1FFC’s annual reporting says it stopped originating real-estate loans in 2024 and is allowing the existing portfolio to run off. Historical mortgage references do not establish a current new-mortgage product.
Read the source: SEC EDGAR · 1st Franklin Financial Corporation, 2025 annual report
Origination and a remaining portfolio
A lender can stop making new loans while still holding or servicing older accounts. “Runoff” describes a portfolio declining through repayments and other reductions; it does not mean every existing loan has disappeared.
Continue: First Franklin Mortgage: History and Name Confusion
Avoid a three-company mix-up
This history belongs to 1st Franklin Financial Corporation. The former First Franklin mortgage business associated with Merrill Lynch and the Melville-based Franklin First Financial Ltd. have separate histories.
For an existing real-estate loan
Use the statement and verified servicing contact for that account. For new financing, confirm current product availability directly instead of relying on an old license footer or historical advertisement.
Continue: 1st Franklin Financial: Licenses and NMLS Explained
Frequently asked questions
Can I assume 1FFC offers new mortgages now?
No. The cited filing reports that real-estate new lending stopped in 2024.
Does runoff cancel an existing loan?
No. It is not evidence that an individual borrower’s debt was cancelled.
Sources
Read the original documents and company pages behind this guide.
- SEC EDGAR · 1st Franklin Financial Corporation, 2025 annual report www.sec.gov · reviewed October 16, 2026
