Franklin Credit Management (FCMC) Plans To Request Hearing Regarding Nasdaq De-Listing
Earlier today, Franklin Credit Management (NASDAQ: FCMC) has announced its plans to request a hearing with the Nasdaq listing qualifications panel. The stock market had issued a delinquency notice to the company due to its failure to file its third-quarter report with the Securities and Exchange Commission (SEC) on time.
Franklin Credit Management Corporation (FCMC), is a specialty consumer finance company primarily engaged in two related lines of business: the acquisition, servicing and resolution of performing, reperforming and nonperforming residential mortgage loans and real estate assets, and the origination of subprime mortgage loans, both for its portfolio and for sale into the secondary market.
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