MILA posts $211,718 September operating loss

By Caroline Salls

Pittsburgh, Oct. 18 - MILA, Inc. reported a $211,718 operating loss for September on zero interest income, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Western District of Washington.

The net loss for the month was $2.51 million.

Cash and cash equivalents on Sept. 30 were $67,641.

MILA, formerly a Mountlake Terrace, Wash., wholesale residential mortgage lender, filed for bankruptcy on July 2. It does business as Mortgage Investment Lending Associates. Its Chapter 11 case number is 07-10359.

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