Maryland industry appointments update - 08/08/2006

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

Courts

LoanSnap Officially Loses Connecticut License

The AI mortgage startup formerly faced a cease and desist and a consent order from the State of Connecticut.

LoanSnap, Inc., an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to a new Consent Order executed by the State's Banking Commissioner, Jorge Perez, on Oct. 2. The news follows LoanSnap's violation of a previous order, enacted in...

Analysis and Data

Mortgage Applications Fall After Rate-Jump

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

In the wake of a positive jobs report and subsequent rise in mortgage rates, more prospective borrowers held back this past week. Mortgage applications fell by 5.1% the week ending October 4, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applicati...