Howard N. Morof has been named chief financial officer of Franklin Financial Group, a Southfield, Mich.-based financial services organization specializing in the residential mortgage industry.Mr. Morof will assist in developing the capital structure of the organization to support continued growth, the company said. Before joining Franklin, Mr. Morof was CFO for Broder Bros., a national distribution firm in Plymouth, Mich., and he was previously a partner at MSW Group, a public accounting and consulting firm in the Detroit area. An affiliate of Franklin Security Bank FSB, Franklin can be found online at http://www.franklin-mtg.com.
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The structure contains seven tranches of class A notes, including two tranches for first cash flow and last cash flow, both initially exchangeable.
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