Franklin Credit Holding Corporation · Jersey City, NJ United States ·(Pink Sheets: FCMC)
Company Description
Phone: 201-604-1800
Fax: 201-604-4400
Toll Free: 800-255-5897
View Franklin Credit Holding Corporation Locations On A US Map
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This link will open in a new window 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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Key Franklin Credit Holding Corporation Financials
| Company Type | Public - Pink Sheets: FCMC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $109.9 |
| 2008 Employees | 220 |
Franklin Credit Holding Corporation Executives
9 executives listed for Franklin Credit Holding Corporation's Jersey City, NJ location.
| Title | Name & Bio | Contact |
| Chairman and President | Thomas Axon | Network |
| EVP and CFO | Paul Colasono | Network |
| EVP Business Development | Steven Hague | Network |
Competition
Competitive Landscape for Franklin Credit Holding Corporation
Demand for credit reporting and for collections services are driven by the volume of financial transactions, and by the health of the economy. The profitability of individual companies depends largely on efficiency of operations. The profitability of collections companies that buy receivables portfolios depends on their ability to assess recovery potential. Large credit reporting companies have significant economies of scale in operations. Small companies can compete successfully in the collections segment, where customer service and personal contact are important. To read the full description, subscribe now.Top Franklin Credit Holding Corporation Competitors
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