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UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION -----------------------
Washington, D.C. 20549 OMB Number: 3235-0058
Estimated average burden
hours per response 2.50
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 2-67676
CUSIP NUMBER
(Check One): X Form 10-K Form 20-F Form 11-K Form 10-Q Form N-SAR
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For Period Ended: December 31, 1996
[ ]Transition Report on Form 10-K
[ ]Transition Report on Form 20-F
[ ]Transition Report on Form 11-K
[ ]Transition Report on Form 10-Q
[ ]Transition Report on Form N-SAR
For the Transition Period Ended:
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
Not applicable.
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PART I - REGISTRANT INFORMATION
C.M. Corp.
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Full Name of Registrant
U.S. Home Finance Corporation
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Former Name if Applicable
311 Park Place Blvd., Suite 500
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Address of Principal Executive Office (Street and Number)
Clearwater, FL 34619
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City, State and Zip Code
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PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort
or expense;
X (b) The subject annual report, semi-annual report, transition
--- report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar
day following the prescribed due date; or the subject
quarterly report of transition report on Form 10-Q, or
portion thereof will be filed on or before the fifth calendar
day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)
The Registrant was waiting for information from an unaffiliated third party
entity to disclose in the Form 10-K filing for 1996.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Ronald C. McCabe (813) 791-2183
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months (or for such
shorter) period that the registrant to file such report(s) been filed?
If answer is no, identify report(s).
X Yes No
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(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the
subject report or portion thereof?
X Yes No
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If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.
The Registrant has consistently reported net losses from its
operations each year since 1986. At December 31, 1996, the Registrant
adjusted its valuation reserves for losses on mortgage loans and
foreclosed properties to reflect the subsequent sale in 1997 of
substantially all of its remaining mortgage loans without recourse at
an above par purchase price to an unaffiliated investor which results
in income before income tax of $1,378,000 for 1996.
C.M. Corp.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date March 31, 1997 By /s/ Ronald C. McCabe
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Ronald C. McCabe, Senior Vice President
