JLS News and Press, Nuveen Mortgage Opportunity Term Fund From 05/21/20

The 30-year fixed-rate mortgage rate averages 3.24% for the week ending May 21, down from 3.28% in the previous week and 4.06% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey. More news on: iShares U.S. Home Construction ETF, Toll Brothers, Inc., TRI ...

Author's note : This article was released to CEF/ETF Income Laboratory members on April 26, 2020. Please check the latest data before investing. Chemist's "Quality" Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plu...

The daily number of new forbearance requests started to taper off after April 15, according to Black Knight's Mortgage Monitor report, but the firm is watching for a potential second wave of forbearance requests in May. More news on: iShares Mortgage Real Estate Capped ETF, VanEck Vector...

With 3.84M more people filing for unemployment this week, bringing the tally up to 30.2M in the last six weeks, and mortgage rates at an all-time low, mortgage-related stocks are taking a beating again. More news on: New Residential Investment Corp., Ocwen Financial Corporation, Mr. Co...

Closed-End Funds ("CEFs") took a beating as most thought they would see this market sell off. We were surprised just how much of a beating NAVs on the bond side took and we believe there's opportunity there. Illiquidity and forced selling already have eased in the highest quality segments ...

Goldman Sachs Group's ( GS +0.2% ) move to snap up mortgage bonds amid panic selling almost certainly made money after the Fed introduced a stimulus to stabilize the market, Bloomberg reports. More news on: The Goldman Sachs Group, Inc., Western Asset Mortgage Defined Opportunity Fund,...

Author's note : This article was released to CEF/ETF Income Laboratory members on March 30, 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...

(Please note that this report was issued on March 28th to members of Yield Hunting.) I just want to reiterate to members that I am not buying (other than a few individual muni bonds and preferred stocks), and I do not necessarily advocate buying at this point unless you can look long ter...

The following Nuveen closed-end funds (each, a “Fund” and collectively, the “Funds”) announced today that each Fund’s 2020 Annual Meeting of Shareholders (the “Meeting”) has been postponed and that the meeting will be held as a virtual meeting:...

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...