Franklin Credit Management Corp. (FCMC/FCMC.PK) Wrap Up:

Franklin Credit Management Corporation, together with its subsidiaries, operates as a specialty consumer finance company in the United States. The company engages in the acquisition, servicing, and resolution of performing, reperforming, and nonperforming residential mortgage loans and real estate assets; and the origination of subprime mortgage loans for its portfolio and for sale into the secondary market. It specializes in acquiring and originating loans secured by one-to-four family residential real estate. Franklin Credit Management Corporation purchases these loans from various financial institutions, including mortgage banks, commercial banks and thrifts, traditional financial institu...