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HomeBanc posts $36.04 million October net loss
By Caroline Salls
Pittsburgh, Nov. 27 - HomeBanc Mortgage Corp. reported a $36.04 million net loss for October on a negative $33.04 million in revenues, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The figures showed a decline over a $27.93 million September net loss on $2.84 million in revenues.
Cash and cash equivalents were $9.78 million as of Oct. 31, compared with $12.04 million as of Sept. 30.
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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