XCEED Mortgage re-launches PRIME Conventional mortgage product

TORONTO, Jan. 12, 2012 /CNW/ - Xceed Mortgage Corporation [TSX: XMC], a Canadian provider of residential mortgages, today announced the official re-launch of the PRIME Conventional mortgage product.  XCEED adds PRIME Conventional to a unique line of products offering value and flexibility to homebuyers.

XCEED PRIME Conventional is available for three and five year terms on both purchase and refinance with no additional Canada Mortgage and Housing Corporation (CMHC) loan premium with competitive interest rates. XCEED PRIME Conventional is offered directly to existing Clients and through select Mortgage Brokers across Canada. More information can be found at www.xceedconventional.com.

About Xceed Mortgage

Xceed Mortgage Corporation, based in Toronto, is a Canadian provider of residential mortgages that it originates in Canada. The company has approximately $1.2 billion of mortgages and other assets under administration. Xceed's shares are traded on the Toronto Stock Exchange [TSX: XMC]. To find out more about Xceed Mortgage Corporation, visit our website at www.xceedmortgage.com.

Gleb Ioussoufovitch, Director Sales and Marketing
XCEED Mortgage Corporation
[email protected]
[phone] extension 3243