The First Franklin mortgage operation associated with Merrill Lynch ceased operations in March 2008 according to the linked New York court record. This is different from the Franklin First Financial Ltd. closure discussed in the 2018 NYDFS order.
Read the source: New York State courts · 2013 First Franklin opinion
What shutdown means here
Stopping new mortgage new lending is an operational event. Existing loans, servicing rights and mortgage trusts can continue to appear in statements and litigation long afterward.
Continue: First Franklin Mortgage Loan Trusts: A Records Guide
Read a court narrative carefully
A court opinion can recount party allegations and historical background as well as make findings. Keep those categories separate and read the case before repeating a legal conclusion.
Continue: Old First Franklin Mortgage? Finding Servicing Records
For an old borrower
Do not assume the disappearance of a brand cancels the note or lien. Follow the current statement and transfer records to the verified servicer, and seek qualified help for a disputed lien or court deadline.
Continue: What Happened to Franklin First Financial in 2018?
Frequently asked questions
Did every First Franklin loan vanish in 2008?
No. Cessation of new lending does not establish cancellation of existing loans.
Is this the same as the 2018 closure?
No. The dates and named entities differ.
Sources
Read the original documents and company pages behind this guide.
- New York State courts · 2013 First Franklin opinion www.nycourts.gov · reviewed October 16, 2026
- CFPB · Mortgage lender and servicer: different roles www.consumerfinance.gov · reviewed October 16, 2026
