Don Curtis has departed as national sales manager for Franklin Credit Management, Jersey City, N.J., accepting a position with Carrington Mortgage Services, a privately held specialty servicer.
At Carrington, Curtis will serve as vice president for business development. FCM is also a specialty servicer.
At one time, Franklin, a player in the subprime market, was controlled by Huntington National Bank of Ohio. Franklin has been restructured several times and its stock currently trades on the over-the-counter market under the symbol FCMC.OB. (Its last trade was 18 cents per share.)
A few weeks ago Franklin, in a new filing with the Securities and Exchange Commission, reported that it entered into a "sixth amendment" of a "forbearance" and "master credit agreement" it has with Huntington National.
The forbearance covers a $39.1 million debt owed to the bank by Franklin.
