Bimini Mortgage Management Inc., a real estate investment trust based in Vero Beach, Fla., has announced a corporate name change to Opteum Inc.The REIT invests in residential mortgage-related securities and originates loans through its taxable REIT subsidiary, Opteum Financial Services. It will begin trading on the New York Stock Exchange on Feb. 10 under the symbol OPX. The company can be found on the Web at http://www.opteum.com.
Homeowners accuse the home equity investment company of breaking the law for suggesting that its home equity investment product isn't a mortgage.
The fee hike, which also raises the cost of assumptions, is part of the House pay-as-you-go rules to support a proposed expansion of veterans benefits.
Mortgage fintechs are attracting investor attention and dollars with agentic AI processes in new origination-focused platforms and assistants.
The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
The S&P Cotality Case-Shiller home price index rose 0.8% year over year in April, while U.S. Federal Housing's index climbed 2%. Both indexes declined monthly.
While the nationwide purchase average declined nearly 3% in 2025, these costs rose in 23 of 50 states and the District of Columbia, a study from LodeStar said.
