Thursday, July 26, 2007

Opteum says unit to sell additional mortgage servicing rights

(Reuters) - The aggregate unpaid principal balance of the loans
underlying the servicing rights sold was about $2.97 billion as
of June 30, the company said in a statement.




Opteum said proceeds from the sale will be mainly used to
repay debt currently secured by OITRS' mortgage servicing
portfolio.



Read more at Reuters.com Mergers News

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