Abode Mortgage Corp.

December 21, 2007 13:44 ET

Abode Mortgage Corporation Announces Completing Two Whole Loan Sales

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2007) - Abode Mortgage Corporation (TSX VENTURE:ABD) is pleased to report that it has completed two back to back whole loan sales with a book values of $23.7 Million and a sales value of $24.3 Million. The mortgages were sold in two separate transactions; the first to a National Canadian Financial Institution and the second to a Global Financial Institution on December 19th and December 21st, 2007 respectively.

"Our ability to secure capital markets buyers, as evidenced by this and other recent whole loan sales, provide Abode Mortgage Corporation with competitive funding solutions that support our on-going business model. We are very pleased to report completion of these sale transactions in a consistent and timely manner as our business continues to move forward," said Chief Executive Officer Mike Linehan.

About Abode Mortgage Holdings Corp.

Abode Mortgage Holdings Corp. is a public company trading on the TSX Venture Exchange under the symbol ABD, and through its wholly owned subsidiary, Abode Mortgage Corporation, provides mortgage services to the increasing number of Canadians who are unable to find mortgage financing through traditional sources. Headquartered in Vancouver, Abode Mortgage Corporation is delivering a new standard of service excellence to the Canadian non-conforming residential mortgage industry by providing simplified products, consistent underwriting decisions, uniformed pricing and competitive compensation programs. The Company launched its lending operations in February, 2007.

Information about Abode Mortgage Corporation is available on the Internet at: www.abodecorp.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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