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Opteum Inc.

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Opteum Subsidiary to Sell Remaining Servicing Portfolio HW+

Jul 27, 2007By

Opteum Inc., whose mortgage banking troubles had served as a harbinger of larger trouble in the Alt-A lending market, said this morning that its subsidiary Orchid Island TRS, LLC has sold off “substantially all” of its remaining mortgage loan servicing portfolio — the last remaining piece of Opteum’s former mortgage operations.

3d rendering of a row of luxury townhouses along a street

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