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Prospect News home > News index > List of issuers H > Headlines for HomeBanc Mortgage Corp. > News item
Published on 7/28/2008 in the Prospect News Distressed Debt Daily.

HomeBanc Mortgage reports $9.48 million June net loss

By Caroline Salls

Pittsburgh, July 28 - HomeBanc Mortgage Corp. reported a $9.48 million net loss for June on $1.2 million in total revenues, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

The figures compared to a $4.2 million net loss reported for May on $1.09 million in total revenues.

Cash and cash equivalents on June 30 were $4.35 million, down from $6.03 million at May 31.

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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