TMEB Terme Bancorp Inc (CE)

Terme Mortgage, Inc.(the �Mortgage Company�), a subsidiary of Terme Bancorp, Inc., (the �Company�) (Pink Sheets: TEMB.PK) announced today that it is one of the first lenders in Illinois to offer the federally insured, variable rate Home Equity Conversion Mortgage (HECM) product with a lower margin and a separate, fixed rate Reverse Mortgage product. The lower margin of 100 basis points versus the 150 basis points previously offered will provide seniors greater access to their home equity than the previously released products. The lower margin will reduce the interest costs on the HECM over the life of the loan, providing the senior with a larger amount of equity to utilize. For a borrower who is 65 and has a house in Cook County, Illinois, the borrower may be eligible to qualify for an additional $15,350 assuming their home is worth approximately $300,000 with no mortgages, liens or repairs compared to the traditional HECM with a margin of 150 basis points(a). �The lower margin gives seniors additional equity access from their homes and provides for a lower interest rate which will make Reverse Mortgages a more attractive option in retirement planning. While this is an exciting new feature, we expect that further new products and enhancements that will reduce rates and fees further, making a Reverse Mortgages a more intriguing product for additional seniors,� said George Yedinak, President of the Mortgage Company. �By maintaining our focus as an independent correspondent mortgage lender, we are able to offer the broadest range of Reverse Mortgage products offered by many lenders to suit the needs of each individual and providing a better experience for consumers interested in Reverse Mortgage solutions.� Terme Mortgage, Inc. is headquartered at 1255 N. State Parkway #1 South, Chicago, Illinois and can be found on the Internet at http://www.termemortgage.com or can be reached at 866-386-4951. Terme Bancorp, Inc. is headquartered at 5818 S. Archer, Rd. in Summit, Illinois and can be found on the Internet at http://www.termebancorp.com. (a) Estimated as of April 3, 2007