MHL Mortgageit Hldgs

MortgageIT Holdings, Inc. Files for Offering of Common Stock NEW YORK, June 6 /PRNewswire-FirstCall/ -- MortgageIT Holdings, Inc. (NYSE:MHL), a residential mortgage company organized as a real estate investment trust (REIT), announced today that it has filed a registration statement on Form S-11 with the United States Securities and Exchange Commission in connection with a proposed follow-on primary offering of up to $75 million of shares of the Company's common stock. The offering may also include the sale of up to $35 million in common stock by certain "Selling Stockholders" of MortgageIT Holdings, Inc. The Company expects the Selling Stockholders to principally include institutions that invested in the Company's taxable REIT subsidiary, MortgageIT, Inc. prior to the Company's 2004 Initial Public Offering. Proceeds from the sale of shares in the primary offering 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, and for general corporate purposes. The Company will receive no proceeds from any shares sold by the Selling Stockholders. Merrill Lynch & Co. and Friedman, Billings, Ramsey & Co., are serving as joint bookrunning managers of the offering. When available, a copy of the prospectus related to this offering may be obtained directly from Merrill Lynch & Co., c/o Prospectus Department, 4 World Financial Center, New York, NY 10080 (tel: 212.449.1000) and Friedman, Billings, Ramsey & Co., 1001 19th Street North, Arlington, Va., 22209 (tel: 703.312.9500). A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. 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, +1-646-346-8700, or Media, Ted J. Stacer, +1-212-651-7653, both of MortgageIT Holdings, Inc.; or Joe LoBello of Brainerd Communicators, Inc., +1-212-986-6667 Web site: http://www.mortgageitholdings.com/

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