EDISON, N.J., April 4 /PRNewswire-FirstCall/ -- HanoverTrade, Inc., a wholly owned subsidiary of Hanover Capital Mortgage Holdings, Inc. , announced that the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has implemented HanoverTrade's technology that will provide more precise valuations of loan portfolios pledged by borrowing member banks.

HanoverTrade's technology provides FHLBank Atlanta with the ability to accept data from borrowing member banks in several formats that are mapped automatically to the Bank's format instead of requiring member banks to submit the data in a single standard format. Real-time edit scripts that run on the loan data provide the Bank with instant feedback of data completeness and logical integrity. The data is then automatically pooled and valued utilizing HanoverTrade's Hanover/Busch Analytics 7.1 portfolio valuation model. Ad hoc reporting capability is available to all users in real time. Regular reports showing overall portfolio value, as well as the value of loans pledged by each member, can be designed and changed by FHLBank Atlanta as required.

"HanoverTrade's technology provides us with improved valuation accuracy that results in better execution for our members. It also allows for quicker turnaround, more flexibility, and labor savings," said Charles I. Abbitt, FHLBank Atlanta's Chief Credit Officer.

Roberta Graffeo, Managing Director of HanoverTrade, added, "This installation of our Asset Manager, Asset OnSite(R), and Hanover/Busch Analytics 7.1 technologies was performed in less than four months. I am proud of our staff and our technology partners at Intraprise Solutions, Inc for their strong execution. It has been a pleasure to work with a great client like the Federal Home Loan Bank of Atlanta."

HanoverTrade, Inc. provides a variety of Web-enabled technology solutions to the mortgage industry, including stratification and reporting, correspondent lending, loan boarding and cash flow valuation solutions. In addition, HanoverTrade provides a Worldwide Web-based exchange for trading mortgage loans, mortgage servicing rights and related assets, and an Internet trading facility supported by experienced valuation, operations and trading professionals.

Hanover Capital Mortgage Holdings, Inc. is a mortgage REIT with offices throughout the country staffed by seasoned mortgage capital markets professionals. Hanover invests in mortgage-backed securities and, to a lesser extent, mortgage loans and engages in non-interest income-generating activities through its subsidiaries, HanoverTrade, Inc. and Hanover Capital Partners Ltd. HanoverTrade provides loan sale advisory and traditional loan brokerage services, technology solutions and valuation services. HanoverTrade also brokers loan pools, mortgage servicing rights and other similar assets through an Internet-based exchange. Hanover Capital Partners provides consulting and outsourcing services for third parties, including loan sale advisory services, loan file due diligence reviews, staffing solutions and mortgage assignment and collateral rectification services. For further information, visit Hanover's Web site at http://www.hanovercapitalholdings.com/ .

Certain statements in this press release may constitute "forward-looking" statements as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Hanover is including this cautionary statement to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical fact are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements, to differ materially from future results, performance or achievements. The forward-looking statements are based on Hanover's current belief, intentions and expectations. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, those factors, risks and uncertainties that are described in Item 1 of Hanover's Annual Report on Form 10-K for the year ended December 31, 2004 and in other securities filings by Hanover. Hanover's future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The forward-looking statements contained in this press release are made only as of the date hereof and Hanover undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, subsequent events or circumstances or otherwise, unless otherwise required by law.

  For further information, contact:
  Hanover Capital Mortgage Holdings, Inc.
  John A. Burchett, CEO or J. Holly Loux, CFO
  732/548-0101

CONTACT: John A. Burchett, CEO, or J. Holly Loux, CFO, both of Hanover Capital Mortgage Holdings, Inc., +1-732-548-0101

Web site: http://www.hanovercapitalholdings.com/

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