New Britain, CT – December 13, 2007 – The McCue Mortgage Company announced today that it has been selected by the Connecticut Housing Finance Authority (CHFA) to originate, underwrite and service the Connecticut Fair Alternative Mortgage Lending Initiative & Education Services (CT FAMLIES) Program.

The CT Famlies Home Loan is a mortgage program to help first-time homeowners struggling with higher mortgage payments due to increased rates on their adjustable rate sub-prime mortgages. Under the “CT Famlies” program, homeowners with sub-prime mortgages who currently reside in their home may refinance into a 30-year fixed rate CHFA loan, providing them with a stable, affordable mortgage payment. The interest rate will be .25% above CHFA’s regular rate.

According to a report by a Sub-Prime Task Force convened by Governor M. Jodi Rell, it is estimated that there are approximately 21,000 sub-prime adjustable rate mortgages in the state that are scheduled to adjust to much higher rates between October 2007 and December 2009. In response, the Governor has approved $50 million in funding for the CT Famlies Home Loan program and has charged CHFA with overseeing the program. In addition, the Governor has allocated $1 million to provide financial counseling to these homeowners.

“At McCue Mortgage, we are all about helping people become successful homeowners. It is our hope that through the CT Famlies program we can help some families from losing their homes,” said William J. McCue, president of the McCue Mortgage Company. Homeowners who may be eligible for the program can call McCue Mortgage at 800-382-0017 to find out more.

About the McCue Mortgage Company

The McCue Mortgage Company, with headquarters in New Britain, CT, is a leading provider of mortgage lending services in Connecticut. Founded in 1949, McCue Mortgage has a long history of helping Connecticut home buyers at every level of the financing spectrum, from first time homebuyer to those refinancing their mortgages. The Company caters to the needs of all borrowers, providing conventional, adjustable rate, FHA, VA, CHFA, jumbo and construction loans. McCue Mortgage closes over $500 million in loans annually, making it one of the leading mortgage lenders in Connecticut. For more information on McCue Mortgage please visit www.mccuemortgage.com or call 800-382-0017.