HomeBanc Mortgage shows $11.59 million November net loss

By Caroline Salls

Pittsburgh, Dec. 21 - HomeBanc Mortgage Corp. reported an $11.59 million net loss for November on $8.12 million in revenues, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

The figures showed improvement over a $36.04 million October net loss on a negative $33.04 million in revenues.

Cash and cash equivalents were $7.94 million at Nov. 30, compared with $9.78 million at the end of October.

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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