Opteum Sub Selling Servicing Portfolio

Opteum Inc., Vero Beach, Fla., has announced an agreement by its subsidiary, Opteum Financial Services LLC, to sell a majority of its private-label and agency mortgage servicing portfolio.The terms of the sale were not disclosed. The performing loans in the portfolio had an aggregate unpaid principal balance of approximately $5.67 billion as of March 31, Opteum said. The proceeds of the sale will be used to repay debt secured by the portfolio. The company can be found on the Web at http://www.opteum.com.