Items Tagged with 'Merrill Ross'

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  • Opteum Faces 'Going Concern' Allegations

    After a research report issued today by Friedman, Billings, and Ramsey Group, Inc. analyst Merrill Ross questioned whether Opteum Inc. (NYSE:OPX) faces issues as a going concern, the Florida-based REIT has gone on the offensive to counter allegations regarding the company's future. The FBR report highlights a growing concern over the Alt-A credit sector as problems in the subprime credit industry appear on many accounts to be spreading into Alt-A lending. Housing Wire had originally reported on the problems at Opteum on February 15, noting at the time that the company's $33.9 million fourth quarter loss during 2006 might be indicative of emerging problems in the Alt-A credit sector.
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