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HomeBanc December net loss widens to $396.4 million
By Caroline Salls
Pittsburgh, Jan. 25 - HomeBanc Mortgage Corp. reported a $396.4 million net loss for December on $10.92 million in revenues, according to its monthly operating report filed Friday with the Securities and Exchange Commission.
By comparison, in November the company posted an $11.59 million net loss on $8.12 million in revenues.
Cash and cash equivalents were $7.39 million at Dec. 31, compared with $7.94 million at the end of November.
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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