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Franklin Credit Holding Corporation - Company Profile Snapshot

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Company Profile: Franklin Credit Holding Corporation
Ticker: FCMC
Exchanges: OTC
2008 Sales: 109,930,000
Major Industry: Financial
Sub Industry: Other Financial Services
Country: UNITED STATES
Employees: 220

Business Description
Franklin Credit Holding Corporation Formerly known as Franklin Credit Management Corporation. The Group's principal activity is to provide specialty consumer finance services. It operates through two segments: portfolio asset acquisition and resolution and mortgage banking. The portfolio asset acquisition and resolution segment acquires performing, reperforming or nonperforming notes receivable and promissory notes from financial institutions and mortgage and finance companies. This segment services and collects such notes receivable through enforcement of terms of original note, modification of original note terms and if necessary, liquidation of the underlying collateral. The mortgage-banking segment originates or purchases, sub prime residential mortgage loans for individuals whose credit histories, income and other factors cause them to be classified as subprime borrowers. The Group operates business through wholly owned subsidiary, Tribeca Lending Corp.

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