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) April 13, 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 April 13, 1999, United Financial Mortgage Corp. (the
"registrant") issued a press release regarding signing a strategic
alliance with Bank Rate Monitor. 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
April 14, 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 Signs Strategic Alliance with Bank
Rate Monitor
Chicago, IL - April 12, 1999 - United Financial Mortgage Corp.
(CHX: "UFM"), of Oak Brook, IL announced it has signed an agreement with
Bank Rate Monitor (BRM) to provide mortgage rates and financing to the
Bank Rate Monitor Infobank (www.bankrate.com). United Financial previously
announced an agreement with Microsoft Corp. (Nasdaq: MSFT) to team with the
local MSN@ Sidewalk@ (www.Chicago.Sidewalk.com) as a part of its overall
Internet strategy.
The agreement calls for United Financial's information to be available at
all sites that BRM supplies information. BRM is the authorized rate supplier
to Yahoo!, Excite, Realtor.com, Microsoft's Money Insider, Quicken,
Kiplinger, Motley Fool and America Online. The BRM site hyperlinks from
other major web sites such as Netscape, Time-Warner's Pathfinder, The
Microsoft Network and Money Magazine.
Mr. Joseph Khoshabe, President of United Financial Mortgage Corp. stated
"The Company's Internet marketing strategy is based upon forming key
strategic alliances to take advantage of the e-commerce distribution
channels. Bank Rate Monitor is one of the most respected providers of
financial information and services on the internet. We are extremely
pleased that Bank Rate Monitor invited us to join its growing list of top
quality financial service providers."
United Financial recently was authorized, by its Board of Directors, to
repurchase its common stock in the open market and to file an application
for listing on the Nasdaq Small Cap Market. The Company stated that it
would continue to maintain the listing of its stock on the Chicago Stock
Exchange.
United Financial Mortgage Corp. is a national mortgage banker principally
engaged in both retail and wholesale mortgages for family residences of one
to four units through traditional and e-commerce channels. 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, calculated mortgage payments, and apply on-line for a mortgage.
