Mortgage co. goes public amid market downturn

HomeBanc stock continues climb

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The company that began two decades ago as the mortgage arm of HomeBanc Federal Savings is transitioning into its new status as a publicly traded real estate investment trust.

Atlanta-based HomeBanc Corp. went public July 14, during the same time many mortgage lenders are warning of lay-offs and declining revenues because of the drop off in refinancings.