DELTA FUNDING CORP /DE/
8-K, 2000-06-29
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) June 28, 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 Lehman
Brothers Inc., as an underwriter, in connection with the issuance by Delta
Funding Home Equity Loan Trust 2000-2 of Home Equity Loan Asset-Backed
Certificates, Series 2000-2. 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.

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

(a)   Not applicable.

(b)   Not applicable.

(c)   Exhibits:

      99.1  Computational Materials.





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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:  June 28, 2000


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                                  EXHIBIT INDEX

Exhibit

99.1         Computational Materials.





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