UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  November 29, 2005

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o                                    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o                                    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o                                    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o                                    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01.  OTHER EVENTS

On November 29, 2005, Bimini Mortgage Management, Inc. (the “Company”) issued a press release announcing that Opteum Financial Services, LLC (“Opteum”), the Company’s wholly owned subsidiary, completed a securitization of $986.3 million of fixed and adjustable rate mortgages.  A copy of that release is furnished as Exhibit 99.1 to this report.

ITEM 9.01.            EXHIBITS

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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EXHIBIT INDEX

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Exhibit 99.1

OPTEUM FINANCIAL SERVICES, LLC, A WHOLLY OWNED SUBSIDIARY OF BIMINI MORTGAGE MANAGEMENT, INC., ANNOUNCES $986.3 MILLION SECURITIZATION

VERO BEACH, FL (November 29, 2005) – Bimini Mortgage Management, Inc. (NYSE:BMM) today announced that its wholly owned subsidiary, Opteum Financial Services, LLC, has completed a securitization of $986.3 million of fixed and adjustable-rate mortgages.  The securitization was underwritten by Citigroup and UBS Investment Bank and represents the 11^th for Opteum (five on the current OPMAC shelf and six on the predecessor HMAC shelf –Opteum Financial Services operated previously under the name of Homestar Mortgage Services, LLC).  This transaction continues Opteum’s strategy of originating and securitizing high quality mortgages through each of its three origination channels (retail, wholesale and conduit), which operate in 44 states throughout the U.S. Details of the offering will be available on Bloomberg under OPMAC 2005-5.

Key metrics of the mortgage loan portfolio collateralizing the securitization include:

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Bimini Mortgage Management, Inc., a real estate investment trust, invests primarily in residential mortgage-related securities and originates loans through its taxable REIT subsidiary, Opteum Financial Services.

This news release contains forward-looking statements made pursuant to the “safe harbor” provisions of 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 the statements.  Important factors that could cause such differences are described in the Company’s periodic filings with the Securities and Exchange Commission, including the Company’s Registration Statement on Form S-11.  The Company assumes no obligation to update forward-looking information to reflect subsequent results, changes in assumptions or changes in other factors affecting forward-looking information.

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