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HomeBanc posts $3.5 million April net loss
By Jennifer Lanning Drey
Portland, Ore., June 4 - HomeBanc Mortgage Corp. reported a $3.50 million net loss on $1.09 million in total revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
In March, the company posted a $2.13 million net loss on $638,000 in total revenues.
Cash and cash equivalents were $5.97 million at April 30, compared with $6.52 million at the end of March.
HomeBanc, an Atlanta-based mortgage banking business, filed for bankruptcy on Aug. 9, 2007. Its Chapter 11 case number is 07-11079.
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