Info

Opteum Inc. (NYSE:OPX) is a real estate investment trust (REIT), which operates an integrated mortgage-related investment portfolio and a mortgage origination platform. The REIT invests primarily in, but is not limited to, residential mortgage-related securities issued by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae). It earns returns on the spread between the yield on its assets and its costs, including the interest expense on the funds it borrows. Opteum Inc. is headquartered in Vero Beach, Fla.