HomeBanc to Form REIT, Go Public

HomeBanc Mortgage Corp., Atlanta, has announced plans to form a mortgage real estate investment trust that is expected to go public within several months.The REIT, HomeBanc Corp., will file a registration statement with the Securities and Exchange Commission for the purpose of an initial public offering in late spring or early summer, HomeBanc Mortgage said. The size of the IPO is expected to be approximately $500 million, the company said. HomeBanc Mortgage can be found on the Web at http://www.homebanc.com.