MortgageIT Holdings, Inc. to Present at Friedman Billings Ramsey 11th Annual Investor Conference
30 November 2004 - 8:31AM
PR Newswire (US)
MortgageIT Holdings, Inc. to Present at Friedman Billings Ramsey
11th Annual Investor Conference Increases Q4 Funding Volume
Guidance to $3.5 - $4.0 Billion NEW YORK, Nov. 29
/PRNewswire-FirstCall/ -- MortgageIT Holdings, Inc. (NYSE:MHL), a
residential mortgage company organized as a real estate investment
trust (REIT), today announced that Doug Naidus, Chairman and Chief
Executive Officer, will present at the Friedman Billings Ramsey
11th Annual Investor Conference, being held November 30, 2004
through December 1, 2004, at the Grand Hyatt Hotel in New York
City. Mr. Naidus is scheduled to present on Tuesday, November 30th
from 5:00 p.m. to 5:30 p.m. ET. The presentation will discuss the
Company's performance since its IPO in July, the overall lending
environment and growth of the Company's mortgage lending
subsidiary. In addition, the Company today increased its guidance
for current quarter fundings from a range of $3.1 - $3.5 billion to
$3.5 - $4.0 billion. The live webcast and accompanying slide
presentation will be available on MortgageIT Holdings' corporate
Web site at http://www.mortgageitholdings.com/. An archived digital
replay will be available for 90 days following the presentation.
About MortgageIT Holdings, Inc. MortgageIT Holdings, Inc.
(NYSE:MHL) was formed to act as the holding company of MortgageIT,
Inc. (MortgageIT), its wholly owned residential mortgage lending
subsidiary. MortgageIT is a full-service residential mortgage
banking company that is licensed to originate loans throughout the
United States. MortgageIT originates single-family residential
mortgage loans of all types, with particular focus on prime
adjustable-rate (ARM) and fixed- rate, first-lien residential
mortgage loans. MortgageIT Holdings is organized and conducts its
operations to qualify as a real estate investment trust (REIT) for
federal income tax purposes. MortgageIT is organized and operates
as MortgageIT Holdings' taxable REIT subsidiary. Certain items in
this press release may constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements relating to our ability to fund a
fully-leveraged, self-originated loan portfolio, our anticipated
loan funding volume and our ability to pay dividends. These
statements are based on management's current expectations and
beliefs and are subject to a number of trends and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. MortgageIT Holdings
can give no assurance that its expectations will be attained.
Factors that could cause actual results to differ materially from
MortgageIT Holdings' expectations include, but are not limited to,
MortgageIT's continued ability to originate new loans, including
loans that we deem suitable for our securitization portfolio;
changes in the capital markets, including changes in interest rates
and/or credit spreads; and other risks detailed in MortgageIT
Holdings' Registration Statement on Form S-11 that was declared
effective by the Securities and Exchange Commission (SEC) on July
29, 2004 and from time to time in MortgageIT Holdings' SEC Reports.
Such forward-looking statements speak only as of the date of this
press release. MortgageIT Holdings expressly disclaims any
obligation to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with regard thereto or change in
events, conditions or circumstances on which any statement is
based. DATASOURCE: MortgageIT Holdings, Inc. CONTACT: Investors,
Sean McGrath of MortgageIT Holdings, Inc., +1-646-346-8700; or
Media, Joe Lobello of Brainerd Communicators, Inc.,
+1-212-986-6667, for MortgageIT Holdings, Inc. Web site:
http://www.mortgageitholdings.com/
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