Franklin First Financial Ltd. was a New York mortgage lender. A November 16, 2018 NYDFS order records the end of new lending and employee terminations. Its history should be read separately from 1st Franklin Financial Corporation’s history.
Read the source: NYDFS · November 16, 2018 cease-and-desist order (PDF)
A history anchored in documents
The most useful public milestones are regulatory records: HUD actions in 2010 and 2013, later agreements in 2015, the DOJ civil settlement announced in 2017, and the NYDFS order in 2018. These documents identify specific events; they do not provide a complete record of every office, product, employee, or change of ownership.
Continue: What Happened to Franklin First Financial in 2018?
What happened in 2018
The New York regulator described a wind-down and restricted mortgage activity in New York. That record supports a dated closure account. A bankruptcy petition, acquisition agreement, or successor-company document would be needed to substantiate those different claims.
Continue: Franklin First Financial: Regulatory Settlement Timeline
What this means for an old borrower
Your original lender and today’s payment recipient may differ. Use the latest statement and notices about a change in the company handling your payments to find the organization handling your mortgage.
Continue: Old Franklin First Mortgage? How to Find Your Servicer
Where the histories separate
Georgia business begins
The history of the company now named 1st Franklin Financial begins.
A documented name change
Franklin Discount Company becomes 1st Franklin Financial Corporation.
A separate mortgage story
Merrill Lynch acquires First Franklin; the mortgage operation later shuts down.
Franklin First civil settlement
DOJ announces a civil resolution involving the Melville lender.
Melville lender stops originating
NYDFS documents Franklin First Financial Ltd.’s origination closure.
Frequently asked questions
Where should I start with an old loan?
Find your current mortgage statement and notices about a change in the company handling your payments, then verify the servicer through a separately checked official channel.
Is there a current Franklin First Financial referral bonus or promo code?
A current offer from the former New York mortgage lender has not been verified. Its historical name or domain does not establish an active referral or affiliate program. For the separate Georgia lender, see the referral-program guide.
Sources
Read the original documents and company pages behind this guide.
- NYDFS · November 16, 2018 cease-and-desist order (PDF) www.dfs.ny.gov · reviewed October 16, 2026
- NYDFS · Mortgage enforcement action register www.dfs.ny.gov · reviewed October 16, 2026
- U.S. Department of Justice · February 7, 2017 civil settlement www.justice.gov · reviewed October 16, 2026
