Franklin Credit Holding Corporation · Jersey City, NJ United States (Pink Sheets: FCMC)
| 101 Hudson St. | Phone: 201-604-1800 |
| Jersey City, NJ | Fax: 201-604-4400 |
| 07302 | Toll Free: 800-255-5897 |
| United States | 
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Franklin Credit Holding is the holding company of mortgage servicer Franklin Credit Management. Franklin Credit Management bought discounted subprime mortgage assets (sometimes referred to as "scratch and dent" loans) in the secondary market, while subsidiary Tribeca Lending issued subprime residential mortgage loans to borrowers with poor or limited credit histories. However, like many others, the company was hamstrung by the mortgage mess and ceased originating and acquiring loans under terms of restructuring agreements with creditors in 2007. After a dismal 2008, the company entered into a major restructuring agreement with its lender that transferred most of its bad loans off the books.
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Financials
| Company Type | Public - Pink Sheets: FCMC Headquarters |
|---|---|
| Fiscal Year-End | December |
| 2010 Employees | 112 |
Executives
9 executives listed for Franklin Credit Holding Corporation's Jersey City, NJ location.
| Chairman and President | Thomas Axon | |
|---|---|---|
| EVP and CFO | Paul Colasono | |
| EVP, Chief Legal Officer, and Secretary | Kevin Gildea |