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HomeBanc Mortgage posts $106.89 million net loss for eight months ended Aug. 31
By Caroline Salls
Pittsburgh, Oct. 10 - HomeBanc Mortgage Corp. reported a $106.89 million net loss for the eight months ended Aug. 31, according to a Wednesday filing with the Securities and Exchange Commission.
The net loss declined from a $6.48 million net loss as of Dec. 31, 2006.
Cash and cash equivalents on Aug. 31 were $9.43 million, compared with $20.99 million on Dec. 31, 2006.
HomeBanc, an Atlanta-based mortgage banking business, filed for bankruptcy on Aug. 9 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 07-11079.
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