Disclaimer

The information contained herein has been prepared solely for informational purposes and is not an offer to buy or sell or a
solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. Any offer of securities is and
shall be made pursuant to a definitive prospectus or other appropriate offering document prepared by or on behalf of MortgageIT
Holdings, Inc. (“MortgageIT Holdings”), which would contain material information not contained herein and which does and shall
supersede, amend and/or supplement this information in its entirety. Any decision to invest in MortgageIT Holdings’ securities
should be made after reviewing such definitive prospectus or other offering document, conducting such investigations as the
investor deems necessary and consulting the investor's own legal, accounting and tax advisors in order to make an independent
determination of the suitability and consequences of an investment in the securities.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the
securities described herein or passed upon the adequacy or accuracy of the information contained herein. Any representation to
the contrary is a criminal offense.

Neither MortgageIT Holdings, nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy
or completeness of the information contained herein and nothing contained herein shall be relied upon as a promise or
representation whether as to past or future performance. The information may include estimates and projections that involve
significant elements of subjective judgment and analysis. No representations are made as to the accuracy of such estimates or
projections or that all assumptions relating to such estimates or projections have been considered or stated or that such projections
will be realized. Much of the information contained herein is of a general nature intended to provide a broad overview of MortgageIT
Holdings’ business. MortgageIT Holdings disclaims any and all liability relating to this information, including, without limitation any
express or implied representation or warranty for statements contained in and omissions from this information. MortgageIT
Holdings does not expect to update or otherwise revise the information contained herein.

This presentation may contain forward-looking statements. Any forward-looking statement would be subject to certain risks and
uncertainties that could cause actual results to differ materially from those anticipated. Individuals should not place undue reliance
on forward-looking statements and are advised to conduct their own independent analysis and make their own independent
determination. Neither MortgageIT Holdings nor any of its affiliates undertakes any obligations to revise publicly any forward-
looking statements to reflect subsequent events or circumstances.

Corporate Overview

Corporate Structure

Real Estate Investment Trust (REIT)

Taxable Mortgage Banking Subsidiary (TRS)

Wholesale

Correspondent

Wholesale
Non-Prime

Retail

Today

Mortgage REIT with a nationwide platform that originated more than
$13 billion in 2004 and $20 billion through the first three quarters of
2005

Headquartered in New York City with 2,172 employees in 58
branches across 23 states nationwide

Completed an Initial Public Offering of $175 million on NYSE on July
30, 2004 and trading under the symbol “MHL”

Secondary Offering completed in July with net proceeds of
approximately $150 million

Market capitalization of approximately $368 million (as of
November 17, 2005)

Self-originated 100% of our $5.0 billion high quality adjustable rate
mortgage portfolio through our mortgage subsidiary

Current Results & Guidance

2005 Developments

Paid first full run rate dividend in 1Q:05 of $0.48, paid $1.44 YTD in 2005, and guided to 48 cents in
the 4Q

Issued and sold $75 million in private placements of trust preferred securities

Issued $150 million of equity in secondary offering

Issued $4.0 billion of RMBS in 5 securitizations

3Q:05 Results

Earned adjusted net income of $10.2 million or $0.36 per diluted share

Increased the investment portfolio to approximately $4.7 billion at September 30 ^th

Funded company-record $9.25 billion (198% increase from the year ago period)

Paid dividend of $0.48

4Q:05 Guidance

Expecting to maintain the size of investment portfolio at approximately $5.0 billion

Projected dividend of $0.48

Expects to slow further growth of REIT portfolio until investment environment improves

Mortgage Origination Platform (TRS)

Loan Production Growth

Source: Mortgage Bankers Association and MortgageIT

Industry Quarterly Y/Y Growth (%)

MortgageIT Quarterly Y/Y Growth (%)

National Origination Platform

> $100 mm

$50 mm to $100 mm

$25 mm to $50 mm

< $25 mm

3Q:05 Originations

W (6)

W (3)

R (11)

W (2)

R (2) W

R W

Balanced Footprint Mitigates Risk

Origination Mix

Balanced, Diversified Lending Maximizes Adaptability

Conforming

Government

Jumbo

Home Equity/Seconds

Non-Prime

Alt A

Correspondent

Retail

Wholesale

Non-Prime

Wholesale

Prime

Based on 3Q:05 Origination Mix

MortgageIT REIT Portfolio

High Quality Portfolio

92% owner occupied

Average loan size of $289K

No loans over $1.5 million

Loans originated in 47 states

Averages based on original balances and characteristics of 7 MHL securitizations through November 2005

Our strategy is to build a low credit loss portfolio capable of providing stable earnings
and reliable cash flow available for dividend

WA FICO of 732

WA LTV of 74%

All first lien loans

43% fully documented

Securitization Characteristics

(1) Original balances and characteristics

WA Sec.

Portfolio

2005-5

2005-4

2005-3

2005-2

2005-1

2004-2

2004-1

Aggregate Size ($MM)

5,489

905

721

722

678

1,017

635

811

Avg. Loan Balance ($M)

289

290

270

271

296

303

299

290

WA Coupon (%)

5.49

5.87

5.72

5.80

5.40

5.16

5.10

5.36

WA FICO

732

732

734

732

733

731

LTV (%)

74.1

75.0

75.3

74.8

72.8

72.7

74.5

CLTV (%)

82.7

85.2

85.8

83.4

79.1

79.4

82.3

84.4

% IO

82.1

87.0

88.7

85.7

78.1

76.2

79.2

% Cashout

27.2

24.5

25.7

28.0

33.1

29.6

25.4

24.5

% Investor

8.4

6.9

8.9

10.8

9.7

7.9

8.7

7.1

% Full Doc

43.2

28.7

32.0

38.6

48.1

58.1

51.7

44.3

% California

57.1

49.5

46.9

44.9

57.5

62.7

65.9

71.1

MHL Securitizations⁽¹⁾

State of the Industry

Gross Spreads on Portfolio Loans

Gross Spread between Hybrid ARM WAC and One Month LIBOR

Portfolio CPR Speeds

Actual vs Initial Pricing Prepayment Speed - MHL First Securitization - WAC of
Security 5.36%

Sub-Prime Whole Loan Bids

Industry Origination Volume (MBA estimate for 2005)

Origination Volumes Have Defied Predictions of Downturn

Strategic Positioning of MortgageIT

MortgageIT’s Advantage in Current Environment

Questions