A credit crunch in the mortgage business claimed another victim Tuesday when Atlanta-based HomeBanc Corp. said it would stop making loans and sell assets to Countrywide Financial Corp. HomeBanc, which has offices in Charlotte's SouthPark area and Raleigh, said that as of Monday it was no longer able to borrow on credit agreements with other lenders. That left it unable to fund new loans. The ...
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[Source: Yahoo! News Search Results for mortgages]
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