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Franklin Credit Gets Subservicing Business.
New York -- Franklin Credit Management here has entered into an agreement to service loans for a third party.
On May 28, Franklin Credit Management entered into agreements to service approximately $245 million in residential home-equity line of credit loans for Bosco Credit, which is owned by Thomas Axon, chairman of Franklin Credit. The loans were acquired by Bosco also on May 28.
"This represents a major step forward for our company in the execution of its business strategy targeting the provision of services for third parties on a fee-paying basis," said Gordon Jardin, CEO of Franklin ...
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Source: HighBeam Research, Franklin Credit Gets Subservicing Business.