UNITED FINANCIAL MORTGAGE CORP
8-K, 1999-02-05
MORTGAGE BANKERS & LOAN CORRESPONDENTS
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                               UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C. 20549

                                 Form 8-K

             Current Report Pursuant to Section 13 or 15(d) of 
                        The Securities Act of 1934


    Date of Report (Date of earliest event reported) January 29, 1999

                      UNITED FINANCIAL MORTGAGE CORP.
             (Exact name of small business issuer as specified in its 
             charter)

             ILLINOIS                                36-3440533
             (State or other jurisdiction of         (I.R.S. Employer
             incorporation or organization)          Identification No.)

                           600 Enterprise Drive,
                                 Suite 206
                         Oak Brook, Illinois 60523

                Issuer's telephone number:  (630) 571-7222

   _________________Not Applicable_____________________________________
       (Former name or former address, if changed since last report)


        Item 5.    Other Events

        On January 29, 1999, United Financial Mortgage Corp. (the     
        "registrant") issued a press release regarding an agreement with 
        Microsoft to join Sidewalk.com on the World Wide Web.  A copy of
        the press release is attached hereto as exhibit 99.

        Pursuant to the requirements of the Securities Exchange Act of 
        1934, the registrant has duly caused this report to be signed on its
        behalf by the undersigned hereto duly authorized.

                                 United Financial Mortgage Corp.
        Date Signed

        February 5, 1999              /s/ Steve Y. Khoshabe
                                      Vice President and Chief Financial
                                      Officer



   FOR IMMEDIATE RELEASE:

   For Additional Information:
   Steve Khoshabe, Executive Vice President/CFO    
   United Financial Mortgage Corp           
   (630) 571-7222                                
   www.ufmc.com                                      
   [email protected] 

   Spencer Maus, Director
   Dresner Corporate Services, Inc.
   (312) 726-3200, extension 204
   [email protected]

         United Financial Mortgage Joins Microsoft on Sidewalk.com

   Chicago, IL - January 28, 1999 - United Financial Mortgage 
   Corporation (CHX: "UFM"), of Oak Brook, IL announced it has signed an
   agreement with Microsoft Corp. (Nasdaq: MSFT) to join the 
   growing list of top local Chicago businesses who have teamed with the
   local MSN Sidewalk on the World Wide Web(www.Chicago.Sidewalk.com).
   United Financial (www.ufmc.com) will Provide www.Chicago.Sidewalk.com
   visitors with the opportunity get information on the many different
   types of mortgage loans offered by United Financial, calculate mortgage
   payments, and apply on-line for a mortgage. 

   Mr. Joseph Khoshabe, President of United Financial Mortgage 
   Corporation stated "We are very excited that Microsoft has accepted 
   us among a growing list of top Chicago businesses at its new and 
   exciting consumer web site.  Now anyone across the U.S., who visits 
   Chicago via the local MSNR Sidewalk, will be able to compare, 
   calculate and apply for a mortgage from the comfort of his or her 
   home or office. With this agreement, we have achieved one of our 
   major goals by teaming with Microsoft to make our mortgage lending 
   services even more accessible."

   United Financial Mortgage Corporation is a national mortgage banker 
   principally engaged in originating retail and wholesale mortgages for
   single family residences of one to four units.  The Company is 
   headquartered in Oak Brook, Illinois and has regional offices in 
   several other states. 

   MSN Sidewalk is an online guide designed to help consumers nationwide
   make better decisions about how to spend their time and money, get 
   access to personalized information on arts and entertainment as well 
   as expert advice and buying tips on a broad range of products and 
   services.

   Founded in 1975, Microsoft Corp. is the worldwide leader in software 
   for personal computers. The company offers a wide range of products 
   and services for business and personal use, each designed with the 
   mission of making it easier and more enjoyable for people to take 
   advantage of the full power of personal computing every day.

   NOTE:  Microsoft, Sidewalk and MSN are both registered trademarks or 
   trademarks of Microsoft Corp. in the United States and/or other 
   countries. Other product and company names herein may be trademarks 
   of their respective owners.



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