ResMAE posts $5.6 million net loss for Feb. 12 to Feb. 28

By Caroline Salls

Pittsburgh, April 2 - ResMAE Mortgage Corp. reported a $5.6 million net loss for the period of Feb. 12 to Feb. 28 on $797,000 in revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Cash and cash equivalents on Feb. 28 were $1.09 million.

ResMAE, a mortgage lender based in Brea, Calif., filed for bankruptcy on Jan. 12. Its Chapter 11 case number is 07-10177.

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