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 27, 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 27, 1999, United Financial Mortgage Corp. (the
"registrant") issued a press release regarding its sales loan volume
for the calender year ended Decmeber 31, 1998. 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
January 28, 1999 /s/ Steve Y. Khoshabe
Vice President and Chief Financial
Officer
FOR IMMEDIATE RELEASE:
For Additional Information:
Steve Khoshabe, Executive Vice President/CFO Spencer Maus, Director
United Financial Mortgage Corporation Dresner Corporate Servics, Inc.
630-571-7222 312-726-3200, extension 204
www.ufmc.com [email protected]
[email protected]
United Financial Mortgage Corporation Loan Volume Increases 80% in
Calendar 1998
Chicago, IL - January 26, 1999 - United Financial Mortgage
Corporation (CHX: "UFM"), of Oak Brook, IL announced Calendar Year
1998 mortgage loan volume increased 80% to $344,736,674 as compared
to $190,898,247 for the same calendar year period in 1997. During
the recent calendar year United Financial completed the acquisition
of certain assets of Mortgage Service America, Inc. (MSA) of Lombard,
IL and commenced use of an automated loan underwriting system.
Mr. Joseph Khoshabe, President of United Financial Mortgage
Corporation stated "We are very pleased with the results during
calendar 1998. The increase in our loan volume was attributable to a
favorable interest rate environment and our internal and external
expansion achievements."
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. 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.
This press release may contain forward looking statements that
involve risks and uncertainties that could cause actual results to
differ materially from the statements contained herein. Such risks
and uncertainties include, but are not limited to, changes in the
performance of the financial markets, changes in the demand for and
market acceptance of the Company's products, changes in the mortgage
lending industry or changes in general economic conditions, including
interest rates, the impact of competition, changes in the value of
real estate, the ability to maintain and increase sources of funding,
and other risks disclosed from time to time in the Company's SEC
reports and filings.
