Franklin First Financial’s public regulatory timeline includes HUD matters, a 2017 DOJ civil settlement and the 2018 NYDFS order. Each entry has its own date, parties and legal meaning.
Read the source: HUD archive · 2010 Franklin First settlement
Documented milestones
2010: HUD announced a $413,500 civil penalty and indemnification concerning 31 mortgages. 2013: a HUD agreement recorded a $66,500 payment and indemnification concerning 10 FHA loans without an admission of fault or liability. 2015: NYDFS and FDIC registers identify additional agreements. 2017: DOJ announced the $1.25 million civil resolution. 2018: NYDFS issued the cease-and-desist order.
Avoid adding unlike amounts
Penalties, indemnification commitments, settlements and insurance recoveries are not interchangeable. Do not total them as a single consumer refund fund. A payment to the government does not automatically establish compensation available to an individual borrower.
Find the record behind a headline
Check the exact respondent, publication date, signed agreement and whether the document states allegations, admissions, findings or a negotiated resolution. The individual guides in Related reading explain those distinctions for the major events.
Frequently asked questions
Are these records about the current 1FFC lender?
These entries concern Franklin First Financial Ltd. The Georgia company has a separate records guide.
Does a settlement mean a criminal conviction?
No. A civil settlement should not be described as a criminal conviction.
Sources
Read the original documents and company pages behind this guide.
- HUD archive · 2010 Franklin First settlement archives.glb.hud.gov · reviewed October 16, 2026
- Federal Register · HUD 2013 agreement notice (PDF) public-inspection.federalregister.gov · reviewed October 16, 2026
- NYDFS · Mortgage enforcement action register www.dfs.ny.gov · reviewed October 16, 2026
- FDIC · Professional-liability settlement register www.fdic.gov · reviewed October 16, 2026
- U.S. Department of Justice · February 7, 2017 civil settlement www.justice.gov · reviewed October 16, 2026
- NYDFS · November 16, 2018 cease-and-desist order (PDF) www.dfs.ny.gov · reviewed October 16, 2026
