Delta Financial to Begin Trading on the NASDAQ With Historic Bell Ringing
First NASDAQ-Traded Company to Use Three-Letter Ticker Symbol

Delta Financial Corporation (Amex:DFC), a consumer finance company specializing in fixed-rate nonconforming mortgages, in a historic move, will begin trading on the NASDAQ Global Market on Thursday, March 22, 2007 while keeping its three-letter ticker symbol DFC the first company to do so on the NASDAQ market. Delta previously traded on the American Stock Exchange under the ticker symbol DFC since 2003.

Delta Financials President and CEO Hugh Miller will ring the bell at market open on Thursday, March 22, 2007, 9:30 a.m. EDT, NASDAQ MarketSite Broadcast Studio, 4 Times Square -- 43rd St. and Broadway New York City. A live web cast of the NASDAQ opening bell with Delta Financial will be available in the Corporate Highlights portion of the Investor Relations section of Deltas website at: http://www.deltafinancial.com at 9:20 a.m. EDT.

Mr. Miller will be available for select interviews. To coordinate, please contact Drew Biondo at 516-812-8208 or 516-359-9015.

About the Company

Founded in 1982, Delta Financial Corporation is a Woodbury, New York-based specialty consumer finance company that originates, securitizes and sells non-conforming mortgage loans. The Companys loans are primarily fixed rate and secured by first mortgages on one- to four-family residential properties. The Company originates non-conforming loans through a network of approximately 3,200 independent brokers and the Companys retail offices. Since 1991, Delta has completed 50 asset-backed securitizations, collateralized by approximately $18.0 billion in mortgage loans.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release, which are not historical fact, may be deemed to be forward-looking statements under the federal securities laws, and involve risk and uncertainties. Forward-looking statements relate to, among other things, our plans to list our common shares on NASDAQ, and the benefits that we expect to obtain as a result. There are many important factors that could cause actual results to differ materially from those indicated in the forward-looking statements. Such factors include, but are not limited to, general trading conditions on NASDAQ and other U.S. securities markets, as well as adverse changes in our business and financial results that could reduce demand for our securities. We hereby disclaim any obligation to update or revise any of the forward-looking information contained in this press release at any future date, except as otherwise required by applicable law.

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