DELTA FUNDING CORP /DE/
8-K, 2000-09-26
ASSET-BACKED SECURITIES
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                      -----

                                    FORM 8-K

                                 CURRENT REPORT

                        PURSUANT TO SECTION 13 OR 15 (d)

                     OF THE SECURITIES EXCHANGE ACT OF 1934


       Date of Report (date of earliest event reported) September 22, 2000
                               ------------------


                            Delta Funding Corporation

             (Exact name of registrant as specified in its charter)


       New York                            333-96001           11-2609517
-----------------------------              ------------        --------------
(State or other jurisdiction               (Commission         (IRS Employer
 of incorporation)                         File Number)        ID Number)


1000 Woodbury Road, Woodbury,  New York                                 11797
--------------------------------------------------------------------------------
 (Address of principal executive offices)                             (Zip Code)

Registrant's Telephone Number,
 including area code:                                            (516) 364-8500
                                                                 --------------


                                       N/A
--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)


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Item 5.  Other Events

Filing of Computational Materials.

                             This Current Report on Form 8-K is being filed to
file a copy of the Computational Materials (as defined below) prepared and
distributed by Greenwich Capital Markets, Inc., as an underwriter, in connection
with the issuance by Delta Funding Home Equity Loan Trust 2000-3 of Home Equity
Loan Asset-Backed Certificates, Series 2000-3. The term "Computational
Materials" shall have the meaning given in the No-Action Letter of May 20, 1994
issued by the Securities and Exchange Commission (the "SEC") to Kidder, Peabody
Acceptance Corporation I, Kidder, Peabody & Co. Incorporated and Kidder
Structured Asset Corporation, as made applicable to other issuers and
underwriters by the Commission in response to the request of the Public
Securities Association dated May 24, 1994, and the supplemented in the No-Action
Letter of February 17, 1995 issued by the SEC to the Public Securities
Association. Some or all of the Computational Materials were also distributed by
Lehman Brothers and Countrywide Securities Corporation Inc., another
underwriters; the legend which such underwriter placed on the Computational
Materials is attached hereto as Exhibit 99.2.

Item 7.    Financial Statements, Pro Forma Financial Information
           and Exhibits.

(a)        Not applicable.

(b)        Not applicable.

(c)        Exhibits:

            8.1  Opinion of Stroock & Stroock & Lavan LLP regarding certain
                 tax matters.

           23.2  Consent of Stroock & Stroock & Lavan LLP (included in
                 Exhibit 8.1).

           99.1  Computational Materials.

           99.2  Legend of Greenwich Capital Markets, Inc.

           99.3  Legend of Lehman Brothers Inc.

           99.4  Legend of Countrywide Securities Corporation


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                                   SIGNATURES

               Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

                                               DELTA FUNDING CORPORATION


                                               By:  /s/  Dawn Ceccarini
                                                  --------------------------
                                                  Name:  Dawn Ceccarini
                                                  Title: Vice President

Dated:  September 26, 2000



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                                  EXHIBIT INDEX
                                  -------------

  Exhibit
  -------

   8.1        Opinion of Stroock & Stroock & Lavan LLP regarding certain tax
              matters.

  23.2        Consent of Stroock & Stroock & Lavan LLP
              (included in Exhibit 8.1).

  99.1        Computational Materials.

  99.2        Legend of Greenwich Capital Markets, Inc. for Computational
              Materials.

  99.3        Legend of Lehman Brothers Inc.

  99.4        Legend of Countrywide Securities Corporation




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