Press Release & News

FOR IMMEDIATE RELEASE

Abode Mortgage Corporation Obtains Approved Lender Status with CMHC

VANCOUVER, BRITISH COLUMBIA, Sep 22, 2008 (Marketwire via COMTEX) -- Abode Mortgage Corporation a residential mortgage lender, has obtained approved lender status with Canada Mortgage and Housing Corporation (CMHC). Abode Mortgage Corporation's ability to offer insured mortgages through CMHC's mortgage program will provide many benefits to our mortgage professionals in the Canadian market.

"I am pleased to announce our relationship with CMHC," stated Michael J. Linehan, Chief Executive Officer of Abode Mortgage Corporation. "CMHC's comprehensive suite of mortgage insurance products provides Abode's customers with increased choice and flexibility when determining their mortgage needs. CMHC's approved lender status also provides Abode with additional flexibility in secondary markets through increased access to institutional whole loan buyers through the Canada Mortgage Bond (CMB) program, 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

Mike J. Linehan
CEO
Abode Mortgage Holdings Corp.
Telephone: 604.642.2633
Email: ir@abodecorp.com

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