Abode Mortgage Corporation

Abode Mortgage Corporation

June 23, 2009 19:11 ET

Abode Mortgage Corporation Announces the Renewal of an $80 Million Credit Facility With Deutsche Bank AG

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2009) - Abode Mortgage Corporation, a wholly owned subsidiary of Abode Mortgage Holdings Corp. (TSX VENTURE:ABD), announced today that it has renewed its existing $80 million revolving warehouse credit facility with Deutsche Bank AG until June 1, 2010.

"We are extremely pleased to renew our warehouse facility and to continue our partnership with such a strong and well-regarded institution as Deutsche Bank," said Mike Linehan, Chief Executive Officer of Abode Mortgage Corporation.

About Abode Mortgage Holdings Corp.

Abode Mortgage Holdings Corp. is a publicly traded company on the TSX Venture Exchange under the symbol ABD, and through its wholly owned subsidiary, Abode Mortgage Corporation, provides residential mortgage financing to Canadians in the markets we serve. Headquartered in Vancouver, Abode Mortgage Corporation is delivering a new standard of service excellence to the Canadian residential mortgage industry by providing simplified products, consistent underwriting decisions, competitive pricing and compensation programs.

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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