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