JLS News and Press, Nuveen Mortgage Opportunity Term Fund From 05/30/19

As Freddie Mac ( OTCQB:FMCC +0.4% ) and Fannie Mae ( OTCQB:FNMA -0.3% ) prepare to launch a new combined security that ends the distinction between bonds issued by the two government-sponsored enterprises, an argument brews over whether the move to unify a $4.4T pile of agency MBS curr...

The Board of Trustees of Nuveen Mortgage Opportunity Term Fund (NYSE: JLS) and Nuveen Mortgage Opportunity Term Fund 2 (NYSE: JMT) have approved a series of proposals that will allow shareholders the opportunity to maintain their exposure to securitized credit. In light of the upcoming sched...

Continuing a trend of declining since late last year, the  30-year fixed-rate mortgage averaged 4.06% for the week ending May 23, 2019, down from 4.07% in the prior week and 4.66% at this time a year ago, according to Freddie Mac's Primary Mortgage Market Survey. More news on: UBS ET...

The 30-year fixed-rate mortgage averages 4.10% for the week ending May 9, 2019, down 4 basis points from 4.14% in the prior week and vs. 4.55% a year ago, according to the Freddie Mac Primary Mortgage Market survey. More news on: UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN, iSh...

Just one year ago the dollar/ euro was 1.2233. We have had a massive move during the last twelve months. We closed last night at 1.1157 which is an 8.8% strengthening of the dollar. When the dollar hit 1.1400 in mid-March, I said that the dollar had further to run and projected a move to u...

30-year fixed-rate mortgage averaged 4.20% for the week ending April 25, 2019 vs. 4.17% in the prior week and 4.58% a year ago, according to Freddie Mac's Primary Mortgage Market Survey. More news on: iShares U.S. Home Construction ETF, UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ...

You read the headlines, "The Markets are going to Hell," and "The Markets will be down 30% by Year-End" and "We are entering a Recession" and all of the rest of the dribble that comes floating along in the Press. Every time I see this stuff my eyes bob up and down and I stare at the ceiling. N...

30-year fixed-rate mortgage averages 4.17% for the week ending April 18, 2019, up from 4.12% in the prior week, and 4.47% a year ago, according to Freddie Mac's Primary Mortgage Market Survey. More news on: UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN, iShares Mortgage Real Est...

The 30-year fixed-mortgage averages 4.12% for the week ending April 11, 2019, up 4 basis points from 4.08% in the prior week, but still lower than 4.42 a year ago, according to Freddie Mac's Primary Mortgage Survey. More news on: UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN, iSh...

Commercial mortgage-backed securities that were issued soon after the 2008 financial crisis may see big losses if troubled mall loans aren't refinanced before they mature in 2020, according to Fitch Ratings. More news on: Western Asset Mortgage Defined Opportunity Fund, TCW Strategic Inc...