Founded in 1999, MortgageIT Holdings, Inc. operated as a residential mortgage banking company and a self-advised REIT in the United States. The company was primarily engaged in the business of originating, acquiring, and servicing residential mortgage loans. It offered a wide range of mortgage products, including a significant volume of subprime and Alt-A loans, which it either sold to investors or held in its portfolio. MortgageIT went public in 2004 and grew rapidly during the housing boom. In January 2007, just prior to the subprime mortgage crisis, it was acquired by Deutsche Bank for approximately $429 million and its operations were integrated into the bank's mortgage business. The lending practices and loan quality of MortgageIT later became central to major legal actions and settlements against Deutsche Bank.

Founded in

United States