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HomeBanc Snapshot
When you need some blood, you visit the blood bank. When you need a place to live, you visit the HomeBanc! A real estate investment trust (REIT), HomeBanc originates and invests in residential mortgage loans in the Southeast. Through subsidiary HomeBanc Mortgage, the company issues prime fixed-rate first mortgages, adjustable-rate mortgages (ARMs), subprime loans, and home equity credit lines through about 25 offices, as well as through marketing agreements with homebuilders and realtors and via the Web. HomeBanc operates primarily in Georgia, Florida, North Carolina, and Tennessee. The company filed for Chapter 11 bankruptcy protection in 2007.
