UFMC Prices Stock Offering

United Financial Mortgage Corp., Oak Brook, Ill., has announced the pricing of a public offering of approximately 2.04 million shares of common stock at $6.67 per share.The gross proceeds totaled approximately $13.6 million. Maxim Group LLC, the sole underwriter, has been granted an option to buy approximately 306,000 additional shares from the company's largest shareholder to cover any overallotments, UFMC said. UFMC, a retail and wholesale mortgage lender, can be found on the Internet at http://www.ufmc.com.

For reprint and licensing requests for this article, click here.
Originations
MORE FROM NATIONAL MORTGAGE NEWS