| United Financial Mortgage Corp. | |||
| Proposed Ticker: | UFM | 600 Enterprise Drive, Suite 206 | |
| Exchange: | Chicago Stock Exchange | Oak Brook, IL 60521 | |
| Industry: | Financial (SIC Code 6162) | (630) 571-7222 | |
| Type of Shares: | Common Shares | Filing Date: | 5/14/97 | |
| U.S. Shares Filed: | 800,000 | Filing Range: | $5.50 - $6.50 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $4,800,000 | |
| Primary Shares: | 800,000 | Expenses: | $350,000 | |
| Secondary Shares: | 0 | Shares Out After: | 3,900,029 |
| Manager | Tier | Phone |
| Mills Financial Services, Inc. | Lead Manager | (312) 977-3006 |
| Issuer's Law Firm: | General Counsel |
| Auditor: | Craig Shaffer & Associates |
| Registrar/Transfer Agent: | Corporate Stock Transfer, Inc. CO |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 4/30/96 | 1/31/97 | 1/31/96 | 1/31/97 | ||
| Revenue: | $6.44 | $4.56 | $4.79 | Assets: | $11.10 |
| Net Income: | $0.01 | -$0.47 | $0.13 | Curr Assets: | |
| EPS: | $0.00 | -$0.15 | $0.04 | Liabilities: | $9.08 |
| Prior EPS: | $0.01 | -$0.91 | -$0.02 | Curr Liabilities: | |
| Cash Flow/Oper: | $0.28 | Equity: | $2.02 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is an Illinois corporation organized on April 30, 1986 to engage in the residential mortgage banking business. The company's primary focus has been the retail and wholesale origination and the sale of mortgage loans for one-to-four family properties. The company is an approved mortgage loan seller/servicer with the Federal Home Loan Mortgage Corporation and with the Federal National Mortgage Association. In addition, the company is an approved mortgagee by the Federal Housing Administration and the Department of Veteran's Affairs. The company's strategy is to expand retail and wholesale loan origination; and build a quality servicing business. Increased loan origination will expand the company's revenue base and provide selected loans for the expansion of its servicing business. And expanded servicing business base consisting of quality loans will enhance earnings by providing revenues on a stabilized basis. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes including capital to support expansion of the company's retail and wholesale loan origination, and servicing activities. |