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Ticker:FCMC
Company Name: Franklin Credit Management Corp

Business Overview from 10-K filing for Franklin Credit Management Corp:

We are a specialty consumer finance company primarily engaged in the acquisition, origination, sale, servicing and resolution of performing, sub-performing and non-performing residential mortgage loans. We purchase and originate loans primarily on the basis of the borrower's ability and willingness to repay the mortgage loan, the borrower's historical pattern of debt repayment and the adequacy of the collateral securing the loan. We focus on acquiring and originating loans made to borrowers who generally do not meet conforming underwriting guidelines because of higher loan-to-value ratios, the nature or absence of income documentation, limited credit histories, high levels of consumer debt or past credit difficulties. We originate non-prime mortgage loans through our wholly-owned subsidiary, Tribeca Lending Corp. We hold for investment the loans we acquire and a significant portion of the loans we originate.     

View the full FCMC chart at Wikinvest

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