MortgageIT — Investor Presentation (March 2006)
16 slides from MortgageIT's investor presentation, Mar 21, 2006
Slide 1: MortgageIT Holdings, Inc.
Mortgageil HOLDINGS, INC.
Slide 2: Disclaimer
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
Slide 3: Corporate Overview
Corporate Overview
Slide 4: Corporate Structure
Corporate Structure Real Estate Investment Trust (REIT) Taxable Mortgage Banking Subsidiary (TRS) Wholesale Correspondent Retail
Slide 5: Today
Today Mortgage REIT with a nationwide platform that originated more than $29 billion in Headquartered in New York City with approximately 2,300 employees in 54 branches across 23 states nationwide as of December 31, 2005 Completed an Initial Public Offering of $175 million on NYSE on July 30, 2004 a
Slide 6: Current Results & Guidance
Current Results & Guidance Developments Announced that the Company will have substantially exited from the wholesale sub-prime business by the end of the first quarter 2006 Issued $750 million of RMBS in 1 securitization YTD Declared a first quarter 2006 dividend of $0.25 per share 4Q:05 Results Ear
Slide 7: Mortgage Origination Platform (TRS)
Mortgage Origination Platform (TRS)
Slide 8: FY 2005 Originations: Balanced Footprint Mitigates Risk
FY 2005 Originations W (6) W (3) W (3) W W W W W W W W R (11) W W (2) R W R CL W W Balanced Footprint Mitigates Risk W W National Origination Platform > $500 mm $200 mm to $500 mm $50 mm to $200 mm < $50 mm R (2) W
Slide 9: Balanced, Diversified Lending Maximizes Adaptability
Balanced, Diversified Lending Maximizes Adaptability Origination Mix Conforming Government Jumbo Home Equity/Seconds Non-Prime Alt A Correspondent Retail Wholesale Non-Prime Wholesale Prime Based on FY 2005 Origination Mix
Slide 10: Exit from the Wholesale Sub-prime Business
Exit from the Wholesale Sub-prime Business $14 million February, 28 2006 $159 million December 31, 2005 $340 million September 30, 2005 Volume Employees of Branches Date Impact of Exiting Wholesale Sub-prime Business 4Q 2005 - $0.15 per share 1Q 2006 - Estimated $0.25 to $0.30 per share
Slide 11: Production Growth Story
Production Growth Story National Mortgage News Fourth Quarter 2005 Mortgage Rankings Ranked 21 st for 4 th quarter 2005 funding volume Largest percentage increase in 4 th quarter funding volume within the top 30 Market share increased to 1.04%
Slide 12: MortgageIT REIT Portfolio
MortgageIT REIT Portfolio
Slide 13: High Quality 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 providi
Slide 14: Gross Spreads on Portfolio Loans
Gross Spreads on Portfolio Loans Gross Spread between Hybrid ARM WAC and One Month LIBOR
Slide 15: Portfolio CPR Speeds
Portfolio CPR Speeds Actual vs Initial Pricing Prepayment Speed - MHL Combined Portfolio
Slide 16: Questions
Questions
MortgageIT Holdings — Investor Presentation (March 2006) on 6ix