EXHIBITS 5.1, 8.1 & 23.1 [Letterhead of Thacher Proffitt & Wood LLP]Underwriting Agreement • June 28th, 2005 • Renaissance Mortgage Acceptance Corp • Asset-backed securities
We have acted as counsel to Delta Funding Corporation (the “Originator”), Renaissance REIT Investment Corp. (the “Seller”), Renaissance Mortgage Acceptance Corp. (the “Depositor”) and Renaissance Home Equity Loan Trust 2005-2 (the “Issuer”) in connection with (i) the Master Contribution Agreement, dated March 18, 2005 (the “Originator Contribution Agreement”), between the Originator and the Seller, (ii) the Mortgage Loan Sale and Contribution Agreement, dated June 29, 2005 (the “Seller Sale Agreement”), among the Seller, the Depositor and the Originator, (iii) the Amended and Restated Trust Agreement, dated as of June 29, 2005 (the “Trust Agreement” and the “Depositor Sale Agreement”), among the Depositor, Wilmington Trust Company as owner trustee of the Issuer and Wells Fargo Bank, N.A. as the Certificate Registrar and Certificate Paying Agent, and the trust certificates (the “Trust Certificates”) issued pursuant thereto, (iv) the Servicing Agreement, dated as of June 29, 2005 (the “S
