HomeBanc Mortgage Corporation - Wholesale, Retail A
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stories: ajc.com, yahoo.com, cnn.com
The AJC has an article out detailing the closure of HomeBanc. The article notes that HomeBanc lent approximately $5 billion in 2006 mainly on Georgia and Florida properties. The company is filing for bankruptcy protection. Further:
The article notes that Homebanc has approximately 1,100 employees currently.
Original Post 2007-08-07
News has been released that HomeBanc Mortgage Corporation (homebanc.com) has been unable to continue funding loans, has ceased accepting mortgage applications and will be jettisoning some portion of their business to Countrywide Financial. Per the press release.
We are working on filling out details of how large HomeBanc Mortgage's operations were. If you have any information regarding their monthly loan volume (peak), loan mix or number of employees, please let us know!
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.