Deutsche Bank to Acquire MortgageIT Holdings, Inc.

This acquisition is expected to be earnings accretive in 2007 andwill add significant platform scale and synergies to Deutsche Bank'sexisting US residential mortgage franchise. It is a key element of theBank's build-out of a vertically integrated mortgage origination andsecuritization platform.

MortgageIT Holdings owns MortgageIT, Inc., a residential mortgagelender that employs approximately 2,100 people in 50 branches, and islicensed to originate residential mortgage loans in all 50 states. In2005, MortgageIT grew its loan originations approximately 124% over2004, to $29.2 billion, and is one of the fastest-growing and largestresidential mortgage loan originators in the US.

Upon closing, the operating company, MortgageIT, Inc., will becomea part of Deutsche Bank's Residential Mortgage Backed Securities(RMBS) business, which is based in New York. Deutsche Bank'sacquisition of MortgageIT is the latest in a series of steps taken tosignificantly increase its presence in the US mortgage markets. TheBank has built a correspondent lending business which is on track topurchase approximately $10 billion in residential mortgage loans thisyear. In May, Deutsche Bank entered into a definitive agreement topurchase Chapel Funding LLC, a sub-prime wholesale mortgage originatorwhich is expected to originate approximately $2 billion in mortgagesin 2006.

"As Deutsche Bank continues to grow its RMBS business, we believethe vertical integration of a leading mortgage originator likeMortgageIT will provide significant competitive advantages, such asaccess to a steady source of product for distribution into themortgage capital markets," said Phil Weingord, Head of Global Marketsfor the Americas. "MortgageIT is a significant lender in the primeAlt-A residential mortgage sector. Uniting their business with ourother channels of mortgage loan origination coupled with our trading,structuring and distribution capabilities will further advance ourposition as a leading RMBS player."

"The MortgageIT team has built an outstanding business, and we areextremely pleased to have them join our effort as we continue toexpand our mortgage securitization platform in the US and globally,"said Anshu Jain, Head of Global Markets and Member of the DeutscheBank Group Executive Committee. "We believe there is a tremendousopportunity to provide additional products and services to clients inthe US mortgage market. Together with our new colleagues fromMortgageIT, we look forward to driving the market's evolution."

"Our company has been an outstanding growth story in residentialmortgage lending in recent years. Partnering our industry-leading teamwith the institutional capital markets expertise and backing of aworld-class financial institution like Deutsche Bank is a perfectmarriage", said Doug Naidus, Chairman and Chief Executive Officer ofMortgageIT. "This transaction will enable us to accomplish our mutualgoal of becoming a top player in the US residential lending andsecuritization markets in short order".

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strongand profitable private clients franchise. A leader in Germany andEurope, the bank is continuously growing in North America, Asia andkey emerging markets. With Euro 1,035 billion in assets and 64,103employees, Deutsche Bank offers unparalleled financial services in 73countries throughout the world. The bank competes to be the leadingglobal provider of financial solutions for demanding clients creatingexceptional value for its shareholders and people.

www.db.com

About MortgageIT Holdings, Inc.

MortgageIT Holdings, Inc. (NYSE: MHL) is a self-administeredmortgage real estate investment trust ("REIT") focused on theresidential lending market. The Company self-originates its investmentportfolio of high quality adjustable rate mortgage ("ARM") loansthrough MortgageIT, Inc., its wholly owned residential mortgagebanking subsidiary. MortgageIT, Inc. is a full- service residentialmortgage banking company that is licensed to originate loansthroughout the United States. MortgageIT Holdings is organized andconducts its operations to qualify as a REIT for federal income taxpurposes. MortgageIT is organized and operates as MortgageIT Holdings'taxable REIT subsidiary. For more information, please visithttp://www.mortgageitholdings.com.

This Release contains forward-looking statements. Forward-lookingstatements are statements that are not historical facts; they includestatements about Deutsche Bank's and MortgageIT Holdings' beliefs andexpectations. Any statement in this Release that states DeutscheBank's or MortgageIT Holdings' intentions, beliefs, expectations orpredictions (and the assumptions underlying them) is a forward-lookingstatement. These statements are based on plans, estimates andprojections as they are currently available to the management ofDeutsche Bank or MortgageIT Holdings, as applicable. Forward-lookingstatements therefore speak only as of the date they are made, andneither Deutsche Bank nor MortgageIT Holdings undertakes anyobligation to update publicly any of them in light of new informationor future events.

By their very nature, forward-looking statements involve risks anduncertainties. A number of important factors could therefore causeactual results to differ materially from those contained in anyforward-looking statement. Such factors include: the conditions in thefinancial markets in Germany (in the case of Deutsche Bank), in Europe(in the case of Deutsche Bank), in the United States and elsewherefrom which Deutsche Bank and MortgageIT Holdings derive a substantialportion of their respective revenues; potential defaults of borrowersor trading counterparties; the implementation of their respectivemanagement agendas; the reliability of their respective riskmanagement policies, procedures and methods; and other risksreferenced in their respective filings with SEC. With respect toDeutsche Bank, such factors are described in detail in its SEC Form20-F filed on 23 March 2006, on pages 7 through 13 under the heading"Risk Factors." Copies of this document are readily available uponrequest or can be downloaded from www.deutsche-bank.com/ir. Withrespect to MortgageIT Holdings, Inc., such factors are described indetail in its SEC Form 10-K, filed on March 15, 2006, on pages 11through 29 under the heading "Risk Factors." Copies of this documentare readily available upon request or can be downloaded fromwww.mortageitholdings.com or www.sec.gov.

Notice to MortgageIT Investors

MortgageIT Holdings intends to file a proxy statement inconnection with the proposed merger. MortgageIT Holdings investors andsecurity holders should read the proxy statement and other relevantmaterials when they become available, because they will containimportant information about MortgageIT Holdings and the proposedmerger. In addition to the documents described above, MortgageITHoldings files annual, quarterly and current reports, proxy statementsand other information with the U.S. Securities and Exchange Commission(the "SEC"). The proxy statement and other relevant materials (whenthey become available), and any other documents filed with the SEC byMortgageIT Holdings are available without charge at the SEC's website,at www.sec.gov, or from the MortgageIT Holdings' website atwww.mortgageitholdings.com, under the heading Financial Reports - SECFilings.

MortgageIT Holdings and its directors and executive officers maybe deemed to be participants in the solicitation of proxies fromMortgageIT Holdings stockholders in connection with the proposedmerger. A description of certain interests of the directors andexecutive officers of MortgageIT Holdings is set forth in theMortgageIT Holdings proxy statement for its 2006 annual meeting whichwas filed with the SEC on April 28, 2006. Additional informationregarding the interests of such potential participants will beincluded in the definitive proxy statement and other relevantdocuments to be filed with the SEC in connection with the proposedmerger.