Abode Mortgage Corporation

Abode Mortgage Corporation

April 24, 2008 19:24 ET

Abode Mortgage Corporation Obtains Approved Lender Status With AIG United Guaranty

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 24, 2008) - Abode Mortgage Corporation (TSX VENTURE:ABD), a residential mortgage lender, has obtained approved lender status with AIG United Guaranty. Abode Mortgage Corporation's ability to offer insured mortgages will provide many benefits to consumers and mortgage professionals in the Canadian market.

"I am pleased to confirm our relationship with AIG United Guaranty," stated Michael J. Linehan, Chief Executive Officer of Abode Mortgage Corporation. "AIG United Guaranty's comprehensive suite of mortgage insurance products will provide Abode's customers with increased choice and flexibility when determining their mortgage needs. Mortgage default insurance also provides Abode with additional flexibility in secondary markets through increased access to institutional whole loan buyers, which further supports our business model."

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. The company launched its lending operations in Western Canada and recently expanded into the Province of Ontario.

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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