OPX Opteum Inc.

Opteum Inc. (NYSE:OPX) wishes to make several observations in response to a research report released this morning by Friedman Billings Ramsey and Company, Inc. 1. The report questions whether the Company will continue to be able to secure covenant waivers on its warehouse lines of credit. As the Company stated in its Form 10-K filed March 14, 2007 with the Securities and Exchange Commission, the Company has secured all waivers needed to date. 2. The Company has incurred a total of just $8 million of margin calls on its warehouse lines in 2007. 3. The Company has produced approximately $44 million of sub prime mortgages in 2007 which represents approximately 4.8% of 2007 year to date loan production of approximately $916 million. Forty-four percent of the $44 million (approximately $19 million) subprime mortgages were underwritten by a third party buyer and sold directly to that buyer. The Company no longer underwrites sub prime mortgages. The Company believes that it is adequately reserved for early payment defaults related to sub prime mortgages as well as all other mortgages. 4. The research report questions whether Opteum Inc. (NYSE: �OPX�) is a going concern. The Company completed its 2006 audit last week and the Company received a clean audit opinion and is a going concern. The Company continues to believe it has very adequate liquidity. The Company currently owns approximately $3 billion in agency mortgage related assets, the value of which has increased during 2007 as rates have declined. These agency assets are guaranteed by an agency of the Unites States Government. 5. The Company continues to believe that the carrying value of the servicing rights on its balance sheet correctly reflects the value of the servicing rights. The changes in the value of the servicing rights have been related to changes in prepayment speed assumptions. The changes in prepayment assumptions also apply to our retained interests in securitizations. Losses continue to run, in the aggregate, in line with expectations. About Opteum Opteum Inc. is a real estate investment trust (REIT) that operates an integrated mortgage-related investment portfolio and 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 attempts to earn returns on the spread between the yield on its assets and its costs, including the interest expense on the funds it borrows. Opteum�s mortgage origination platform, Opteum Financial Services, originates, buys, sells, and services residential mortgages from offices throughout the United States and operates as a taxable REIT subsidiary. Statements herein relating to matters that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The reader is cautioned that such forward-looking statements are based on information available at the time and on management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in such forward-looking statements. Important factors that could cause such differences are described in Opteum Inc.'s filings with the Securities and Exchange Commission, including Opteum Inc.'s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Opteum Inc. assumes no obligation to update forward-looking statements to reflect subsequent results, changes in assumptions or changes in other factors affecting forward-looking statements.