Industry News

National City still holds $7.3 billion in subprime loans

First Franklin 'run-off' portfolio cost $172 million in Q4
Published on Jan 24, 2007

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by CareyBot

National City Corp. reported a $622 million after-tax gain on the sale of its First Franklin subsidiary, but is still trying to unload $7.3 billion in loans made by the subprime lender before the sale. The First Franklin “run-off” portfolio ...