MHL Mortgageit Hldgs

MortgageIT Holdings Closes $665.4 Million Loan Securitization Transaction Raises Securitized Assets in Residential Loan Portfolio to $3.0 Billion NEW YORK, April 27 /PRNewswire-FirstCall/ -- MortgageIT Holdings, Inc. (NYSE:MHL), a residential mortgage real estate investment trust (REIT), announced the completion of its second loan securitization of 2005 and fourth overall, a public offering of approximately $665.4 million in aggregate principal amount of notes backed by residential, first-lien adjustable rate mortgage (ARM) and hybrid ARM loans, through MortgageIT Trust 2005-2. Credit Suisse First Boston served as lead underwriter and Merrill Lynch and UBS served as the co-managers of the transaction. Proceeds from the offering will be used to provide long-term financing of mortgage loans originated by MortgageIT Holdings' taxable REIT subsidiary. "With today's transaction, we have successfully securitized more than $3 billion in self-originated residential mortgage loans in less than nine months following our initial public offering," commented Doug Naidus, Chairman and Chief Executive Officer of MortgageIT Holdings. The approximate amount of each class of Notes together with the interest rate and credit ratings for each class granted by S&P and Moody's, respectively, are set forth below: Initial Note Initial Rating Class Interest Rate Principal Balance (S&P/Moody's) 1-A-1 One month LIBOR plus 26 Bps $ 452,780,000 AAA/Aaa 1-A-2 One month LIBOR plus 33 Bps $ 50,314,000 AAA/Aaa 2-A Fixed Rate of 4.75% $ 60,740,000 AAA/Aaa 1-M-1 One month LIBOR plus 44 Bps $ 51,216,000 AAA/NR 1-M-2 One month LIBOR plus 54 Bps $ 26,060,000 AA/NR 2-M-1 Fixed Rate of 4.75% $ 5,715,000 AAA/NR 2-M-2 Fixed Rate of 4.75% $ 2,290,000 AA/NR 1-B-1 One month LIBOR plus 95 Bps $ 14,850,000 A/NR 2-B-1 Fixed Rate of 4.75% $ 1,430,000 A+/NR Total Notes: $ 665,395,000 The trust includes approximately $677.6 million in first lien, adjustable-rate mortgage loans secured by one-to- four family residential real properties and individual condominium units as of April 1st. About MortgageIT Holdings, Inc. MortgageIT Holdings, Inc. (NYSE:MHL) is a self-administered mortgage real estate investment trust (REIT) focused on the residential lending market. The company self-originates its investment portfolio of high quality adjustable rate mortgage (ARM) loans through MortgageIT, Inc., its wholly owned residential mortgage lending subsidiary. MortgageIT, Inc. is a full-service residential mortgage lending company that is licensed to originate loans throughout the United States. MortgageIT Holdings is organized and conducts its operations to qualify as a REIT for federal income tax purposes. MortgageIT is organized and operates as MortgageIT Holdings' taxable REIT subsidiary. For more information, please visit http://www.mortgageitholdings.com/ DATASOURCE: MortgageIT Holdings, Inc. CONTACT: Investors: Sean McGrath, +1-212-651-4637, Media: Ted J. Stacer, +1-212-651-7653, both of MortgageIT Holdings, Inc., or Joe LoBello of Brainerd Communicators, Inc., +1-212-986-6667, for MortgageIT Holdings, Inc. Web site: http://www.mortgageitholdings.com/

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