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) May 25, 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 May 25, 1999, United Financial Mortgage Corp. (the
"registrant") issued a press release announcing a strategic alliance
with Austin Bank of Chicago. 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
June 1, 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, Senior Vice President
Dresner Corporate Services, Inc.
(312) 726-3200, extension 205
[email protected]
United Financial Mortgage Signs Strategic Alliance with Austin
Bank of Chicago
Chicago, IL - May 25, 1999 - United Financial Mortgage Corp.
(CHX: "UFM"), of Oak Brook, IL today announced a strategic alliance to
exclusively provide mortgage products and services to the customers of
one of Chicago's oldest and most highly regarded financial institutions,
the Austin Bank of Chicago. Austin Bank meets the financial services
needs of retail and commercial customers on the City's West Side and
nearby suburbs.
The agreement calls for United Financial loan officers to staff Austin
Bank branches and provide a number of diversified products previously
not available to the Bank's customers via direct marketing at the branch
levels and the internet.
United Financial previously announced an agreement with Microsoft Corp.
(Nasdaq: MSFT) to team with the local MSN@Sidewalk
(www.Chicago.Sidewalk.com) and with the Bank Rate Monitor Infobank
(www.bankrate.com) as a part of its overall Internet strategy.
Mr. Joseph Khoshabe, President of United Financial stated "We are honored
and pleased that Austin Bank has selected United Financial as its exclusive
provider of mortgage products and services. The officers of Austin Bank
have placed a great deal of faith and trust in us to provide the highest
level of professionalism to their customers. This alliance will enhance
the Austin Bank's ability to provide customers with quality mortgage
instruments and will further enhance United Financial's loan origination
capability."
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.
