Abode Mortgage Corporation

Abode Mortgage Corporation

March 29, 2007 05:00 ET

Abode Mortgage Corporation Announces CDN $75 Million Credit Facility With Deutsche Bank AG

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2007) - Abode Mortgage Corporation (TSX VENTURE:ABD), a new national non-conforming mortgage lender, announced today that it has established a $75 million revolving warehouse credit facility with Deutsche Bank AG. This new credit facility will be used to originate and fund the Company's non-conforming residential mortgage business.

"We are extremely pleased to be working with such a strong and well-regarded partner as Deutsche Bank," said William Atkinson, Chief Executive Officer of Abode Mortgage Corporation. "The non-conforming market continues to represent the fastest growing segment of the Canadian mortgage market, growing at an estimated 50% per year. This warehouse credit facility will allow Abode to aggressively expand our product offering to meet this growing demand on a national basis in 2007."

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 Western Canada 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.

Contact Information