OPX Opteum Inc.

Opteum Inc. (NYSE:OPX) (�Opteum� or the �Company�), a real estate investment trust (�REIT�) that operates an integrated mortgage-related securities investment portfolio and mortgage origination platform, today announced that Martin J. Levine, Co-Founder, Executive Vice President and Chief Operations Officer of the Company�s wholly owned subsidiary, Opteum Financial Services, LLC (�OFS�), will be retiring effective March 31, 2007. The Company also today announced the appointment of Robert Filiberto and G. Hunter Haas IV as Co-Chief Operating Officers of OFS effective immediately. Mr. Levine will continue in his role as Executive Vice President pending his retirement and will work closely with Mr. Filiberto and Mr. Haas until then to ensure a seamless transition of his responsibilities. Mr. Levine, who co-founded OFS with Peter R. Norden in 1999, launched First Builders Financial Corporation in 1987 and served as its President until it merged with Olde Town Mortgage in 1989 to form First Town Mortgage Corporation. He then served as Executive Vice President and Chief Operations Officer of First Town until its purchase in 1999 by Chase Manhattan Mortgage Corporation. A Certified Public Accountant, Mr. Levine commenced his career at Touche Ross and Company and later spent time at Coopers and Lybrand, Kenneth Leventhal and Company and Pan American Properties. A New Jersey resident, Levine is a graduate of New York University, having earned a bachelor�s degree in accounting. He is also a member of numerous professional and community organizations. Commenting on Mr. Levine�s retirement, Jeffrey J. Zimmer, Chairman, President and Chief Executive Officer of Opteum, stated, �Marty has been a tremendous resource for OFS since its initial founding. Drawing upon his twenty-plus years of operating experience, Marty has been instrumental in facilitating OFS� transition from a privately held enterprise to a subsidiary of a publicly traded corporation. We are grateful for all of his contributions and, on behalf of all of Opteum�s associates, we wish him a long, healthy and prosperous retirement.� Robert Filiberto, currently Senior Vice President and Chief Servicing and Technology Officer at OFS, joined OFS in August 2000 as Vice President of Loan Administration. In his new role as Co-Chief Operating Officer, Filiberto will report to Peter Norden and will have primary accountability for Servicing, Information Technology and Post-Closing functions. G. Hunter Haas IV, currently Senior Vice President & Head of Mortgage Research at Opteum, will assume the additional role of Co-Chief Operating Officer of OFS and will have primary accountability for OFS� Secondary Marketing and Quality Control functions. About Opteum Opteum Inc. is a REIT, which 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, LLC, 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.