Franklin Credit Management Corp., Jersey City, N.J., has announced an agreement under which it will service approximately $245 million in home equity lines of credit for Bosco Credit LLC. Franklin Credit said the HELOC loans were acquired on May 28 by Bosco, which is owned and controlled by Thomas J. Axon, chairman of Franklin Credit. "This represents a major step forward for our company in the execution of its business strategy targeting the provision of services for third parties on a fee-paying basis," said Gordon Jardin, Franklin Credit's chief executive officer. The company can be found on the Web at http://www.franklincredit.com.
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