MHL Mortgageit Hldgs

MortgageIT Holdings, Inc. Prices Common Stock Offering NEW YORK, June 30 /PRNewswire-FirstCall/ -- MortgageIT Holdings, Inc. (NYSE:MHL), a residential mortgage company organized as a real estate investment trust (REIT), announced that the previously announced public offering of shares of the Company's common stock has priced at $18.25 per share. The offering of 9,484,306 shares includes the sale of 7,289,428 shares by the Company and 2,194,878 shares by certain selling stockholders. The estimated net proceeds to the Company from the sale of its shares are approximately $125.4 million. The Company will not receive any proceeds from the sale of shares by the selling stockholders. Proceeds from the sale of shares by the Company will be used to purchase and retain in the Company's investment portfolio single-family ARM and hybrid ARM loans that have been originated by MortgageIT, Inc., its taxable REIT subsidiary, and for general corporate purposes. Merrill Lynch & Co. and Friedman, Billings, Ramsey & Co., Inc. are serving as joint bookrunning managers of the offering. Flagstone Securities, LLC, JMP Securities LLC, Ryan Beck & Co., and Utendahl Capital Partners, L.P. are co- managers for the offering. A copy of the prospectus related to this offering may be obtained directly from Merrill Lynch & Co., Prospectus Department, 4 World Financial Center, New York, NY 10080 (tel: 212.449.1000) and Friedman, Billings, Ramsey & Co., Inc., 1001 19th Street North, Arlington, VA 22209 (tel: 703.312.9500). This communication is not an offer to sell or the solicitation of an offer to buy and such offers are made only in jurisdictions where permitted pursuant to the prospectus. 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 of MortgageIT Holdings, Inc., +1-646-346-8700; or Media - Ted J. Stacer of MortgageIT Holdings, Inc., +1-212-651-7653, or Joe LoBello of Brainerd Communicators, Inc., +1-212-986-6667 Web site: http://www.mortgageitholdings.com/

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