FHLBank System Exec Joins MortgageIT Board

John K. Darr, chief executive officer and managing director of the Federal Home Loan Bank System's Office of Finance, has been named to the board of directors of MortgageIT Holdings Inc., a New York-based real estate investment trust.The appointment brings the board's membership to nine, eight of whom are independent of management, MortgageIT said. Mr. Darr, who will also serve as a member of MortgageIT board's audit committee, has held the FHLBank System post since 1992. He was previously a manager of mortgage finance at a Wall Street investment bank, chief financial officer of major financial institutions on both coasts, and treasurer of the FHLBank of San Francisco. MortgageIT can be found online at http://www.mortgageitholdings.com.