HMB Hudbay Minerals

ATLANTA, July 17 /PRNewswire-FirstCall/ -- HomeBanc Corp. (NYSE:HMB) ("HomeBanc" or the "Company"), a real estate investment trust ("REIT"), announced today that its board of directors has declared a quarterly cash dividend of $0.26 per share on the Company's common stock. The dividend will be paid on August 14, 2006 to shareholders of record on July 31, 2006. Today's dividend announcement is not expected to be a return of capital for tax purposes. HomeBanc also announced the regular quarterly dividend on its 10% Series A Cumulative Redeemable Preferred Stock of $0.625 per share for the quarter ending September 30, 2006. The dividend is payable on October 2, 2006 to Series A preferred shareholders of record as of September 15, 2006. Additionally, the Company is providing the following operating statistics for the periods indicated: % % ($s in billions) Q2 2006 Q1 2006 Change Q2 2005 Change Total Loan Originations $1.4 $1.2 17% $1.8 (22)% Loan Applications $1.6 $1.6 0% $2.3 (30)% REIT Investment Portfolio $6.1 $5.9 3% $4.4 39% The Company will be releasing second quarter 2006 earnings on August 7, 2006 and hosting a conference call on August 8, 2006. The conference call will be held at 10:30 a.m., Eastern time. The conference call dial-in number is 800-949-8987 in the United States and Canada and 706-634-0965 from international locations. The conference ID number is 2786112. You may also listen to the call under the investor relations section of the HomeBanc website at http://www.homebanc.com/. PowerPoint slides to accompany the conference call will be available on the Company's website under Investor Relations - Financial/Statistical Information and also on the Company's website under Investor Relations - Webcast Live link. The Internet broadcast will be archived until August 22, 2006. A digital recording of the conference call will be available for replay two hours after the call's completion and will be available through August 15, 2006. To access this recording, dial 800-642-1687 or 706-645-9291 and conference ID 2786112. The Company offers its shareholders the opportunity to participate in the HomeBanc Corp. Dividend Reinvestment and Stock Purchase Plan. To obtain information about the plan, including account opening materials, please contact Computershare Trust Company at 800-697-8199. HomeBanc Corp. is the parent company of HomeBanc Mortgage Corporation, a mortgage banking company that focuses on originating purchase money residential mortgage loans in the southeast United States. HomeBanc Corp. has made an election to be taxed as a REIT for federal income tax purposes. For more information about HomeBanc Corp., HomeBanc Mortgage Corporation or the Company's mortgage products, contact HomeBanc at http://www.homebanc.com/. This press release may include forward-looking statements within the meaning and subject to the protection of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward- looking statements are based on information presently available to the Company's management and are subject to various risks and uncertainties, including, without limitation, risks of changes in interest rates on our mortgage loan production and our interest sensitive assets and liabilities; the effects of changes in interest rates on the credit risks of customers and on the mix and types of loans sought by its customers; loan loss experience and the rate of loan charge-offs; risks inherent in originating mortgage loans; loss experience arising from alleged breaches of representations and warranties provided to buyers of our mortgage loans that are sold to third parties; risks related to our execution of our business strategy and our ability to meet the requirements for operation as a REIT; the failure of assumptions underlying the establishment of reserves for possible loan and contingency losses and other estimates; the risk that loan applications may not be indicative of loan origination volume realized in the future due to fallout from applicants not completing the application process or not closing a loan; risks in our ability to retain experienced loan officers; the uncertainties and costs of litigation, and the other risks described in the Company's SEC reports and filings under "Special Cautionary Notice Regarding Forward Looking Statements" and "Risk Factors." You should not place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made. The Company has no obligation and does not undertake to publicly update, revise or correct any of the forward-looking statements after the date of this press release, or after the respective dates on which such statements otherwise are made, whether as a result of new information, future events or otherwise. DATASOURCE: HomeBanc Corp. CONTACT: INVESTOR CONTACT: Carol Knies, +1-404-459-7653, , or MEDIA CONTACT: Mark Scott, +1-404-459-7452, , both of HomeBanc Corp. Web site: http://www.homebanc.com/

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