Delisting of Securities of Franklin Credit Management Corp. From The NASDAQ Stock Market

The NASDAQ Stock Market announced today that it will delist the common stock of Franklin Credit Management Corp. Franklin Credit Management Corp’s stock was suspended on November 3, 2008 and has not traded on NASDAQ since that time. NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes effective ten days after the Form 25 is filed. For news and additional information about the company, including the basis for the delisting and whether the company’s securities are trading on another venue, please review the company’s public filings or contact the company directly.

For more information about The NASDAQ Stock Market, visit the NASDAQ Web site at http://www.nasdaq.com. NASDAQ’s rules governing the delisting of securities can be found in the NASDAQ Rule 4800 Series, available on the NASDAQ Web site.

Editor’s Note: Franklin Credit Holding Corporation ("Franklin Holding" and with its direct and indirect subsidiaries, the "Company") is a specialty consumer finance company primarily engaged in the servicing and resolution of its performing, reperforming and nonperforming residential mortgage loans. Franklin’s portfolio consists of both first- and second-lien loans secured by 1-4 family residential real estate that generally fall outside the underwriting standards of Fannie Mae and Freddie Mac and involve elevated credit risk as a result of the nature or absence of income documentation, limited credit histories, higher levels of consumer debt or past credit difficulties. The Company typically purchased these loan portfolios at a discount to the unpaid principal balance and originated loans with loan-to-value ratios at origination of 75% or less and interest rates and fees calculated to provide a rate of return adjusted to reflect the elevated credit risk inherent in these types of loans. Non-prime loans were originated through its wholly-owned subsidiary, Tribeca Lending Corp., and have generally been held for investment. The Company’s executive, administrative and operations offices are located in Jersey City, New Jersey. Additional information on the Company is available on the Internet at http://www.franklincredit.com.