Unscheduled Principal 9,931,791.64
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 872,182.63
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 9,800,000.00
Overcollateralized Amount 9,595,453.30
Overcollateralized Deficiency Amount 1,076,729.34
Base Overcollateralization Amount 0.00
Extra Principal Distribution Amount 872,182.63
Excess Cash Amount 872,182.63
--------------
Group F Curtailments $32,216.83
Group A Curtailments $3,764.91
Delinquency Reimbursement Amount $2,493,877.06
Servicing Advance Reimbursement $244,999.79
Delta Funding
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 1999-3
Group 2 3 4 Total
Collateral Description Fixed 30 Year Fixed 30 Year Mixed ARM
Weighted Average Coupon Rate 10.439673 11.031408 10.426254
Weighted Average Net Rate 9.927173 10.518908 9.913754
Weighted Average Maturity 0.00 0.00 0.00
Record Date 02/28/01 02/28/01 02/28/01
Principal And Interest Constant 4,152,273.34 337,361.02 1,150,589.90 5,640,224.26
Beginning Loan Count 5,909 232 1,580 7,721
Loans Paid In Full 102 2 24 128
Ending Loan Count 5,807 230 1,556 7,593
Beginning Scheduled Balance 423,495,689.14 34,455,962.23 124,835,858.32 582,787,509.69
Ending Scheduled Balance 415,115,141.61 34,132,876.91 123,053,162.47 572,301,180.99
Scheduled Principal 467,976.27 20,612.87 65,947.92 554,537.06
Unscheduled Principal 7,912,571.26 302,472.45 1,716,747.93 9,931,791.64
Scheduled Interest 3,684,297.07 316,748.15 1,084,641.98 5,085,687.20
Servicing F~e. 176,456.53 14,356.65 52,014.94 242,828.12
Master Servicing Fee 0.00 0.00 0.00 0.00
Trustee Fee 4,411.41 358.92 1,300.37 6,070.70
FRY Amount 0.00 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00 0.00
Net Interest 3,503,429.13 302,032.58 1,031,326.67 4,836,788.38
Realized Loss Amount 215,536.25 0.00 33,789.50 249,325.75
Cumulative Realized Loss 433,198.75 0.00 207,596.24 640,794.99
Percentage of Cumulative Losses 0.00 0.00 0.00 0.00
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-1
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
A-1F 24763LGB0 SEN SEQ 7.38000 % 38,061,671.86 234,079.28 2,707,505.62
A-2F 24763LGC8 SEN SEQ 7.58000 % 22,700,000.00 143,388.33 0.00
A-3F 24763LGD6 SEN SEQ 7.69000 % 30,300,000.00 194,172.50 0.00
A-4F 24763LGE4 SEN SEQ 7.94000 % 15,300,000.00 101,235.00 0.00
A-5F 24763LGF1 SEN SEQ 8.09000 % 14,900,000.00 100,450.83 0.00
A-6F 24763LGG9 SEN 7.87000 % 10,000,000.00 65,583.33 0.00
IOF 24763LGH7 SEN IO 6.40000 % 0.00 256,000.00 0.00
A-1A 24763LGJ3 SEN 5.82875 % 58,028,489.85 263,070.55 1,196,940.89
M-1 24763LGK0 MEZ 8.09000 % 16,500,000.00 111,237.50 0.00
M-2 24763LGL8 MEZ 8.09000 % 11,375,000.00 76,686.46 0.00
B 24763LGM6 SUB 8.09000 % 10,625,000.00 71,630.21 0.00
BIO DFH00IBIO SUB IO 0.00000 % 0.00 0.00 0.00
P DFH0000IP PO 0.00000 % 100.00 42,253.87 0.00
R-1 DFHOO02RI RES 0.00000 % 0.00 0.00 0.00
R-2 DFHOO02R2 RES 0.00000 % 0.00 0.00 0.00
R-3 DFHOO02R3 RES 0.00000 % 0.00 0.00 0.00
-------------- ------------ ------------
Totals 227,790,261.71 1,659,787.86 3,904,446.51
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
A-1F 0.00 35,354,166.23 2,941,584.90 0.00
A-2F 0.00 22,700,000.00 143,388.33 0.00
A-3F 0.00 30,300,000.00 194,172.50 0.00
A-4F 0.00 15,300,000.00 101,235.00 0.00
A-5F 0.00 14,900,000.00 100,450.83 0.00
A-6F 0.00 10,000,000.00 65,583.33 0.00
IOF 0.00 0.00 256,000.00 0.00
A-1A 0.00 56,831,548.95 1,460,011.44 0.00
M-1 0.00 16,500,000.00 111,237.50 0.00
M-2 0.00 11,375,000.00 76,686.46 0.00
B 0.00 10,625,000.00 71,630.21 0.00
BIO 0.00 0.00 0.00 0.00
P 0.00 100.00 42,253.87 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00
---- -------------- ------------ ----
Totals 0.00 223,885,815.18 5,564,234.37 0.00
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-1
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
A-1F 53,300,000.00 38,061,671.86 164,939.36 2,542,566.26 0.00 0.00
A-2F 22,700,000.00 22,700,000.00 0.00 0.00 0.00 0.00
A-3F 30,300,000.00 30,300,000.00 0.00 0.00 0.00 0.00
A-4F 15,300,000.00 15,300,000.00 0.00 0.00 0.00 0.00
A-5F 14,900,000.00 14,900,000.00 0.00 0.00 0.00 0.00
A-6F 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0,00
IOF 0.00 0.00 0.00 0.00 0.00 0.00
A-1A 65,000,000.00 58,028,489.85 27,038.01 1,169,902.88 0.00 0.00
M-1 16,500,000.00 16,500,000.00 0.00 0.00 0.00 0.00
M-2 11,375,000.00 11,375,000.00 0.00 0.00 0.00 0.00
B 10,625,000.00 10,625,000.00 0.00 0.00 0,00 0.00
BIO 0.00 0.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00 0.00
Totals 250,000,100.00 227,790,261.71 191,977.37 3,712,469.14 0.00 0.00
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
A-1F 2,707,505.62 35,354,166.23 0.66330518 2,707,505.62
A-2F 0.00 22,700,000.00 1.00000000 0.00
A-3F 0.00 30,300,000.00 1.00000000 0.00
A-4F 0.00 15,300,000.00 1.00000000 0.00
A-5F 0.00 14,900,000.00 1.00000000 0.00
A-6F 0.00 10,000,000.00 1.00000000 0.00
IOF 0.00 0.00 0.00000000 0.00
A-1A 1,196,940.89 56,831,548.95 0.87433152 1,196,940.89
M-1 0.00 16,500,000.00 1,00000000 0.00
M-2 0.00 11,375,000.00 1.00000000 0.00
B 0.00 10,625,000.00 1.00000000 0.00
BIO 0.00 0.00 0.00000000 0.00
P 0.00 100.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
R-3 0.00 0.00 0,00000000 0.00
Totals 3,904,446.51 223,885,815.18 0.89554290 3,904,446.51
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-1
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class (2) Amount Balance Distribution Distribution Accretion Loss (3)
A-1F 53,300,000.00 714.10266154 3.09454709 47.70293171 0.00000000 0.00000000
A-2F 22,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-3F 30,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-4F 15,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-5F 14,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-6F 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
IOF 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-1A 65,000,000.00 892.74599769 0.41596938 17.99850585 0.00000000 0.00000000
M-1 16,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
M-2 11,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B 10,625,000.00 1000.00000000 0.00000000 0.00000000 O.OOOOOO00 0.00000000
BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total
Principal Certificate Certificate Principal
Class (2) Reduction Balance Percentage Distribution
A-1F 50.79747880 663.30518255 0.66330518 50.79747880
A-2F 0.00000000 1000.00000000 1.00000000 0.00000000
A-3F 0.00000000 1000.00000000 1.00000000 0.00000000
A-4F 0.00000000 1000.00000000 1.00000000 O.OOOO0000
A-5F 0.00000000 1000.00000000 1.00000000 0.00000000
A-6F 0.00000000 1000.00000000 1.00000000 O.OOOO0000
IOF 0.00000000 0.00000000 0.00000000 0.00000000
A-1A 18.41447523 874.33152231 0.87433152 18.41447523
M-1 0.00000000 1000.00000000 1.00000000 0.00000000
M-2 0.00000000 1000.00000000 1.00000000 0.00000000
B 0.00000000 1000.00000000 1.00000000 0.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 1000.00000000 1.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 O.OOOOO000
R-2 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000
(2) All classes are per 1,000 denomination.
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-1
Interest Distribution Statement
Class Original Current Beginning Current Payment of Current
Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Interest Shortfall
Balance Shortfall
A-1F 53,300,000.00 7.38000 % 38,061,671.86 234,079.28 0.00 0.00
A-2F 22,700,000.00 7.58000 % 22,700,000.00 143,388.33 0.00 0.00
A-3F 30,300,000.00 7.69000 % 30,300,000.00 194,172.50 0.00 0.00
A-4F 15,300,000.00 7.94000 % 15,300,000.00 101,235.00 0.00 0.00
A-5F 14,900,000.00 8.09000 % 14,900,000.00 100,450.83 0.00 0.00
A-6F 10,000,000.00 7.87000 % 10,000,000.00 65,583.33 0.00 0.00
IOF 0.00 6.40000 % 48,000,000.00 256,000.00 0.00 0.00
A-1A 65,000,000.00 5.82875 % 58,028,489.85 263,070.55 0.00 0.00
M-1 16,500,000.00 8.09000 % 16,500,000.00 111,237.50 0.00 0.00
M-2 11,375,000.00 8.09000 % 11,375,000.00 76,686.46 0.00 0.00
B 10,625,000.00 8.09000 % 10,625,000.00 71,630.21 0.00 0.00
BIO 0.00 0.00000 % 0.00 0.00 0.00 0.00
P 100.00 0.00000 % 100.00 0.00 0.00 0.00
R-1 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-2 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-3 0.00 0.00000 % 0.00 0.00 0.00 0.00
-------------- ------------ ---- ----
Totals 250,000,100.00 1,617,533.99 0.00 0.00
Class Non-Supported Realized Total Remaining Ending
Interest Loss (4) Interest Unpaid Certificate/
Shortfall Distribution Interest Notional
Shortfall Balance
A-1F 0.00 0.00 234,079.28 0.00 35,354,166.23
A-2F 0.00 0.00 143,388.33 0.00 22,700,000.00
A-3F 0.00 0.00 194,172.50 0.00 30,300,000.00
A-4F 0.00 0.00 101,235.00 0.00 15,300,000.00
A-5F 0.00 0.00 100,450.83 0.00 14,900,000.00
A-6F 0.00 0.00 65,583.33 0.00 10,000,000.00
IOF 0.00 0.00 256,000.00 0.00 42,500,000.00
A-1A 0.00 0.00 263,070.55 0.00 56,831,548.95
M-1 0.00 0.00 111,237.50 0.00 16,500,000.00
M-2 0.00 0.00 76,686.46 0.00 11,375,000.00
B 0.00 0.00 71,630.21 0.00 10,625,000.00
BIO 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 42,253.87 0.00 100.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00
---- ---- ------------- ----
Totals 0.00 0.00 11,659,787.86 0.00
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplementfor a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-1
Interest Distribution Factors Statement
Original Current Beginning Current Payment of Current
Class (5) Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Interest Shortfall
Balance Shortfall
A-1F 53,300,000.00 7.38000 % 714.10266154 4.39173133 0.00000000 0.00000000
A-2F 22,700,000.00 7.58000 % 1000.00000000 6.31666652 0.00000000 0.00000000
A-3F 30,300,000.00 7.69000 % 1000.00000000 6.40833333 0.00000000 0.00000000
A-4F 15,300,000.00 7.94000 % 1000.00000000 6.61666667 0.00000000 0.00000000
A-5F 14,900,000.00 8.09000 % 1000.00000000 6.74166644 0.00000000 0.00000000
A-6F 10,000,000.00 7.87000 % 1000.00000000 6.55833300 0.00000000 0.00000000
IOF 0.00 6.40000 % 786.88524590 4.19672131 0.00000000 0.00000000
A-1A 65,000,000.00 5.82875 % 892.74599769 4.04723923 0.00000000 0.00000000
M-1 16,500,000.00 8.09000 % 1000.00000000 6.74166667 0.00000000 0.00000000
M-2 11,375,000.00 8.09000 % 1000.00000000 6.74166681 0.00000000 0.00000000
B 10,625,000.00 8.09000 % 1000.00000000 6.74166682 0.00000000 0.00000000
BIO 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000 % 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
Non-Supported Total Remaining Ending
Class (5) Interest Realized Interest Unpaid Certificate/
Shortfall Loss (6) Distribution Interest Notional
Shortfall Balance
A-1F 0.00000000 0.00000000 4.39173133 0.00000000 663.30518255
A-2F 0.00000000 0.00000000 6.31666652 0.00000000 1000.00000000
A-3F 0.00000000 0.00000000 6.40833333 0.00000000 1000.00000000
A-4F 0.00000000 0.00000000 6.61666667 0.00000000 1000.00000000
A-5F 0.00000000 0.00000000 6.74166644 0.00000000 1000.00000000
A-6F 0.00000000 0.00000000 6.55833300 0.00000000 1000.00000000
IOF 0.00000000 0.00000000 4.19672131 0.00000000 696.72131148
A-1A 0.00000000 0.00000000 4.04723923 0.00000000 874.33152231
M-1 0.00000000 0.00000000 6.74166667 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 6.74166681 0.00000000 1000.00000000
B 0.00000000 0.00000000 6.74166682 0.00000000 1000.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 22538.70000000 0.00000000 1000.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
(5) All classes are per 1,000 denoniination
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2001-1
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Pecentage
OC 0.00000 % 0.00 0.00 2,641,494.32 2,911,074.90 0.00000000 %
FSA 0.08000 % 189,290,161.71 185,385,715.19 0.00 0.00 87.65282042 %
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-1
Certificateholder Account Statement
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,627,121.45
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 1,129,446.36
Realized Losses (83,907.09)
---------------
Total Deposits 5,672,660.72
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 108,426.35
Payment of Interest and Principal 5,564,234.37
---------------
Total Withdrawals (Pool Distribution Amount) 5,672,660.72
Ending Balance 0.00
===============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 5,006.86
Servicing Fee Support 5,006.86
---------------
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
===============
SERVICING FEES
Gross Servicing Fee 96,013.23
Trustee Fee - Wells Fargo Bank N.A. 4,800.65
Support Prepayment/Curtailment Interest Shortfall 5,006.86
---------------
Net Servicing Fee 95,807.02
===============
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
Reserve Fund 10,000.00 0.00 0.00 10,000.00
Reserve Fund 10,000.00 0.00 0.00 10,000.00
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-1
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT BANKRUPTCY FORECLOSURE
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 29 2,316,738.21 0-29 Days 0 0.00
30 Days 191 13,568,798.26 30 Days 7 433,633.02 30 Days 0 0.00
60 Days 100 7,745,960.37 60 Days 7 408,039.32 60 Days 0 0.00
90 Days 48 3,394,583.38 90 Days 2 112,144.73 90 Days 0 0.00
120 Days 13 786,858.37 120 Days 13 833,453.21 120 Days 142 10,194,389.60
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
----- ------------- ----- ------------- ----- -------------
352 25,496,200.38 58 4,104,008.49 142 10,194,389.60
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.963455 % 1.020515 % 0-29 Days 0.000000 % 0.000000 %
30 Days 6.345515 % 5.977010 % 30 Days 0.232558 % 0.191014 % 30 Days 0.000000 % 0.000000 %
60 Days 3.322259 % 3.412069 % 60 Days 0.232558 % 0.179740 % 60 Days 0.000000 % 0.000000 %
90 Days 1.594684 % 1.495302 % 90 Days 0.066445 % 0.049399 % 90 Days 0.000000 % 0.000000 %
120 Days 0.431894 % 0.346608 % 120 Days 0.431894 % 0.367133 % 120 Days 4.717608 % 4.490594 %
150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 %
---------- ----------- ---------- ---------- ---------- ----------
1.694352 % 11.230990 % 1.926910 % 1.807802 % 4.717608 % 4.490594 %
REO Total
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 29 2,316,738.21
30 Days 0 0.00 30 Days 198 14,002,431.28
60 Days 0 0.00 60 Days 107 8,153,999.69
90 Days 0 0.00 90 Days 50 3,506,728.11
120 Days 5 177,870.04 120 Days 173 11,992,571.22
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
----- ------------- ----- -------------
5 177,870.04 557 39,972,468.51
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000 % 0.000000 % 0-29 Days 0.963455 % 1.020515 %
30 Days 0.000000 % 0.000000 % 30 Days 6.578073 % 6.168023 %
60 Days 0.000000 % 0.000000 % 60 Days 3.554817 % 3.591809 %
90 Days 0.000000 % 0.000000 % 90 Days 1.661130 % 1.544702 %
120 Days 0.166113 % 0.078351 % 120 Days 5.747508 % 5.282687 %
150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 %
---------- ---------- ----------- -----------
0.166113 % 0.078351 % 18.504983 % 17.607737 %
(7) The 120 Day category for delinquent, bankruptcy, foreclosure, and REO
contains loans that are 120 days or more delinquent.
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 153,501.44
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,129,446.36
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-1
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No. of Principal No. of Principal No. of Principal
1 Loans Balance Loans Balance Loans Balance
0-29 Days 19 1,308,294.11 0-29 Days 0 0.00
30 Days 137 9,432,362.38 30 Days 4 192,183.51 30 Days 0 0.00
60 Days 63 4,953,215.98 60 Days 3 191,602.29 60 Days 0 0.00
90 Days 34 2,136,112.42 90 Days 0 0.00 90 Days 0 0.00
120 Days 11 656,061.40 120 Days 9 539,205.99 120 Days 98 6,928,999.10
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
----- ------------- ----- ------------- ----- -------------
245 17,177,752.18 35 2,231,285.90 98 6,928,999.10
0-29 Days 0.831510 % 0.773925 % 0-29 Days 0.000000 % 0.000000 %
30 Days 5.995624 % 5.579741 % 30 Days 0.175055 % 0.113687 % 30 Days 0.000000 % 0.000000 %
60 Days 2.757112 % 2,930089 % 60 Days 0.131291 % 0.113343 % 60 Days 0.000000 % 0.000000 %
90 Days 1.487965 % 1.263623 % 90 Days 0,000000 % 0.000000 % 90 Days 0.000000 % 0.000000 %
120 Days 0.481400 % 0.388095 % 120 Days 0.393873 % 0.318969 % 120 Days 4.288840 % 4.098869 %
150 Days 0.000000 % 0,000000 % 150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 %
---------- ---------- ---------- ---------- ---------- ----------
10.722101 % 10.161548 % 1.531729 % 1.319924% 4.288840 % 4.098869 %
REO TOTAL
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 19 1,308,294.11
30 Days 0 0.00 30 Days 141 9,624,545.89
60 Days 0 0.00 60 Days 66 5,144,818.27
90 Days 0 0.00 90 Days 34 2,136,112.42
120 Days 3 125,792.53 120 Days 121 8,250,059.02
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
----- ------------- ----- -------------
3 125,792.53 381 26,463,829.71
0-29 Days 0.000000 % 0.000000 % 0-29 Days 0.831510 % 0.773925 %
30 Days 0.000000 % 0.000000 % 30 Days 6.170678 % 5.693428 %
60 Days 0.000000 % 0.000000 % 60 Days 2.888403 % 3.043432 %
90 Days 0.000000 % 0.000000 % 90 Days 1.487965 % 1.263623 %
120 Days 0.131291 % 0.074413 % 120 Days 5.295405 % 4.880346 %
150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000% 0.000000 % 180+ Days 0.000000 % 0.000000 %
---------- ---------- ---------- ----------
0.131291 % 0.074413 % 16.673961 % 15.654754%
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No. of Principal No. of Principal No. of Principal
2 Loans Balance Loans Balance Loans Balance
0-29 Days 10 1,008,444.10 0-29 Days 0 0.00
30 Days 54 4,136,435.88 30 Days 3 241,449.51 30 Days 0 0.00
60 Days 37 2,792,744.39 60 Days 4 216,437.03 60 Days 0 0.00
90 Days 14 1,258,470.96 90 Days 2 112,144.73 90 Days 0 0.00
120 Days 2 130,796.97 120 Days 4 294,247.22 120 Days 44 3,265,390.50
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
----- ------------- ----- ------------- ----- -------------
107 8,318,448.20 23 1,872,722.59 44 3,265,390.50
0-29 Days 1.379310 % 1.739599 % 0-29 Days 0.000000 % 0.000000
30 Days 7.448276 % 7.135488 % 30 Days 0.413793 % 0.416508 % 30 Days 0.000000 % 0.000000
60 Days 5.103448 % 4.817576 % 60 Days 0.551724 % 0.373361 % 60 Days 0.000000 % 0.000000
90 Days 1.931034 % 2.170904 % 90 Days 0.275862 % 0.193453 % 90 Days 0.000000 % 0.000000
120 Days 0.275862 % 0.225629 % 120 Days 0.551724 % 0.507586 % 120 Days 6.068966 % 5.632906
150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000
---------- ---------- ---------- ---------- ---------- ---------
14.758621 % 14.349598 % 3.172414 % 3.230508 % 6.068966 % 5.632906
REO TOTAL
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 10 1,008,444.10
30 Days 0 0.00 30 Days 57 4,377,885.39
60 Days 0 0.00 60 Days 41 3,009,181.42
90 Days 0 0.00 90 Days 16 1,370,615.69
120 Days 2 52,077.51 120 Days 52 3,742,512.20
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
----- ------------- ----- -------------
2 52,077.51 176 13,508,638.80
0-29 Days O.0OOOO0 % 0.000000 % 0-29 Days 1.379310 % 1.739599 %
30 Days 0.000000 % 0.000000 % 30 Days 7.862069 % 7.551997 %
60 Days 0.000000 % 0.000000 % 60 Days 5.655172 % 5.190937 %
90 Days 0,000000 % 0.000000 % 90 Days 2.206897 % 2.364357 %
120 Days 0.275862 % 0.089835 % 120 Days 7.172414 % 6.455957 %
150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 %
---------- ---------- ---------- ----------
0.275862 % 0.089835 % 24.275862 % 23.302848 %
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-1
COLLATERAL STATEMENT
Collateral Description ixed Fixed & Arn
Weighted Average Gross Coupon 10.855040%
Weighted Average Net Coupon 10.355041%
Weighted Average Pass-Through Rate 10.330041%
Weighted Average Maturity (Stepdown Calculation) 348
Beginning Scheduled Collateral Loan Count 3,052
Number of Loans Paid in Full 42
Ending Scheduled Collateral Loan Count 3,010
Beginning Scheduled Collateral Balance 230,431,756.03
Ending Scheduled Collateral Balance 226,796,890.09
Ending Actual Collateral Balance at 28-Feb-2001 227,016,507.44
Monthly P&I Constant 2,276,432.27
Ending Scheduled Balance for Premium Loans 226,796,890.09
Scheduled Principal 191,977.37
Unscheduled Principal 3,442,888.57
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 353,487.67
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 4,625,000.00
Overcollateralized Amount 2,911,074.90
Overcollateralized Deficiency Amount 2,067,412.77
Base Overcollateralization Amount 0.00
Extra Principal Distribution Amount 353,487.67
Excess Cash Amount 353,487.67
Interest Advance Recoveries $933,477.99
Servicing Advance Recoveries $55,126.49
Delta Funding Corporation
Mortgage Pass-Through Certificates Securities ~~drninistration Services
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-1
Group 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 10.918669 10.669765
Weighted Average Net Rate 10.393669 10.144765
Weighted Average Maturity 348.00 348.00
Record Date 02/28/01 02/28/01
Principal And Interest Constant 1,725,624.22 550,808.05 2,276,432.27
Beginning Loan Count 2,318 734 3,052
Loans Paid In Full 33 9 42
Ending Loan Count 2,285 725 3,010
Beginning Scheduled Balance 171,524,738.34 58,907,017.69 230,431,756.03
Ending Scheduled Balance 168,863,192.73 57,933,697.36 226,796,890.09
Scheduled Principal 164,939.36 27,038.01 191,977.37
Unscheduled Principal 2,496,606.25 946,282.32 3,442,888.57
Scheduled Interest 1,560,684.86 523,770.04 2,084,454.90
Servicing Fee 71,468.64 24,544.59 96,013.23
Master ervicing Fee 0.00 0.00 0.00
Trustee Fee 3,573.43 1,227.22 4,800.65
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 1,485,642.79 497,998.23 1,983,641.02
Realized Loss Amount 83,907.09 0.00 83,907.09
Cumulative Realized Loss 153,501.44 0.00 153,501.44
Percentage of Cumulative Losses 0.00 0.00 0.00
Group Miscellaneous Reporting Items
1 Group F Curtailments $12,985.08
2 Group A Curtailments $1,576.34
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 2000-2
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
A-1F 24763LGN4 SEN 7.79000 % 47,180,557.42 306,280.45 3,038,906.84
A-2F 24763LGP9 SEN 7.82000 % 14,502,000.00 94,504.70 0.00
A-3F 24763LGQ7 SEN 7.98000 % 41,519,000.00 276,101.35 0.00
A-4F 24763LGR5 SEN 8.22000 % 10,953,000.00 75,028.05 0.00
A-5F 24763LGS3 SEN 8.36000 % 20,327,000.00 141,611.43 0.00
A-6F 24763LGTI SEN 7.97000 % 21,000,000.00 139,475.00 0.00
IOF 24763LGU8 SEN 7.00000 % 0.00 303,333.33 0.00
A-1A 24763LGV6 SEN 5.88875 % 59,525,513.65 272,635.12 1,163,433.74
M-1 24763LGW4 MEZ 8.36000 % 16,500,000.00 114,950.00 0.00
M-2 24763LGX2 MEZ 8.36000 % 11,344,000.00 79,029.87 0.00
B 24763LGYO JUN 8.36000 % 12,375,000.00 86,212.50 0.00
BIO DFHO02BIO JUN 0.00000 % 0.00 79.72 0.00
0C DFHOO020C JUN 0.00000 % 1,912,215.73 0.00 0.00
R-1 DFHOO02R1 JUN 0.00000 % 0.00 0.00 0.00
R-2 DFHOO02R2 RES 0.00000 % 0.00 0.00 0.00
R-3 DFHOO02R3 RES 0.00000 % 0.00 0.00 0.00
-------------- ------------ ------------
Totals 257,138,286.80 1,889,241.52 4,202,340.58
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
A-1F 0.00 44,141,650.58 3,345,187.29 0.00
A-2F 0.00 14,502,000.00 94,504.70 0.00
A-3F 0.00 41,519,000.00 276,101.35 0.00
A-4F 0.00 10,953,000.00 75,028.05 0.00
A-5F 0.00 20,327,000.00 141,611.43 0.00
A-6F 0.00 21,000,000.00 139,475.00 0.00
IOF 0.00 0.00 303,333.33 0.00
A-1A 0.00 58,362,079.91 1,436,068.86 0.00
M-1 0.00 16,500,000.00 114,950.00 0.00
M-2 0.00 11,344,000.00 79,029.87 0.00
B 0.00 12,375,000.00 86,212.50 0.00
BIO 0.00 0.00 79.72 0.00
0C 0.00 2,254,074.30 0.00 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00
---- -------------- ------------ -----
Totals 0.00 253,277,804.79 6,091,582.10 0.00
All distributions REQUIRED BY the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-2
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class Amount Balance Distribution Distribution Accretion
A-1F 61,480,000.00 47,180,557.42 201,800.46 2,837,106.38 0.00
A-21 14,502,000.00 14,502,000.00 0.00 0.00 0.00
A-31 41,519,000.00 41,519,000.00 0.00 0.00 0.00
A-4F 10,953,000.00 10,953,000.00 0.00 0.00 0.00
A-5F 20,327,000.00 20,327,000.00 0.00 0.00 0.00
A-6F 21,000,000.00 21,000,000.00 0.00 0.00 0.00
IOF 0.00 0.00 0.00 0.00 0.00
A-1A 65,000,000.00 59,525,513.65 25,192.94 1,138,240.80 0.00
M-1 16,500,000.00 16,500,000.00 0.00 0.00 0.00
M-2 11,344,000.00 11,344,000.00 0.00 0.00 0.00
B 12,375,000.00 12,375,000.00 0.00 0.00 0.00
BIO 0.00 0.00 0.00 0.00 0.00
OC 0.00 1,912,215.73 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
R-3 0.00 10.00 0.00 0.00 0.00
-------------- -------------- ---------- ------------ ----
Totals 275,000,000.00 257,138,286.80 226,993.40 3,975,347.18 0.00
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss(1) Reduction Balance Percentage Distribution
A-1F 0.00 3,038,906.84 44,141,650.58 0.71798391 3,038,906.85
A_2F 0.00 0.00 14,502,000.00 1.00000000 0.00
A-3F 0.00 0.00 41,519,000.00 1.00000000 0.00
A-4F 0.00 0.00 10,953,000.00 1.00000000 0.00
A 5F 0.00 0.00 20,327,000.00 1.00000000 0.00
A 6F 0.00 0.00 21,000,000.00 1.00000000 0.00
IOF 0.00 0.00 0.00 0.00000000 0.00
A-1A 0.00 1,163,433.74 58,362,079.91 0.89787815 1,163,433.74
M-1 0.00 0.00 16,500,000.00 1.00000000 0.00
M-2 0.00 0.00 11,344,000.00 1.00000000 0.00
B 0.00 0.00 12,375,000.00 1.00000000 0.00
BIO 0.00 0.00 0.00 0.00000000 0.00
OC 0.00 0.00 2,254,074.30 0.00000000 0.00
R-1 0.00 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00 0.00000000 0.00
R-3 0.00 0.00 0.00 0.00000000 0.00
---- ------------ -------------- ---------- -------------
Totals 0.00 4,202,340.58 253,277,804.79 0.92101020 4,202,340.58
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplementfor a
Full Description
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-2
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
A-1F 61,480,000.00 767.41310052 3.28237573 46.14681815 0.00000000
A-2F 14,502,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3F 41,519,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4F 10,953,000.0O 1000.00000000 0.00000000 0.00000000 0.00000000
A-5F 20,327,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6F 21,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IOF 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-lA 65,000,000.00 915.77713308 0.38758369 17.51139692 0.00000000
M-1 16,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 11,344,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 12,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class (2) Loss (3) Reduction Balance Percentage Distribution
A-1F 0.00000000 49.42919388 717.98390664 0.71798391 49.42919388
A-2F 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-3F 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-4F 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-5F 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-6F 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
IOF 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-lA 0.00000000 17.89898062 897.87815246 0.89787815 17.89898062
M-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
(2) All Classes are Per 1,000 Denomination.
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a
Full Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-2
INTEREST DISTRIBUTION STATEMENT
Beginning Payment of
Class Original Current Certificate/ Current Unpaid
Face Certificate Notional Accrued Interest
Amount Rate Balance Interest Shortfall
A-1F 61,480,000.00 7.79000 % 47,180,557.42 306,280.45 0.00
A_2F 14,502,000.00 7.82000 % 14,502,000.00 94,504.70 0.00
A_3F 41,519,000.00 7.98000 % 41,519,000.00 276,101.35 0.00
A_4F 10,953,000.00 8.22000 % 10,953,000.00 75,028.05 0.00
A-5F 20,327,000.00 8.36000 % 20,327,000.00 141,611.43 0.00
A-6F 21,000,000.00 7.97000 % 21,000,000.00 139,475.00 0.00
IOF 0.00 7.00000 % 52,000,000.00 303,333.33 0.00
A-1A 65,000,000.00 5.88875 % 59,525,513.65 272,635.12 0.00
M-1 16,500,000.00 8.36000 % 16,500,000.00 114,950.00 0.00
M-2 11,344,000.00 8.36O00 % 11,344,000.00 79,029.87 0.00
B 12,375,000.00 8.36000 % 12,375,000.00 86,212.50 0.00
BIO 0.00 0.00000 % 0.00 0.00 0.00
OC 0.00 0.00000 % 1,912,215,73 0.00 0.00
R-1 0.00 0.00000 % 0.00 0.00 0.00
R-2 0.00 0.00000 % 0.00 0.00 0.00
R-3 0.00 0.00000 % 0.00 10.00 0.00
-------------- ------------ ----
Totals 275,000,000.00 1,889,161.80 0.00
Remaining
Current Non-Supported Total Unpaid
Class Interest Interest Realized Interest Interest
Shortfall Shortfall Loss(4) Distribution Shortfall
A-1F 0.00 0.00 0.00 306,280.45 0.00
A-2F 0.00 0.00 0.00 94,504.70 0.00
A-3F 0.00 0.00 0.00 276,101.35 0.00
A-4F 0.00 0.00 0.00 75,028.05 0.00
A-5F 0.00 0.00 0.00 141,611.43 0.00
A-6F 0.00 0.00 0.00 139,475.00 0.00
IOF 0.00 0.00 0.00 303,333.33 0.00
A-1A 0.00 0.00 0.00 272,635.12 0.00
M-1 0.00 0.00 0.00 114,950.00 0.00
M-2 0.00 0.00 0.00 79,029.87 0.00
B 0.00 0.00 0.00 86,212.50 0.00
BIO 0.00 0.00 0.00 79.72 0.00
OC 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00
---- ---- ---- ------------ ----
Totals 0.00 0.00 0.00 1,889,241.52 0.00
Ending
Certificate/
Notional
Class Balance
A-1F 44,141,650.58
A-2F 14,502,000.00
A-3F 41,519,000.00
A-4F 10,953,000.00
A-5F 20,327,000.00
A-6F 21,000,000.00
IOF 46,000,000.00
A-1A 58,362,079.91
M-1 16,500,000.00
M-2 11,344,000.00
B 12,375,000.00
BIO 0.00
OC 2,254,074.30
R-1 0.00
R-2 0.00
R-3 0.00
------------
Totals
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a
Full Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-2
Interest Distribution Factors Statement
Beginning Current Payment of
Original Current Certificate/ Accrued Unpaid
Class (5) Face Certificate Notional Interest Interest
Amount Rate Balance Shortfall
A-1F 61,480,000.00 7.79000 % 767.41310052 4.98179001 0.00000000
A-2F 14,502,000.00 7.82000 % 1000.00000000 6.51666667 0.00000000
A-3F 41,519,000.00 7.98000 % 1000.00000000 6.65000000 0.00000000
A-4F 10,953,000.00 8.22000 % 1000.00000000 6.85000000 0.00000000
A-5F 20,327,000.00 8.36000 % 1000.00000000 6.96666650 0.00000000
A-6F 21,000,000.00 7.97000 % 1000.00000000 6.64166667 0.00000000
IOF 0.00 7.00000 % 888.88888889 5.18518513 0.00000000
A-1A 65,000,000.00 5.88875 % 915.77713308 4.19438646 0.00000000
M-1 16,500,000.00 8.36000 % 1000.00000000 6.96666667 0.00000000
M-2 11,344,000.00 8.36000 % 1000.00000000 6.96666696 0.00000000
B 12,375,000.00 8.36000 % 1000.00000000 6.96666667 0.00000000
BIO 0.00 0.00000 % 0.00000000 0.00000000 0.00000000
OC 0.00 0.00000 % 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000 % 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000 % 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000 % 0.00000000 0.00000000 0.00000000
Current Non-Supported Total Remaining
Interest Interest Realized Interest Unpaid
Class (5) Shortfall Shortfall Loss(6) Distribution Interest
Shortfall
A-1F 0.00000000 0.00000000 0.00000000 4.98179001 0.00000000
A-2F 0.00000000 0.00000000 0.00000000 6.51666667 0.00000000
A-3F 0.00000000 0.00000000 0.00000000 6.65000000 0.00000000
A-4F 0.00000000 0.00000000 0.00000000 6.85000000 0.00000000
A-5F 0.00000000 0.00000000 0.00000000 6.96666650 0.00000000
A-6F 0.00000000 0.00000000 0.00000000 6.64166667 0.00000000
IOF 0.00000000 0.00000000 0.00000000 5.18518513 0.00000000
A-1A 0.00000000 0.00000000 0.00000000 4.19438646 0.00000000
M-1 0.00000000 0.00000000 0.00000000 6.96666667 0.00000000
M-2 0.00000000 0.00000000 0.00000000 6.96666696 0.00000000
B 0.00000000 0.00000000 0.00000000 6.96666667 0.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
0C 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Ending
Certificate/
Notional
Class (5) Balance
A-1F 717.98390664
A-2F 1000.00000000
A-3F 1000.00000000
A-4F 1000.00000000
A-5F 1000.00000000
A-6F 1000.00000000
IOF 786.32478632
A-1A 897.87815246
M-1 1000.00000000
M-2 1000.00000000
B 1000.00000000
BIO 0.00000000
OC 0.00000000
R-1 0.00000000
R-2 0.00000000
R-3 0.00000000
(3) All Classes are Per 1,000 Denomination
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a
Full Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-2
Certificate Component Statement
Component Beginning Ending Beginning
Pass-Through Notional Notional Component
Rate Balance Balance Balance
Class
FSA 0.0800% 215,007,071.07 210,804,730.49 0.00
Ending Ending
Component Component
Balance Percentage
Class
FSA 0.00 89.78781524%
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-2
Certificateholder Account Statement
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,834,960.56
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 1,362,853.17
Realized Losses 0.00
------------
Total Deposits 6,197,813.73
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 106,231.63
Payment of Interest and Principal 6,091,582.10
------------
Total Withdrawals (Pool Distribution Amount) 6,197,813.73
Ending Balance 0.00
============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shoftfall 20,600.16
Servicing Fee Support 20,600.16
-----------
Non-Supported Prepayment/Curtailment
Interest Shortfall 0.00
===========
Gross Servicing Fee 107,140.95
Trustee Fee- Wells Fargo 5,357.04
Supported Prepayment/
Curtailment Interest Shortfall 20,600.16
-----------
Net Servicing Fee 91,897.83
===========
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
Net Rate Cap Fund 10,000.00 39.86 39.86 10,000.00
LIBOR Carryover Fund 10,000.00 39.86 39.86 10,000.00
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-2
Loan Status StratificatiorL/Credit Enhancement Statement
DELINQUENT BANKRUPTCY FORECLOSURE
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 6 569,662.46 0-29 Days 3 149,851.71
30 Days 173 12,953,924.22 30 Days 2 135,205.98 30 Days 1 199,841.69
60 Days 69 5,196,326.50 60 Days 2 108,278.02 60 Days 1 45,144.85
90 Days 22 2,482,051.75 90 Days 3 179,866.86 90 Days 29 2,317,276.67
120 Days 15 735,182.48 120 Days 18 947,083.77 120 Days 166 11,067,477.76
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- -- ------------ --- -------------
279 21,367,484.95 31 1,940,097.09 200 13,779,592.68
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.174978% 0.224787% 0-29 Days 0.087489% 0.059131%
30 Days 5.045203% 5.111578% 30 Days 0.058326% 0.053352% 30 Days 0.029163% 0.078857%
60 Days 2.012248% 2.050454% 60 Days 0.058326% 0.042726% 60 Days 0.029163% 0.017814%
90 Days 0.641586% 0.979410% 90 Days 0.087489% 0.070975% 90 Days 0.845728% 0.914390%
120 Days 0.437445% 0.290101% 120 Days 0.524934% 0.373716% 120 Days 4.841062% 4.367192%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- --------- -------- -------- -------- --------
8.136483% 8.431543% 0.904054% 0.765556% 5.832604% 5.437385%
REO TOTAL
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 9 719,514.17
30 Days 0 0.00 30 Days 176 13,288,971.89
60 Days 0 0.00 60 Days 72 5,349,749.37
90 Days 0 0.00 90 Days 54 4,979,195.28
120 Days 9 351,379.27 120 Days 208 13,101,123.28
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
---- ------------- ---- -------------
9 351,379.27 519 37,438,553.99
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.262467% 0.283918%
30 Days 0.000000% 0.000000% 30 Days 5.132692% 5.243787%
60 Days 0.000000% 0.000000% 60 Days 2.099738% 2.110995%
90 Days 0.000000% 0.000000% 90 Days 1.574803% 1.964775%
120 Days 0.262467% 0.138653% 120 Days 6.065908% 5.169663%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- --------- --------- ----------
0.262467% 0.138653% 15.135608% 14.773137%
(7) Delinquencies are stratified according to the information the Servicer has
provided. All 120 day fields contain loans 120+ days delinquent
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,362,853.17
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-2
Delinquency Status By Group
DELINQUENT BANKRUPTCY
GROUP No of Principal No of Principal
1 Loans Balance Loans Balance
0-29 Days 3 187,098.92
30 Days 129 9,300,602.53 30 Days 1 15,639.48
60 Days 56 4,047,971.74 60 Days 1 29,512.28
90 Days 15 1,333,021.52 90 Days 1 20,436.51
120 Days 15 735,182.48 120 Days 13 749,572.78
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- --- ------------
215 15,416,778.27 19 1,002,259.97
0-29 Days 0.111070% 0.096666%
30 Days 4.776009% 4.805203% 30 Days 0.037023% 0.008080%
60 Days 2.073306% 2.091405% 60 Days 0.037023% 0.015248%
90 Days 0.555350% 0.688712% 90 Days 0.037023% 0.010559%
120 Days 0.555350% 0.379836% 120 Days 0.481303% 0.387271%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- -------- --------
7.960015% 7.965156% 0.703443% 0.517823%
FORECLOSURE REO
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 3 149,851.71 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 0 0.00
60 Days 1 45,144.85 60 Days 0 0.00
90 Days 19 1,349,640.87 90 Days 0 0.00
120 Days 109 7,108,362.48 120 Days 6 214,585.65
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- -- ------------
132 8,652,999.91 6 214,585.65
0-29 Days 0.111070% 0.077422% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.037023% 0.023324% 60 Days 0.000000% 0.000000%
90 Days 0.703443% 0.697299% 90 Days 0.000000% 0.000000%
120 Days 4.035542% 3.672571% 120 Days 0.222140% 0.110867%
150 Days 0,000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- -------- --------
4.887079% 4.470616% 0.222140% 0.110867%
TOTAL
No of Principal
Loans Balance
0-29 Days 6 336,950.63
30 Days 130 9,316,242.01
60 Days 58 4,122,628.87
90 Days 35 2,703,098.90
120 Days 143 8,807,703.39
150 Days 0 0.00
180+ Days 0 0.00
--- -------------
372 25,286,623.80
0-29 Days 0.222140% 0.174087%
30 Days 4.813032% 4.813283%
60 Days 2.147353% 2.129977%
90 Days 1.295816% 1.396570%
120 Days 5.294335% 4.550544%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------- --------
13.772677% 13.064461%
DELINQUENT BANKRUPTCY
GROUP No of Principal No of Principal
2 Loans Balance Loans Balance
0-29 Days 3 382,563.54
30 Days 44 3,653,321.69 30 Days 1 119,566.50
60 Days 13 1,148,354.76 60 Days 1 78,765.74
90 Days 7 1,149,030.23 90 Days 2 159,430.35
120 Days 0 0.00 120 Days 5 197,510.99
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- -- ------------
64 5,950,706.68 12 937,837.12
0-29 Days 0.412088% 0.638986%
30 Days 6.043956% 6.102047% 30 Days 0.137363% 0.199709%
60 Days 1.785714% 1.918067% 60 Days 0.137363% 0.131560%
90 Days 0.961538% 1.919195% 90 Days 0.274725% 0.266292%
120 Days 0.000000% 0.000000% 120 Days 1.686813% 1.329897%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
--------- ---------- -------- --------
8.791209% 9.939309% 1.648352% 1.566445%
FORECLOSURE REO
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 1 199,841.69 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00
90 Days 1 967,635.80 90 Days 0 0.00
120 Days 1 3,959,115.28 120 Days 3 136,793.62
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-- ------------ -- ------------
68 5,126,592.77 3 136,793.62
0-29 Days 0.00000% 0.00000% 0-29 Days 0.000000% 0.000000%
30 Days 0.137363% 0.333790% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 1.373626% 1.616217% 90 Days 0.000000% 0.000000%
120 Days 7.829670% 6.612806% 120 Days 0.412088% 0.228483%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
--------- ---------- -------- --------
9.340659% 8.562813% 0.412088% 0.228483%
TOTAL
No of Principal
Loans Balance
0-29 Days 3 382,563.54
30 Days 46 3,972,729.88
60 Days 14 1,227,120.50
90 Days 19 2,276,096.38
120 Days 65 4,293,419.89
150 Days 0 0.00
180+ Days 0 0.00
--- ------------
147 12,151,930.19
0-29 Days 0.412088% 0.638986%
30 Days 6.318681% 6.635547%
60 Days 1.923077% 2.049627%
90 Days 2.609890% 3.801704%
120 Days 8.928571% 7.171187%
150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000%
-------- ----------
20.192308% 20.297050%
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-2
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARNI.
Weighted Average Gross Coupon 11.003506%
Weighted Average Net Coupon 10.503506%
Weighted Average Pass-Through Rate 10.478504%
Weighted Average Maturity (Stepdown Calculation) 351
Beginning Scheduled Collateral Loan Count 3,479
Number of Loans Paid in Full 50
Ending Scheduled Collateral Loan Count 3,429
Beginning Scheduled Collateral Balance 257,138,286.80
Ending Scheduled Collateral Balance 253,277,804.79
Ending Actual Collateral Balance at 28-Feb-2001 253,423,177.71
Monthly P&I Constant 2,584,845.58
Ending Scheduled Balance for Premium Loans 253,277,804.79
Scheduled Principal 226,993.40
Unscheduled Principal 3,633,488.61
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 341,858.57
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 4,468,750.00
Overcollateralized Amount 2,254,074.30
Overcollateralized Deficiency Amount 2,556,534.27
Base Overcollateralization Amount 0.00
Extra Principal Distribution Amount 341,858.57
Excess Cash Amount 341,858.57
Group F Curtailment $3,264.38
Group A Curtailment $5,214.42
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
Group 1 2 Total
Collateral Description Fixed 30 Year 6 Month LIBOR ARM
Weighted Average Coupon Rate 11.017154 10.959668
Weighted Average Net Rate 10.492154 10.434668
Weighted Average Maturity 303.00 351.00
Record Date 02/28/01 02/28/01
Principal And Interest Constant 2,002,079.93 582,765.65 2,584,845.58
Beginning Loan Count 2,737 742 3,479
Loans Paid In Full 36 14 50
Ending Loan Count 2,701 728 3,429
Beginning Scheduled Balance 196,088,330.20 61,049,956.60 257,138,286.80
Ending Scheduled Balance 193,435,983.35 59,841,821.44 253,277,804.79
Scheduled Principal 201,800.46 25,192.94 226,993.40
Unscheduled Principal 2,450,546.39 1,182,942.22 3,633,488.61
Scheduled Interest 1,800,279.47 557,572.71 2,357,852.18
Servicing Fee 81,703.47 25,437.48 107,140.95
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 4,085.17 1,271.87 5,357.04
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 1,714,490.83 530,863.36 2,245,354.19
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-3
Certificateholder Distribution Summary
Certificate Certificate Beginning Current
Class Pass-Through Certificate Interest Principal Realized
Class CUSIP Description Rate Balance Distribution Distribution Loss
A-1F 24763LGZ7 SEN 7.26000 % 37,299,207.01 225,660.20 1,582,353.44 0.00
A-2F 24763LHA1 SEN 7.17000 % 12,000,000.00 71,700.00 0.00 0.00
A-3F 24763LHB9 SEN 7.31000 % 29,000,000.00 176,658.33 0.00 0.00
A-4F 24763LHC7 SEN 7.61000 % 8,000,000.00 50,733.33 0.00 0.00
A-5F 24763LHD5 SEN 7.89000 % 17,500,000.00 115,062.50 0.00 0.00
A-6F 24763LHE3 SEN 7.51000 % 12,000,000.00 75,100.00 0.00 0.00
IOF 24763LHF0 SEN 9.20000 % 0.00 355,733.33 0.00 0.00
A-1A 24763LHG8 SEN 5.81875 % 52,854,409.85 239,202.91 722,236.01 0.00
M-1 24763LHH6 MEZ 7.89000 % 9,500,000.00 62,462.50 0.00 0.00
M-2 24763LHJ2 MEZ 7,89000 % 8,500,000.00 55,887.50 0.00 0.00
B 24763LHK9 JUN 7.89000 % 6,500,000.00 42,737.50 0.00 0.00
BIO DFHO03BIO JUN 0,00000 % 0.00 0.00 0.00 0.00
R-1 DFHOO03R1 SEN 0.00000 % 0.00 0.00 0.00 0.00
R-2 DFHOO03R2 SEN 0.00000 % 0.00 0.00 0.00 0.00
R-3 DFHOO03R3 SEN 0.00000 % 0.00 0.00 0.00 0.00
P DFHOO003P JUN 0.00000 % 100.00 52,414.83 0.00 0.00
- ----- -------------- ------------ ------------ ----
Totals 193,153,716.86 1,523,352.93 2,304,589.45 0.00
Ending Cumulative
Certificate Total Realized
Class Balance Distribution Losses
A-1F 35,716,853.57 1,808,013.64 0.00
A-2F 12,000,000.00 71,700.00 0.00
A-3F 29,000,000.00 176,658.33 0.00
A-4F 8,000,000.00 50,733.33 0.00
A-5F 17,500,000.00 115,062.50 0.00
A-6F 12,000,000.00 75,100.00 0.00
IOF 0.00 355,733.33 0.00
A-1A 52,132,173.84 961,438.92 0.00
M-1 9,500,000.00 62,462.50 0.00
M-2 8,500,000.00 55,887.50 0.00
B 6,500,000.00 42,737.50 0.00
BIO 0.00 0.00 0.00
R-1 0.00 0.00 0.00
R-2 0.00 0.00 0.00
R-3 0.00 0.00 0.00
P 100.00 52,414.83 0.00
- ----- -------------- ------------ ----
Totals 190,849,127.41 3,827,942.38 0.00
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-3
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class Amount Balance Distribution Distribution Accretion
A-1F 42,000,000.00 37,299,207.01 133,039.94 1,449,313.50 0.00
A-2F 12,000,000.00 12,000,000.00 0.00 0.00 0.00
A-3F 29,000,000.00 29,000,000.00 0.00 0.00 0.00
A-4F 8,000,000.00 8,000,000.00 0.00 0.00 0.(0
A-5F 17,500,000.00 17,500,000.00 0.00 0.00 0.00
A-6F 12,000,000.00 12,000,000.00 0.00 0.00 0.00
IOF 0.00 0.00 0.00 0.00 0.00
A-1A 55,000,000.00 52,854,409.85 19,875.41 702,360.60 0.00
M-1 9,500,000.00 9,500,000.00 0.00 0.00 0.00
M-2 8,500,000.00 8,500,000.00 0.00 0.00 0.00
B 6,500,000.00 6,500,000.00 0.00 0.00 0.00
BIO 0.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00
100.00 100.00 0.00 0.00 0.00
- ----- -------------- -------------- ---------- ------------ -----
Totals 200,000,200.00 193,153,816.86 152,915.35 2,151,674.10 0.00
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (1) Reduction Balance Percentage Distribution
A-1F 0.00 1,582,353.44 35,716,853.57 0.85040128 1,582,353.44
A-2F 0.00 0.00 12,000,000.00 1.00000000 0.00
A-3F 0.00 0.00 29,000,000.00 1.00000000 0.00
A-4F 0.00 0.00 8,000,000.00 1.00000000 0.00
A-5F 0.00 0.00 17,500,000.00 1.00000000 0.00
A-6F 0.00 0.00 12,000,000.00 1.00000000 0.00
IOF 0.00 0.00 0.00 0.00000000 0.00
A-1A 0.00 722,236.01 52,132,173.84 0.94785771 722,236.01
M-1 0.00 0.00 9,500,000.00 1.00000000 0.00
M-2 0.00 0.00 8,500,000.00 1.00000000 0.00
B 0.00 0.00 6,500,000.00 1.00000000 0.00
BIO 0.00 0.00 0.00 0.00000000 0.00
P 0.00 0.00 100.00 1.00000000 0.00
0.00 0.00 100.00 1.00000000 0.00
- ----- ---- ------------ -------------- ---------- ------------
Totals 0.00 2,304,589.45 190,849,227.41 0.95424518 2,304,589.45
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-3
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
A-1F 42,000,000.00 888.07635738 3.16761762 34.50746429 0.00000000
A-2F 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-3F 29,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-4F 8,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-5F 17,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-6F 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IOF 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-1A 55,000,000.00 960.98927000 0.36137109 12.77019273 0.00000000
M-1 9,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 8,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 6,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class (2) Loss (3) Reduction Balance Percentage Distribution
A-1F 0.00000000 37.67508190 850.40127548 0.85040128 37.67508190
A-2F 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-3F 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-4F 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-5F 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
A-6F 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
IOF 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-1A 0.00000000 13.13156382 947.85770618 0.94785771 13.13156382
M-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-3
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
A-1F 42,000,000.00 7.26000 % 37,299,207.01 225,660.20 0.00 0.00
A-2F 12,000,000.00 7.17000 % 12,000,000.00 71,700.00 0.00 0.00
A-3F 29,000,000.00 7.31000 % 29,000,000.00 176,658.33 0.00 0.00
A-4F 8,000,000.00 7.61000 % 8,000,000.00 50,733.33 0.00 0.00
A-5F 17,500,000.00 7.89000 % 17,500,000.00 115,062.50 0.00 0.00
A-6F 12,000,000.00 7.51000 % 12,000,000.00 75,100.00 0.00 0.00
IOF 0.00 9.20000 % 46,400,000.00 355,733.33 0.00 0.00
A-1A 55,000,000.00 5.81875 % 52,854,409.85 239,202.91 0.00 0.00
M-1 9,500,000.00 7.89000 % 9,500,000.00 62,462.50 0.00 0.00
M-2 8,500,000.00 7.89000 % 8,500,000.00 55,887.50 0.00 0.00
B 6,500,000.00 7.89000 % 6,500,000.00 42,737.50 0.00 0.00
BIO 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-1 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-2 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-3 0.00 0.00000 % 0.00 0.00 0.00 0.00
P 100.00 0.00000 % 100.00 0.00 0.00 0.00
- ----- -------------- ------------ ---- ----
Totals 200,000,100.00 1,470,938.10 0.00 0.00
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Loss (4) Distribution Shortfall Balance
A-1F 0.00 0.00 225,660.20 0.00 35,716,853.57
A-2F 0.00 0.00 71,700.00 0.00 12,000,000.00
A-3F 0.00 0.00 176,658.33 0.00 29,000,000.00
A-4F 0.00 0.00 50,733.33 0.00 8,000,000.00
A-5F 0.00 0.00 115,062.50 0.00 17,500,000.00
A-6F 0.00 0.00 75,100.00 0.00 12,000,000.00
IOF 0.00 0.00 355,733.33 0.00 43,600,000.00
A-1A 0.00 0.00 239,202.91 0.00 52,132,173.94
M-1 0.00 0.00 62,462.50 0.00 9,500,000.00
M-2 0.00 0.00 55,887.50 0.00 8,500,000.00
B 0.00 0.00 42,737.50 0.00 6,500,000.00
BIO 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 52,414.83 0.00 100.00
- ----- ---- ---- ------------ ----
Totals 0.00 0.00 1,523,352.93 0.00
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-3
Interest Distribution Factors Statement
Original Current Beginning Current Payment of Current
Class (5) Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Interest Shortfall
Balance Shortfall
A-1F 42,000,000.00 7.26000 % 888.07635738 5.37286190 0.00000000 0.00000000
A-2F 12,000,000.00 7.17000 % 1000.00000000 5.97500000 0.00000000 0.00000000
A-3F 29,000,000,00 7.31000 % 1000.00000000 6.09166655 0.00000000 0.00000000
A-4F 8,000,000.00 7.61000 % 1000.00000000 6.34166625 0.00000000 0.00000000
A-5F 17,500,000.00 7.89000 % 1000.00000000 6.57500000 0.00000000 0.00000000
A-6F 12,000,000.00 7.51000 % 1000.00000000 6.25833333 0.00000000 0.00000000
IOF 0.00 9.20000 % 950.81967213 7.28961742 0.00000000 0.00000000
A-1A 55,000,000.00 5.81875 % 960.98927000 4.34914382 0.00000000 0.00000000
M-1 9,500,000.00 7.89000 % 1000.00000000 6.57500000 0.00000000 0.00000000
M-2 8,500,000.00 7.89000 % 1000.00000000 6.57500000 0.00000000 0.00000000
B 6,500,000.00 7.89000 % 1000.00000000 6.57500000 0.00000000 0.00000000
BIO 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000 % 1000.00000000 0.00000000 0.00000000 0.00000000
Non-Supported Total Remaining Ending
Class (5) Interest Realized Interest Unpaid Certificate/
Shortfall Loss (6) Distribution Interest Notional
Shortfall Balance
A-1F 0.00000000 0.00000000 5.37286190 0.00000000 850.40127548
A-2F 0.00000000 0.00000000 5.97500000 0.00000000 1000.00000000
A-3F 0.00000000 0.00000000 6.09166655 0.00000000 I000.0000D000
A-4F 0.00000000 0.00000000 6.34166625 0.00000000 1000.0000DOOO
A-5F 0.00000000 0.00000000 6.57500000 0.00000000 1000.00000000
A-6F 0.00000000 0.00000000 6.25833333 0.00000000 1000.00000000
IOF 0.00000000 0.00000000 7.28961742 0.00000000 893.44262295
A-1A 0.00000000 0.00000000 4.34914382 0.00000000 947.85770618
M-1 0.00000000 0.00000000 6.57500000 0.00000000 1000.00000o00
M-2 0.00000000 0.00000000 6.57500000 0.00000000 1000.00000000
B 0.00000000 0.00000000 6.57500000 0.00000000 1000.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 24148.30000000 0.00000000 1000.00000000
(5) Per $1 denomination.
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-3
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
OC 0.00000 % 0.00 0.00 546,301.47 872,763.85 44,179.16639248 %
FSA 0.08000 % 168,653,616.86 166,349,027.41 0.00 0.00 94.78577060 %
FSA-PAYBACK 0.00000 % 0.00 0.00 0.00 0.00 0.00000000 %
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-3
Certificateholder Account Statement
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,161,859.89
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 751,799.57
Realized Losses 0.00
------------
Total Deposits 3,913,659.46
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 85,717.08
Payment of Interest and Principal 3,827,942.38
------------
Total Withdrawals (Pool Distribution Amount) 3,913,659.46
Ending Balance 0.00
============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 11,077.19
Servicing Fee Support 11,077.19
---------
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
=========
SERVICING FEES
Gross Servicing Fee 80,708.20
Trusee - Wells Fargo Bank N.A. 4,842.50
Supported Prepayment/Curtailment Interest Shortfall 11,077.19
---------
Net Servicing Fee 74,473.51
=========
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
Net Rate Cap Fund 10,000.0O 0.00 0.00 10,000.00
LIBOR Carryover Fund 10,000.00 0.00 0.00 10,000.00
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-3
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT BANKRUPTCY FORECLOSURE
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 3 217,665.96 0-29 Days 0 0.00
30 Days 198 13,929,648.08 30 Days 0 0.00 30 Days 0 0.00
60 Days 58 4,371,892.15 60 Days 0 0.00 60 Days 1 48,651.35
90 Days 22 1,223,529.72 90 Days 3 255,243.44 90 Days 37 2,781,164.68
120 Days 17 1,013,228.09 120 Days 2 106,146.24 120 Days 89 4,861,899.17
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- --- ------------- --- -------------
295 20,538,298.04 8 579,055.64 127 7,691,715.20
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.107411 % 0.113486 % 0-29 Days 0.000000 % 0.000000 %
30 Days 7.089151 % 7.262573 % 30 Days 0.000000 % 0.000000 % 30 Days 0.000000 % 0.000000 %
60 Days 2.076620 % 2.279396 % 60 Days 0.000000 % 0.000000 % 60 Days 0.035804 % 0.025366 %
90 Days 0.787683 % 0.637918 % 90 Days 0.107411 % 0.133078 % 90 Days 1.324740 % 1.450030 %
120 Days 0.608665 % O.528272 % 120 Days 0.071608 % 0.055342 % 120 Days 3.186538 % 2.534874 %
150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 %
---------- ---------- ---------- ---------- ---------- ----------
0.562120 % 10.708159 % 0.286430 % 0.301905 % 4.547082 % 4.010270 %
REO TOTAL
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 3 217,665.96
30 Days 0 0.00 30 Days 198 13,929,648.08
60 Days 0 0.00 60 Days 59 4,420,543.50
90 Days 0 0.00 90 Days 62 4,259,937.84
120 Days 0 0.00 120 Days 108 5,981,273.50
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- --- -------------
0 0.00 430 28,809,068.88
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000 % 0.000000 % 0-29 Days 0.107411 % 0.113486 %
30 Days 0.000000 % 0.000000 % 30 Days 7.089151 % 7.262573 %
60 Days 0.000000 % 0.000000 % 60 Days 2.112424 % 2.304762 %
90 Days 0.000000 % 0.000000 % 90 Days 2.219835 % 2.221026 %
120 Days 0.000000 % 0.000000 % 120 Days 3.866810 % 3.118488 %
150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 %
---------- ---------- ---------- ----------
0.000000 % 0.000000 % 15.395632 % 15.020334 %
(7) The 120 day category for delinquent, bankruptcy, foreclosure, and REO
contains loans that are 120 days or more delinquent.
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Periodic Advance 751,799.57
Principal Balance of Contaminated Properties 0.00
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-3
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No. of Principal No. of Principal No. of Principal
1 Loans Balance Loans Balance Loans Balance
0-29 Days 1 26,603.31 0-29 Days 0 0.00
30 Days 142 9,411,987.44 30 Days 0 0.00 30 Days 0 0.00
60 Days 42 3,179,659.61 60 Days 0 0.00 60 Days 0 0.00
90 Days 17 823,261.21 90 Days 2 177,677.33 90 Days 23 1,710,197.64
120 Days 10 568,454.92 120 Days 0 0.00 120 Days 48 2,459,591.46
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- --- ------------- --- -------------
211 13,983,363.18 3 204,280.64 71 4,169,789.10
0-29 Days 0.047506 % 0.019250 % 0-29 Days 0.000000 % 0.000000 %
30 Days 6.745843 % 6.810426 % 30 Days 0.000000 % 0.000000 % 30 Days 0.000000 % 0.000000 %
60 Days 1.995249 % 2.300772 % 60 Days 0.000000 % 0.000000 % 60 Days 0.000000 % 0.000000 %
90 Days 0.807601 % 0.595704 % 90 Days 0.095012 % 0.128566 % 90 Days 1.092637 % 1.237483 %
120 Days 0.475059 % 0.411329 % 120 Days 0.000000 % 0.000000 % 120 Days 2.280285 % 1.779737 %
150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 %
---------- ---------- ---------- ---------- ---------- ----------
10.023753 % 10.118230 % 0.142518 % 0.147816 % 3.372922 % 3.017220 %
REO TOTAL
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 1 26,603.31
30 Days 0 0.00 30 Days 142 9,411,987.44
60 Days 0 0.00 60 Days 42 3,179,659.61
90 Days 0 0.00 90 Days 42 2,711,136.18
120 Days 0 0.00 120 Days 58 3,028,046.38
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- --- -------------
0 0.00 285 18,357,432.92
0-29 Days 0.000000 % 0.000000 % 0-29 Days 0.047506 % 0.019250 %
30 Days 0.000000 % 0.000000 % 30 Days 6.745843 % 6.810426 %
60 Days 0.000000 % 0.000000 % 60 Days 1.995249 % 2.300772 %
90 Days 0.000000 % 0.000000 % 90 Days 1.995249 % 1.961753 %
120 Days 0.000000 % 0.000000 % 120 Days 2.755344 % 2.191066 %
150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 %
---------- ---------- ---------- ----------
0.000000 % 0.000000 % 13.539192 % 13.283266 %
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No. of Principal No. of Principal No. of Principal
2 Loans Balance Loans Balance Loans Balance
0-29 Days 2 191,062.65 0-29 Days 0 0.00
30 Days 56 4,517,660.64 30 Days 0 0.00 30 Days 0 0.00
60 Days 16 1,192,232.54 60 Days 0 0.00 60 Days 1 48,651.35
90 Days 5 400,268.51 90 Days 1 77,566.11 90 Days 14 1,070,967.04
120 Days 7 444,773.17 120 Days 2 106,146.24 120 Days 41 2,402,307.71
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- --- ------------- --- -------------
84 6,554,934.86 5 374,775.00 56 3,521,926.10
0-29 Days 0.290698 % 0.356455 % 0-29 Days 0.000000 % 0.000000 %
30 Days 8.139535 % 8.428352 % 30 Days 0.000000 % 0.000000 % 30 Days 0.000000 % 0.000000 %
60 Days 2.325581 % 2.224283 % 60 Days 0.000000 % 0.000000 % 60 Days 0.145349 % 0.090766 %
90 Days 0.726744 % 0.746759 % 90 Days 0.145349 % 0.144711 % 90 Days 2.034884 % 1.998045 %
120 Days 1.017442 % 0.829789 % 120 Days 0.290698 % 0.198031 % 120 Days 5.959302 % 4.481854 %
150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 %
---------- ---------- ---------- ---------- ---------- ----------
12.209302 % 12.229183 % 0.726744 % 0.699197 % 8.139535 % 6.570665 %
REO TOTAL
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 2 191,062.65
30 Days 0 0.00 30 Days 56 4,517,660.64
60 Days 0 0.00 60 Days 17 1,240,883.89
90 Days 0 0.00 90 Days 20 1,548,801.66
120 Days 0 0.00 120 Days 50 2,953,227.12
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- --- -------------
0 0.00 145 10,451,635.96
0-29 Days 0.000000 % 0.000000 % 0-29 Days 0.290698 % 0.356455 %
30 Days 0.000000 % 0.000000 % 30 Days 8.139535 % 8.428352 %
60 Days 0.000000 % 0.000000 % 60 Days 2.470930 % 2.315049 %
90 Days 0.000000 % 0.000000 % 90 Days 2.906977 % 2.889514 %
120 Days 0.000000 % 0.000000 % 120 Days 7.267442 % 5.509674 %
150 Days 0.000000 % 0.000000 % 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000 % 0.000000 % 180+ Days 0.000000 % 0.000000 %
---------- ---------- ---------- ----------
0.000000 % 0.000000 % 21.075581 % 19.499045 %
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-3
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 11.734815%
Weighted Average Net Coupon 11.234813%
Weighted Average Pass-Through Rate 11.204810%
Weighted Average Maturity (Stepdown Calculation) 355
Beginning Scheduled Collateral Loan Count 2,824
Number of Loans Paid in Full 31
Ending Scheduled Collateral Loan Count 2,793
Beginning Scheduled Collateral Balance 193,700,018.33
Ending Scheduled Collateral Balance 191,721,891.26
Ending Actual Collateral Balance at 28-Feb-2001 191,800,453.59
Monthly P&I Constant 2,099,525.09
Ending Scheduled Balance for Premium Loans 191,721,891.26
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 326,462.38
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 4,500,000.00
Overcollateralized Amount 872,763.85
Overcollateralized Deficiency Amount 3,953,698.53
Base Overcollateralization Amount 0.00
Extra Principal Distribution Amount 0.00
Excess Cash Amount 326,462.38
Curtailments Group F -$274,453.07
Curtailments Group A -$24,682.00
Group F Prepayment Penalties $43,484.51
Group A Prepayment Penalties $8,930.32
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-3
Group 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 12.176474 11.755111
Weighted Average Net Rate 11.646474 11.225111
Weighted Average Maturity 203.00 353.00
Record Date 02/28/01 02/28/01
Principal And Interest Constant 1,553,041.14 546,483.95 2,099,525.09
Beginning Loan Count 2,134 690 2,824
Loans Paid In Full 29 2 31
Ending Loan Count 2,105 688 2,793
Beginning Scheduled Balance 139,942,102.80 53,757,915.53 193,700,018.33
Ending Scheduled Balance 138,137,666.54 53,584,224.72 191,721,891.26
Scheduled Principal 133,039.94 19,875.41 152,915,35
Unscheduled Principal 1,671,396.32 153,815.40 1,825,211.72
Scheduled Interest 1,420,001.20 526,608.54 1,946,609.74
Servicing Fee 58,309.21 22,399.13 80,708.34
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 3,498.55 1,343.95 4,842.50
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 1,358,193.44 502,865.46 1,861,058.90
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date 15-Mar-2001
DFH Series 2000-4
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
A 24763LHL7 SEN 7.06000 % 97,405,350.59 573,068.15 694,421.06
IO 24763LHM5 10 9.25000 % 0.00 257,666.67 0.00
M-1 24763LHN3 MEZ 7.15000 % 6,000,000.00 35,750.00 0.00
M-2 24763LHP8 MEZ 7.15000 % 5,500,000.00 32,770.83 0.00
B 24763LHQ6 SUB 7.15000 % 4,900,000.00 29,195.83 0.00
BIO DFHO04BIO SUB 0.00000 % 0.00 0.00 0.00
R-1 DFHOO04RI RES 0.00000 % 0.00 0.00 0.00
R-2 DFHOO04R2 RES 0.00000 % 0.00 0.00 0.00
R-3 DFHOO04R3 RES 0.00000 % 0.00 0.00 0.00
P DFHOO004P SEN 0.00000 % 100.00 3,185.70 0.00
-------------- ---------- ----------
Totals 113,805,450.59 931,637.18 694,421.06
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
A 0.00 96,710,929.53 1,267,489.21 0.00
IO 0.00 0.00 257,666.67 0.00
M-1 0.00 6,000,000,00 35,750.00 0.00
M-2 0.00 5,500,000.00 32,770.83 0.00
B 0.00 4,900,000.00 29,195.83 0.00
BIO 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00
P 0.00 100.00 3,185.70 0.00
-------------- ------------ ----
Totals 0.00 113,111,029.53 1,626,058.24 0.00
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Administration Services
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-4
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
A 98,600,000.00 97,405,350.59 73,368.23 621,052.83 0.00 0.00
IO 0.00 0.00 0.00 0.00 0.00 0.00
M-I 6,000,000.00 6,000,000.00 0.00 0.00 0.00 0.00
M-2 5,500,000.00 5,500,000.00 0.00 0.00 0.00 0.00
B 4,900,000.00 4,900,000.00 0.00 0.00 0.00 0.00
BIO 0.00 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00 0.00
P 0.00 1 100.00 0.00 0.00 0.00 0.00
-------------- --------------- ---------- ---------- ---- ----
Totals 115,000,000.00 113,805,450.59 73,368.23 621,052.83 0.00 0.00
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
A 694,421.06 96,710,929.53 0.98084107 694,421.06
IO 0.00 0.00 0.00000000 0.00
M-I 0.00 6,000,000.00 1.00000000 0.00
M-2 0.00 5,500,000.00 1.00000000 0.00
B 0.00 4,900,000.00 1.00000000 0.00
BIO 0.00 0.00 0,00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
R-2 0.00 0.00 0.00000000 0.00
R-3 0.00 0.00 0.00000000 0.00
P 0.00 100.00 0.00000000 0.00
---------- -------------- ---------- ----------
Totals 694,421.06 113,111,029.53 0.98357417 694,421.06
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplementfor a
Full Descript
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-4
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
A 98,600,000.00 987.88388022 0.74409970 6.29871024 0.00000000
IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
M-1 6,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 5,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B 4,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class (2) Loss (3) Reduction Balance Percentage Distribution
A 0.00000000 7.04280994 980.84107028 0.98084107 7.04280994
IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
M-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
B 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 0.0000000O 0.00000000 0.00000000
(2) All Classes are per $ 1,000 denomination.
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Descript
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-4
Interest Distribution Statement
Class Original Current Beginning Current Payment of Current
Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Interest Shortfall
Balance Shortfall
A 98,600,000.00 7.06000 % 97,405,350.59 573,068.15 0.00 0.00
IO 0.00 9.25000 % 33,427,027.00 257,666.67 0.00 0.00
M-1 6,000,000.00 7.15000 % 6,000,000.00 35,750.00 0.00 0.00
M-2 5,500,000.00 7.15000 % 5,500,000.00 32,770.83 0.00 0.00
B 4,900,000.00 7.15000 % 4,900,000.00 29,195.83 0.00 0.00
BID 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-1 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-2 0.00 0.00000 % 0.00 0.00 0.00 0.00
R-3 0.00 0.00000 % 0.00 0.00 0.00 0.00
P 0.00 0.00000 % 100.00 100.00 0.00 0.00
-------------- ---------- ---- -----
Totals 115,000,000.00 928,451.48 0.00 0.00
Class Non-Supported Realized Total Remaining Ending
Interest Loss; (4) Interest Unpaid Certificate/
Shortfall Distribution Interest Notional
Shortfall Balance
A 0.00 0.00 573,068.15 0.00 96,710,929.53
IO 0.00 0.00 257,666.67 0.00 32,518,919.00
M-1 0.00 0.00 35,750.00 0.00 6,000,000.00
M-2 0.00 0.00 32,770.83 0.00 5,500,000.00
B 0.00 0.00 29,195.83 0.00 4,900,000.00
BID 0.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00
R-2 0.00 0.00 0.00 0.00 0.00
R-3 0.00 0.00 0.00 0.00 0.00
P 0.00 0.00 3,185.70 0.00 100.00
Totals 0.00 0.00 931,637.18 0.00
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-4
Interest Distribution Factors Statement
Original Current Beginning Current Payment of Current
Class (5) Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Interest Shortfall
Balance Shortfall
A 98,600,000.00 7.06000 % 987.88388022 5.81205020 0.00000000 0.00000000
IO 0.00 9.25000 % 1000.00000000 7.70833344 0.00000000 0.00000000
M-1 6,000,000.00 7.15000 % 1000.00000000 5.95833333 0.00000000 0.00000000
M-2 5,500,000.00 7.15000 % 1000.00000000 5.95833273 0.00000000 0.00000000
B 4,900,000.00 7.15000 % 1000.00000000 5.95833265 0.00000000 0.00000000
BIO 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
R-3 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0,00000000
P 0.00 0.00000 % 0.00000000 0.00000000 0.00000000 0.00000000
Class (5) Non-Supported Total Remaining Ending
Interest Realized Interest Unpaid Certificate/
Shortfall Loss (6) Distribution Interest Notional
Shortfall Balance
A 0.00000000 0.00000000 5.81205020 0.00000000 980.84107028
IO 0.00000000 0.00000000 7.70833344 0.00000000 972.83312094
M-1 0.00000000 0.00000000 5.95833333 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 5.95833273 0.00000000 1000.00000000
B 0.00000000 0.00000000 5.95833265 0.00000000 1000.00000000
BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R-2 0.00000000 0,00000000 0.00000000 0.00000000 0.00000000
R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
(5) All Classes are per $1,000 denomination
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-4
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
0C 0.00000 % 0.00 0.00 295,187.16 462,721.01 0.00000000 %
FSA 0.10000 % 0.00 0.00 0.00 0.00 0.00000000 %
SUB 0.00000 % 0.00 0.00 0.00 0.00 0.00000000 %
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-4
Certificateholder Account Statement
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 1,384,317.41
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 316,639.83
Realized Losses 0.00
--------------
Total Deposits 1,700,957.24
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 74,899.00
Payment of Interest and Principal 1,626,058.24
-------------
Total Withdrawals (Pool Distribution Amount) 1,700,957.24
Ending Balance 0.00
=============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 727.60
Servicing Fee Support 727.60
------
Non-Supported Prepayment/Curtailment Interest Shortf 0.00
======
SERVICING FEES
Gross Servicing Fee 61,804.45
Wells Fargo Bank of Minnesota, N.A. 5,705.04
Supported Prepayment/Curtailment Interest Shortfall 727.60
---------
Net Servicing Fee 66,781.89
=========
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
Reserve Fund 5,000.00 0.00 0.00 5,000.00
Reserve Fund 0.00 0.00 0.00 0.00
Financial Guaranty 0.00 0.00 0~00 0.00
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-4
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT BANKRUPTCY FORECLOSURE
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 144 8,838,762.40 30 Days 0 0.00 30 Days 0 0.00
60 Days 73 4,880,217.92 60 Days 0 0.00 60 Days 0 0.00
90 Days 30 1,624,072.81 90 Days 0 0.00 90 Days 0 0.00
120 Days 9 735,896.58 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- --- ---- --- ----
256 16,078,949.71 0 0.00 0 0.00
REO Total
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 144 8,838,762.40
60 Days 0 0.00 60 Days 73 4,880,217.92
90 Days 0 0.00 90 Days 30 1,624,072.81
120 Days 0 0.00 120 Days 9 735,896.58
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
--- ----- --- -------------
0 0.00 256 16,078,949.71
DELINQUENT BANKRUPTCY FORECLOSURE
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 8.551069 % 7.779478 % 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 4.334917 % 4,295346 % 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 1.781473 % 1.429435 % 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.534442 % 0.647703 % 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000 % 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000 % 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
---------- ----------- -------- -------- --------- ---------
5.201900 % 14.151962 % 0.000000% 0.000000% 0.000000% 0.000000%
REO Total
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 8.551069 % 7.779478 %
60 Days 0.000000% 0.000000% 60 Days 4.334917 % 4.295346 %
90 Days 0.000000% O.ODOOOO% 90 Days 1.781473 % 1.429435 %
120 Days 0.000000% 0.000000% 120 Days 0.534442 % 0.647703 %
150 Days 0.000000% 0.000000% 150 Days 0.000000 % 0.000000 %
180+ Days 0.000000% 0.000000% 180+ Days 0.000000 % 0.000000 %
-------- --------- ---------- ----------
0.0000W% 0.000000% 15.201900 % 14.151962 %
(7) The 120 Day category for delinquent, bankruptcy, foreclosure, and REO
contains loans that are 120 days or more delinquent.
Current Period Realized Loss - Includes Interest Shortfall 0.00
Cumulative Realized Losses - Includes Interest Shortfall 0.00
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 316,639.83
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-4
Delinquency Status By Gioup
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No of Principal No of Principal No of Principal
1 Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 108 6,596,800.16 30 Days 0 0.00 30 Days 0 0.00
60 Days 57 3,720,022.23 60 Days 0 0.00 60 Days 0 0.00
90 Days 19 1,009,929.22 90 Days 0 0.00 90 Days 0 0.00
120 Days 6 619,990.07 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
--- ------------- --- ---- -- ----
190 11,946,741.68 0 0.00 0 0.00
REO Total
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 108 6,596,800.16
60 Days 0 0.00 60 Days 57 3,720,022.23
90 Days 0 0.00 90 Days 19 1,009,929.22
120 Days 0 0.00 120 Days 6 619,990.07
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-- ---- --- -------------
0 0.00 190 11,946,741.68
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No of Principal No of Principal No of Principal
1 Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 7.526132% 6.809582% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 3.972125% 3.840013% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 1.324042% 1.042505% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.418118% 0.639988% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
---------- ---------- --------- --------- --------- ---------
13.240418% 12.332087% 0.000000% 0.000000% 0.000000% 0.000000%
REO Total
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 7.526132% 6.809582%
60 Days 0.000000% 0.000000% 60 Days 3.972125% 3.840013%
90 Days 0.000000% 0.000000% 90 Days 1.324042% 1.042505%
120 Days 0.000000% 0.000000% 120 Days 0.418118% 0.639988%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
--------- --------- --------- ----------
0.000000% 0.000000% 13.240418% 12.332087%
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No of Principal No of Principal No of Principal
2 Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 36 2,241,962.24 30 Days 0 0.00 30 Days 0 0.00
60 Days 16 1,160,195.69 60 Days 0 0.00 60 Days 0 0.00
90 Days 11 614,143.59 90 Days 0 0.00 90 Days 0 0.00
120 Days 3 115,906.51 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
--- ------------ --- ---- --- ----
66 4,132,208.03 0 0.00 0 0.00
REQ Total
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 36 2,241,962.24
60 Days 0 0.00 60 Days 16 1,160,195.69
90 Days 0 0.00 90 Days 11 614,143.59
120 Days 0 0.00 120 Days 3 115,906.51
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
--- ----- --- ------------
0 0.00 66 4,132,208.03
DELINQUENT BANKRUPTCY FORECLOSURE
GROUP No of Principal No of Principal No of Principal
2 Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 14.457831% 13.391932% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 6.425703% 6.930207% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 4.417671% 3.668469% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 1.204819% 0.692345% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
---------- --------- --------- -------- --------- ----------
26.506024% 24.682953% 0.000000% 0.000000% 0.000000% 0.000000%
REQ Total
No of Principal No of Principal
Loans Balance Loans Balance
0-29 Days 0,000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 14.457831% 13.391932%
60 Days 0.000000% 0.000000% 60 Days 6.425703% 6.930207%
90 Days 0.000000% 0.000000% 90 Days 4.417671% 3.668469%
120 Days 0.000000% 0.000000% 120 Days 1.204819% 0.692345%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
--------- --------- ---------- ---------
0.000000% 0.000000% 26.506024% 24.682953%
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-4
COLLATERALSTATEMENT
Collateral Description Mixed Fixed & Arn
Weighted Average Gross Coupon 12.321890%
Weighted Average Net Coupon 11.671890%
Weighted Average Pass-Through Rate 11.611885%
Weighted Average Maturity (Stepdown Calculation) 322
Beginning Scheduled Collateral Loan Count 1,689
Number of Loans Paid in Full 5
Ending Scheduled Collateral Loan Count 1,684
Beginning Scheduled Collateral Balance 114,100,537.76
Ending Scheduled Collateral Balance 113,573,650.54
Ending Actual Collateral Balance at 28-Feb-2001 113,616,401.27
Monthly P&I Constant 1,244,980.15
Ending Scheduled Balance for Premium Loans 113,573,650.54
Scheduled Principal 73,368.23
Unscheduled Principal 453,518.99
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 167,533.84
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 2,587,500.00
Overcollateralized Amount 462,721.01
Overcollateralized Deficiency Amount 2,292,312.83
Base Overcollateralization Amount 0.00
Extra Principal Distribution Amount 0.00
Excess Cash Amount 167,533.84
------------
Curtailments $6,768.18
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date: 28-Feb-2001
Distribution Date: 15-Mar-2001
DFH Series 2000-4
Group 1 2 Total
Collateral Description Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 12.305158 12.417315
Weighted Average Net Rate 11.595158 11.707315
Weighted Average Maturity 322.00 322.00
Record Date 02/28/01 02/28/01
Principal And Interest Constant 1,063,368.76 181,611.39 1,244,980.15
Beginning Loan Count 1,437 252 1,689
Loans Paid In Full 2 3 5
Ending Loan Count 1,435 249 1,684
Beginning Scheduled Balance 97,078,042.34 17,022,495.42 114,100,537.76
Ending Scheduled Balance 96,837,767.10 16,735,883.44 113,573,650.54
Scheduled Principal 67,901.58 5,466.65 73,368.23
Unscheduled Principal 172,373.66 281,145.33 453,518.99
Scheduled Interest 995,467.18 176,144.74 1,171,611.92
Servicing Fee. 52,583.94 9,220.51 61,804.45
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 4,853.91 851.13 5,705.04
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 938,029.33 166,073.10 1,104,102.43
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.(0 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
Delta Funding Non-Performing Loan Trust
Mortgage Pass-Through Certificates
Record Date: 31-Mar-2001
Distribution Date: 16-Apr-2001
DNT Series 2000-1
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
NOTES DNT00001A SEN 9.50000 % 1,912,258.16 15,138.71 107,511.47
TRUSTCER DNTOOO0TC JUN 0.0O000 % 0.00 0.00 0.00
Totals 1,912,258.16 15,138.71 107,511.47
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
NOTES 0.00 l,804.746.69 122,650.18 0.00
TRUSTCER 0.00 0.00 0.00 0.00
Totals 0.00 1,804,746.69 122,650.18 0.00
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
Delta Funding Non-Performing Loan Trust
Mortgage Pass-Through Certificates
Record Date: 31-Mar-2001
Distribution Date: 16-Apr-2001
DNT Series 2000-1
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
NOTES 3,013,040.40 1,912,258.16 107,511.47 0.00 0.00 0.00
TRUSTCERT 0.00 0.00 0.00 0.00 0.00 0.00
Totals 3,013,040.40 1,912,258.16 107,511.47 0.00 0.00 0.00
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
NOTES 107,511.47 1,804,746.69 0.59897859 107,511.47
TRUSTCERT 0.00 0.00 0.00000000 0.00
Totals 107,511.47 1,804,746.69 0.59897859 107,511.47
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise disclosed. Please Refer to tho Prospectus Supplement for a Full
Description
Delta Funding Non-Performing Loan Trust
Mortgage Pass-Through Certificates
Record Date: 31-Mar-2001
Distribution Date: 16-Apr-2001
DNT Series 2000-1
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
NOTES 3,013.040.40 634.66064378 35.68205391 0.0000000 0.00000000
TRUSTCERT 0.00 0.00000000 0.000O0000 0.0000000 0.00000000
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class (2) Loss (3) Reduction Balance Percentage Distribution
NOTES 0.00OO0000 35.68205391 598.97858987 0.59897859 35.68205391
TRUSTCERT 0.00000000 0.00000OO0 0.00000000 0.00000000 0.00000000
(2) All Classes are per $1,000 denomination.
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description
Delta Funding Non-Performing Loan Trust
Mortgage Pass-Through Certificates
Record Date: 31-Mar-2001
Distribution Date: 16-Apr-2001
DNT Series 2000-1
Interest Distribution Statement
Class Original Current Beginning Current Payment of
Face Cerfificate Certificate/ Accrued Unpaid
Amount Rate Notional Interest Interest
Balance Shortfall
NOTES 3,013,040.40 9.50000 % 1,912.258.16 15,138.71 0.00
TRUSTCE 0.00 0.00000% 0.00 0.00 0.00
Totals 3,013,040.40 15,138.71 0.00
Class Current Non-Supportcd Realized Total Remaining Ending
Interest Interest Loss (4) Interest Unpaid Certificate/
Shortfall Shortfall Distribution Interest Notional
Shortfall Balance
NOTES 0.00 0.00 0.00 15,138.71 0.00 1,804,746.69
TRUSTCE 0.00 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 0.00 l5,138.71 0.00
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Suplementement for a Full
Description.
Delta Funding Non-Performing Loan Trust
Mortgage Pass-Through Certificates
Record Date: 31-Mar-2001
Distribution Date: 16-Apr-2001
DNT Series 2000-1
Interest Distribution Factors Staternent
Original Current Beginning Current Payment of
Class (5) Face Certificate Certificate/ Accrued Unpaid
Amount Rate Notional Interest Interest
Balance Shortfall
NOTES 3,013,040.40 9.50000 % 634.66064378 5.02439662 0.000000O0
TRUSTCER 0.00 0.00000 % 0.00000000 0.00000000 0.00000000
Class (5) Current Non-Supported Total Remaining Ending
Interest Interest Realized Interest Unpaid Cerfificate/
Shortfall Shortfall Loss (6) Distribution Interest Notional
Shortfall Balance
NOTES
TRUSTCER 0.0000000O 0.00000000 0.00000000 5.02439662 0.00000000 598.97858987
0.0000OO0O 0.00000000 O.O0000000 0.00000000 0.00000000 0.00000000
(5) All Classes are per $1,000 denomination.
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full
Description.
Delta Funding Non-Performing Loan Trust
Mortgage Pass-Through Certificates
Record Date: 31-Mar-2001
Distribution Date: 16-Apr-2001
DNT Series 2000-1
Certificateholder Account Statement
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 164,300.81
Liquidations, Insurance Proccotts, Reserve Funds 0.00
Proceeds from Repurchased Loans O.O0
Other Amounts (Servicer Advances) 0.00
Realized Losses (37,273.13)
-----------
Total Deposits 127,027.68
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 4,377.50
Payment of Interest and Principal 122,650.18
----------
Total Withdrawals (Pool Distribution Amount) 127,027.68
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
------
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
Gross Servicing Fee 2,315,00
Trustee - Wells Fargo Bank, N.A. 1,500.00
Trust Expenses 0.00
Owner Trustee Fee 562.50
Supported Prepayment/Curtailment Interest Shortfall 0.00
---------
Net Servicing Fee 4,377.50
Delta Funding Non-Performing Loan Trust
Mortgage Pass-Through Certificates
Record Date: 31-Mar-2001
Distribution Date: 16-Apr-2001
DNT Series 2000-1
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT BANKRUPTCY FORECLOSURE
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 1 46,418.92 0-29 Days 0 0.00
30 Days 3 255,586.02 30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00 90 Days 1 19.744.21
120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00
ISO Days 0 0,00 15O Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 6 669,542.47 180+ Days 14 2,535,271.51
------- ---------- -------- ---------- --------- --------------
3 255,586.02 7 715,961.39 15 2,555,015.72
No, of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 2.941176% 1.121470% 0-29Days 0.000000% 0.000OOO%
30 Days 8.823529% 6.174894% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.OO0000% 60 Days 0.000000% 0.000000% 60 Days O.O00000% 0.000000%
9O Days 0.000000% 0.000OO0% 90 Days 0.0000OO% 0.000000% 90 Days 2.941176% 0.477015%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days O.OO0OO0% 0.000000%
150 Days 0.000000% 0.000000% 15O Days 0.000000% 0.0O0000% 15O Days 0.000000% 0.000000%
180+ Days 0.000000% O.00OO00% 180+ Days 17.647059% 16.175979% 180+ Days 1.176471% 61.251526%
-------- -------- ---------- --------- --------- ---------
8.823529% 6.174894% 20.588235% 7.297448% 4.117647% 1.728542%
REO Total
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 1 46,418.92
30 Days 0 0.00 30 Days 3 255,586.02
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 1 19,744.21
120 Days 0 0.00 120 Days 0 O.O0
150 Days 0 0.00 150 Days 0 0.00
180+ Days 4 139,499.57 180+ Days 24 3,344,313.55
-------- ---------- --------- ------------
4 139,499.57 29 3,666,062,70
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days O.OOOO00% 0.000000% 0-29 Days 2.941176% 1.121470%
30 Days 0.000000% 0.000000% 30 Days 8.823529% 6.174894%
60 Days 0.000000% 0.00O000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 2.941176% 0.477015%
120 Days 0.000OO0% O.OOO000% 120 Days O.OO0000% 0.000000%
150 Days O.O0000O% 0.000000% 150 Days 0.000000% 0.00OO00%
180+ Days 11.764706% 3.370275% 18O+ Days 70.588235% 80.797780%
--------- ---------- --------- ----------
11.764706% 3.370275% 85.294118% 88.571159%
(7) The 90 day category for delinquent, bankruptcy, foreclosures, and REO may
contain loans that are 90 days or more delinquent.
Current Period Realized Loss - Includes Interest Shortfall 0.00
Principal Balance of Contaminated Properties 0.00
Cumulative Realized Losses - Includes Interest Shortfall 231,875.17
Periodic Advance 0.00
Current Period Class A Insufficient Funds 0.00
Delta Funding Non-Performing Loan Trust
Mortgage Pass-Through Certificates
Record Date: 31-Mar-2001
Distribution Date: 16-Apr-2001
DNT Series 2000-1
COLLATERAL STATEMENT
Collateral Description Fixed Mixed & ARM & Balloon
Weighted Average Gross Coupon 4.252969%
Weighted Average Net Coupon 3.605902%
Weighted Average Pass-Through Rate 3.186637%
Weighted Average Maturity (Stepdown Calculation) 1
Beginning Scheduled Collateral Loan Count 35
Number of Loans Paid in Full 1
Ending Scheduled Collateral Loan Count 34
Beginning Scheduled Collateral Balance 4,293,221.22
Ending Scheduled Collateral Balance 4,139,115.64
Ending Actual Collateral Balance at 31-Mar-2001 4,139,115.64
Monthly P&I Constant 124,712.68
Reimbursed Servicer Advances -$2,68O.43
Reimbursed Escrow Advances -$2,340.12
Interest on Taxes $0.00