Program Launched with NYS Senator Malcolm Smith; Kids Bank on Delta Funding Summer Jobs Program

The Biz Kidz Program provides summer jobs to students paid for bynational mortgage banker Delta Funding Corporation at 12 local Queens,NY businesses. Seventeen deserving students were chosen by SenatorSmith's office - six greater than last year -- to work in variousroles at a local law firm, an airline, utility company and others.Delta Funding pays the participants $7.50 per hour. The jobs will endon August 30.

Local Queens, NY bank Carver Federal Savings is, once again,assisting the students with direct deposit checking accounts andautomatic teller machine cards for those who fill out an applicationand open an account. Each participant's salary will be directdeposited into their account each week by Delta Funding.

"Summer jobs are a great way for teens to get a taste of the workworld, gain some valuable experience, and earn money for college,"said Delta Funding's Vice President of Community Affairs RussellCarter. "It also provides students the opportunity to test potentialcareer paths before committing to them in college," Carter said.

Biz Kidz Summer Job Program participants include: jetBlue Airways,Rockaway Development Revitalization Center, Jamaica Business ResourceCenter, Greater Allen Cathedral, Joan Flowers, Hopkins, Lawrence andBailey, Greater Jamaica Development Co., Queens County DistrictAttorney's Office, Health Plus, Allstate, NAACP Day Care Center andthe Silvercrest Center for Nursing and Rehabilitation.

Delta's Community Affairs department is active nationally and achampion of financial education. The cornerstone of Delta's communityefforts are its free, no obligation seminars that teach the advantagesof homeownership and how to obtain a mortgage. Additionally, Delta hasdevised and implemented programs aimed at teaching children andteenagers about business and financial well being, as well as a hostof programs that help the less fortunate across the country.

About Delta

Delta Funding Corporation is a national specialty consumer financecompany, based in Woodbury, New York, that originates, securitizes andsells non-conforming mortgage loans. Delta originates non-conformingmortgage loans primarily in 34 states through a network ofapproximately 3,000 independent brokers and the Company's 10 retailoffices.