Maryland industry appointments update - 08/08/2006

National Mortgage Professional

Aug 08, 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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