Franklin Credit Management Corp., a New York City-based specialty consumer finance company that primarily services and resolves performing, re-performing and non-performing residential mortgage loans, has signed an agreement to service loans for Bosco Credit LLC.
Franklin will service about $245 million in residential home equity line of credit mortgage loans for Bosco, which is owned and controlled by Thomas J. Axon, Franklin's chairman.
Franklin CEO Gordon Jardin said the contract "will provide a source of diversified revenues for Franklin Credit as we build on our servicing and portfolio acquisition experience with residential mortgage loans."
