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First Franklin Financial Corp., not to be confused with 1st Franklin Financial Corporation, was a San Jose, California-based home mortgage lender that specialized in subprime loans. [ 1 ] [ 2 ] It had been owned by two of the biggest casualties of the subprime mortgage crisis , National City Corp. in Cleveland and Merrill Lynch .
The amount of residential mortgage loans grew rapidly and came to exceed the level of commercial loans. By 2003, National City was the sixth-largest mortgage lender in the country. The company did sell its First Franklin Financial subsidiary in December 2006, but retained a large volume of loans that had been originated by the subsidiary.
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First Franklin may refer to: The 1863 First Battle of Franklin in the American Civil War; First Franklin Financial Corp., a mortgage lender
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Crestar Financial Corp. Truist Financial: 1997 U.S. Bancorp: First Bank System, Inc. U.S. Bancorp: U.S. Bancorp: 1997 NationsBank Corp. Boatmen's Bancshares: NationsBank Corp. $9.6 billion Bank of America: 1997 Washington Mutual: Great Western Financial CorporationGreat Western Bank: Washington Mutual: $6.8 billion JPMorgan Chase: 1997 First ...
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