Maryland industry appointments update - 08/08/2006

National Mortgage Professional

Aug 07, 2006

Deutsche Bank to acquire MortgageIT HoldingsMortgagePress.comDeutsche Bank, MortgageIT Holdings Deutsche Bank has announced the signing of a definitive agreement to acquire MortgageIT Holdings Inc. for $14.75 in cash per share of common stock, or an estimated $429 million. The transaction is expected to close in the fourth quarter of 2006, subject to various closing conditions, including MortgageIT Holdings Inc.'s shareholders' approval and customary regulatory approvals. Deutsche Bank is a global investment bank with a corporate office in New York. For more information, call (212) 250-2500 or visit www.db.com. New York-based MortgageIT Holdings Inc. is a self-administered mortgage real estate investment trust focused on the residential lending market. For more information, call (877) 684-4826 or visit www.mortgageitholdings.com.

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Aug 07, 2006

Analysis and Data

Existing-Home Sales Fell Again In July

Median house price was $403,800, up nearly 11% YOY, but down from June.

Sales of existing homes fell nearly 6% in July, the sixth straight-monthly decline, with all four U.S. regions recording fewer sales, the National Association of Realtors said today. Total existing-home sales — completed transactions that include single-family homes, townho...

Analysis and Data

Mortgage Rates Dip Slightly

Home purchase demand expected to drag through the end of the year.

Freddie Mac’s weekly Primary Mortgage Market Survey report released Thursday shows that fixed mortgage rates averaged 5.13%, leading to an expectation that purchase demand will likely continue to drag over the rest of the year and home price growth will decelerate. “Inflat...