HomeBanc Mortgage said Tuesday that it is selling five of its retail branches plus a “significant” portion of its loan origination business to Countrywide Financial Corp.

Atlanta-based HomeBanc said it is exiting retail mortgage origination because it is unable to borrow money.

Terms of the deal were not disclosed but Calabasas-based Countrywide said it will not pay a cash premium for the transaction.

The move comes after HomeBanc was delisted Friday by the New York Stock Exchange because its shares were trading at 30 cents per share. The company is not a subprime lender but has had trouble selling loans it originates in the secondary mortgage market.

Countrywide will take over five branches spread out between Florida, North Carolina and Georgia but will not assume any other liabilities connected with HomeBanc, the company said. The transaction is expected to close by Friday.

“Countrywide is continuing to leverage the opportunities that are arising from the consolidating market,” said David Sambol, Countrywide’s president and chief operating officer.

Shares in Countrywide closed up 2.2 percent, or 60 cents to $27.35 in trading Tuesday on the New York Stock Exchange.