M&I Reports Exposure to Franklin

Meanwhile, Marshall & Ilsley Corp., Milwaukee, has reported that its total credit exposure to Franklin Credit Management and a subsidiary stood at $282 million as of Oct. 31, and M&I said any losses related to that exposure are not expected to be material to its financial results.M&I said all its loans to Franklin and the subsidiary, Tribeca Lending Corp., were current and performing as of Oct. 31. Of the mortgage pools securing M&I's loans to Franklin, more than half of approximately $123 million originated since 2005 are current and performing, and "any losses imbedded in the remaining amount are not expected to be material to M&I's financial results," the company said. M&I can be found on the Web at http://www.micorp.com.