JLS News and Press, Nuveen Mortgage Opportunity Term Fund From 04/02/20

As many as 30% of Americans with a home mortgage, or 15M households, could stop paying if the U.S. economy stays closed through the summer or later, estimates Mark Zandi, chief economist for Moody's. More news on: Bank of America Corporation, iShares Mortgage Real Estate Capped ETF, VanE...

30-year fixed-rate mortgage averages 3.33% for the ending April 2, down from 3.50% in the previous week and 4.08% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey. More news on: iShares Mortgage Real Estate Capped ETF, iShares U.S. Home Construction E...

Author's note : This article was released to members on March 24, 2020, and includes a rare reposting of our weekly commentary and actionable ideas. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund se...

Even with the forbearance to homeowners that's included in coronavirus-related legislation, the explicit Ginnie Mae wrap and GSEs' line of credit at the U.S. Treasury will protect the timely payment of principal and interest to mortgage backed securities investors, write JPMorgan MBS analyst...

The Federal Reserve's efforts to shore up the mortgage-backed securities markets are unintentionally hurting mortgage lenders who have hedged against the drops in MBS prices. More news on: Western Asset Mortgage Capital Corporation, AG Mortgage Investment Trust, Inc., Invesco Mortgage Ca...

The New York Fed plans to buy ~$40B of agency MBS per day next week, Bloomberg reports, citing the NY Fed's website. More news on: Western Asset Mortgage Defined Opportunity Fund, Principal Real Estate Inc Fund, TCW Strategic Income Fund, Financial stocks news, News on ETFs Read more .....

After last week's mini-spike, mortgage rates settle after the Fed takes action to stabilize the market. More news on: iShares Mortgage Real Estate Capped ETF, iShares U.S. Home Construction ETF, SPDR Homebuilders ETF, Financial stocks news, News on the U.S. economy, News on ETFs, Read ...

Given the sharp and fast drawdowns we have seen in the CEF market over the last few weeks, the obvious question is what are the options available to income investors that allow them to stay in the market but limit the volatility of their portfolios. Our response to this question has typically ...

Keefe Bruyette & Woods analyst Bose George suggests a mortgage payment moratorium to deal with a potentially massive spike in delinquencies as workers lose jobs and fall behind on mortgage payments as a result of the spread of Covid-19. More news on: UBS ETRACS Monthly Pay 2x Leveraged...

The significant turmoil seen in financial markets over the past couple of weeks has led some investors to use the U.S. mortgage market as a source of liquidity, pushing valuations down to levels that have brought back memories of 2008. The recent dislocation is one of the most rapid and severe...