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) August 26th, 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 August 26th, 1999, United Financial Mortgage Corp. (the
"registrant") issued a press release announcing Ginnie Mae approval.
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
August 26, 1999 /s/ Steve Y. Khoshabe
Vice President and Chief Financial
Officer
FOR IMMEDIATE RELEASE:
For Additional Information:
United Financial Mortgage Corp.
600 Enterprise Dr., Suite 206
Oak Brook, IL 60523
(630) 571-7222
(630) 571-2623 fax
Contact: Steve Khoshabe
Chief Financial Officer
www.ufmc.com
[email protected]
Coffin Communications Group
15300 Ventura Boulevard, Suite 303
Sherman Oaks, CA 91403
(818) 789-0100
(818) 789-1152 fax
Contact: William F. Coffin, CEO
Mark Daugherty, Account Executive
For Immediate Release
United Financial Mortgage Corp. Receives Ginnie MAE Approval
Oak Brook, IL - August 26, 1999 - United Financial Mortgage Corp.(CHX:UFM), a
leading mortgage banker, today announced that it has received approval from the
Government National Mortgage Association("Ginnie Mae") to offer the
Ginnie Mae I and Ginnie Mae II single family mortgage-backed securities
programs. As a Ginnie Mae-approved mortgage-backed securities issuer, United
Financial Mortgage Corp will have a role in fulfilling the Ginnie Mae's
charter to provide liquidity to the secondary mortgage market by attracting
funds from the capital markets to the residential mortgage market.
Joseph Khoshabe, United Financial Mortgage's CEO and President, stated, "I am
pleased to be able to report approval from Ginnie Mae, which enhances our
customer service capabilities and bolsters our competitive position. United
Financial Mortgage Corp. is now a fully approved mortgage banker with Ginnie
Mae, Fannie Mae, Freddie Mac, the VA and the FHA, giving us 'one-stop shop'
competitive advantages. With access to an effecient market for securitization
of the most popular forms of mortgage loans, we can offer our customers the
fullest and most timely information available to guide their financing
activities, as well as flexible loan structuring and quick, responsive approval
channels."
About Ginnie Mae
Ginnie Mae is a United States government-owned corporation within the
Department of Housing and Urban Development (HUD). Its mission is to
support expanded affordable housing in America by providing an effecient
government-guaranteed secondary market vehicle linking the capital markets
with Federal housing markets.
About United Financial Mortgage Corp.
United Financial Mortgage Corp. is a national mortgage banker principally
engaged in originating both retail and wholesale mortgages for single family
residences of one to four units. The Company is headquartered in Oak Brook,
IL and has regional offices in several other states. The Company's web site
(www.ufmc.com) allows consumers to get information on the many different
types of mortgage loans offered by the Company, calculate mortgage payments,
and apply on-line for a mortgage.
