Credex partners with LoanAce

Jan 10, 2007

Deutsche Bank acquires MortgageIT HoldingsMortgagePress.comDeutsche Bank MortgageIT acquisition Deutsche Bank has completed the acquisition of real estate investment trust MortgageIT Holdings Inc. for $14.75 in cash per share of common stock, or approximately $430 million. MortgageIT will become a part of Deutsche Bank's Residential Mortgage Backed Securities Group, and Doug Naidus, CEO of MortgageIT, will become a managing director and head of mortgage origination within the group. 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.

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Jan 10, 2007

Analysis and Data

Employment Rebounds In November, Uncertainty Lingers

Uptick in unemployment could boost odds of Fed rate cut

The unemployment rate edged up from 4.1% in October to 4.2% in November, while total nonfarm payroll employment added 227,000 jobs, beating consensus estimates. The number of unemployed people was little changed from November, at 7.1 million. A year earlier the jobless ra...

People On The Move

Connie Lindsay Joins Rate As SVP In Washington

Lindsay brings her mortgage banking experience to Rate

Rate, the second-largest retail mortgage lender in the U.S., announced the appointment of Connie Lindsay as senior vice president of mortgage lending in Washington state. Lindsay will contribute years of experience in mortgage banking, most recently at US Bank, and a commitm...

Feb

Texas Mortgage Roundup — Austin

Austin, TX