SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 19, 2004 __________ Franklin Credit Management Corp. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 0-17771 (Commission File Number) 75-2243266 (I.R.S. Employer Identification No.) Six Harrison Street New York, NY 10013 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (212) 925-8745 Item 5. Other Events and Regulation FD Disclosure. On July 19, 2004, Franklin Credit Management Corporation (the "Company"), a Delaware corporation, issued a press release entitled, "Franklin Credit Announces Purchase of $310 Million Subprime Mortgage Portfolio." A copy of the Company's press release is attached as Exhibit 99.1. Item 7. Exhibits. Exhibit No. Description 99.1 Press Release, dated July 19, 2004, entitled "Franklin Credit Announces Purchase of $310 Million Subprime Mortgage Portfolio". SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. FRANKLIN CREDIT MANAGEMENT CORPORATION By: /s/ Thomas J. Axon Thomas Axon Chairman and Chief Executive Officer Date: July 19, 2004