On MortgageIT

In the public, there is currently a discussion on the lawsuit due to controversial mortgages. We take critical comments in this context seriously. We would therefore like to present our position once again and explain the facts of the matter in more detail. We are looking forward to receiving additional comments.

Deutsche Bank did not acquire MortgageIT until 2007. Previously, the financial service provider that specializes in mortgages operated for nearly a decade under the supervision of the Department of Housing and Urban Development. The majority of the guarantees now under dispute were applied for during this period. For this reason, the lawsuit filed against MortgageIT and Deutsche Bank is without any basis. We will therefore be defending ourselves with all of the legal means available to us.

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Last Update: 25.5.2011
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