FMF Capital Group Ltd. Announces Approval of Class-Action Lawsuits

    TORONTO, April 13 /CNW/ - FMF Capital Group Ltd. (TSX:FMF.UN), announced
today that the courts have approved the pending settlement agreements relating
to the class-action lawsuits filed against the Company in Ontario and Quebec.
In accordance with the settlement agreement, the class-action litigation filed
in Michigan has been dismissed. The Company has the right to terminate the
settlement if a certain percentage of unitholders opt-out of the settlement
    FMF Capital Group was a residential mortgage lending company that
originated and funded primarily nonconforming or "nonprime" mortgage loans in
the United States and sold those mortgage loans to institutional loan
purchasers. During the fiscal year ended March 31, 2006, FMF Capital Group
originated its mortgage loans through a network of more than 4,400 independent
mortgage brokers, in 39 of the 50 United States and in the District of

    When used in this news release, the words "anticipate", "expect",
"project", "believe", "estimate", "forecast" and similar expressions are
intended to identify forward-looking statements, which include statements
relating to pending and proposed strategies or business and economic
conditions. Such statements are subject to certain risks, uncertainties and
assumptions pertaining to operating performance, regulatory parameters,
weather and economic conditions and, in the case of mortgage originations and
sales, regulatory processes and requirements, ongoing financing and
performance of other parties, including partners, institutional loan
purchasers and suppliers. Actual results could differ materially from those
described in the forward-looking statements. The company does not assume
responsibility for the accuracy and completeness of these forward-looking
statements and does not undertake the obligation to publicly revise these
forward-looking statements to reflect subsequent events or circumstances. This
press release should be read in conjunction with FMF Capital's financial
statements, notes to the financial statements and management's discussion and
analysis which are available at

    %SEDAR: 00021796E

For further information:

For further information: Investor Relations, (248) 799-4000,

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