Abode Mortgage Corporation

Abode Mortgage Corporation

June 20, 2008 15:54 ET

Abode Mortgage Corporation Confirms Approved Lender Status With Genworth Financial Canada

VANCOUVER, BRITISH CCOLUMBIA--(Marketwire - June 20, 2008) - Abode Mortgage Corporation (TSX VENTURE:ABD), a residential mortgage lender, confirmed that it has obtained approved lender status with Genworth Financial Canada to provide default insurance for mortgages originated at Abode Mortgage Corporation.

"I am very pleased to confirm our relationship with Genworth Financial Canada," stated Michael J. Linehan, Chief Executive Officer of Abode Mortgage Corporation. "Genworth Financial Canada, the Homeownership Company, is a leading private sector supplier of mortgage default insurance in Canada and makes homeownership more accessible for Canadians. Genworth insurance coverage will also provide Abode with greater access to the capital markets by allowing it to sell its mortgages to a wide range of institutional whole loan purchasers."

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.

About Genworth Financial Canada:

Genworth Financial Canada, The Homeownership Company, works with lenders, mortgage brokers, real estate agents and builders to make homeownership more affordable and accessible throughout Canada. The company combines global experience in mortgage insurance with technological and service leadership to deliver innovation to the mortgage marketplace.

Additional information about Genworth Financial Canada is available at www.genworth.ca or through mortgage lenders.

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

Contact Information