Aegis Mortgage posts $10.08 million September operating loss

By Caroline Salls

Pittsburgh, Nov. 28 - Aegis Mortgage Corp. reported a $10.08 million operating loss for September on negative $6.17 million in revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The figures show improvement over a $32.31 million operating loss for August on negative $30.34 million in revenues.

The net loss for September was $6.9 million, narrowing from a $32.09 million August net loss.

Cash and cash equivalents on Sept. 30 were $11.12 million, compared with $10.46 million at the end of August.

Aegis Mortgage, a Houston-based mortgage production franchise, filed for bankruptcy on Aug. 13. Its Chapter 11 case number is 07-11119.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.