JLS News and Press, Nuveen Mortgage Opportunity Term Fund From 06/26/20

Overall, the number of homeowners in active forbearance rose this week after three straight weeks of declines, according to Black Knight's McDash Flash Forbearance Tracker. More news on: New Residential Investment Corp., Mr. Cooper Group Inc., PennyMac Financial Services, Inc., Financial...

30-year fixed-rate mortgage averages 3.13% for the week ending June 25, 2020, unchanged from the previous week, and down from 3.73% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey. More news on: KB Home, Toll Brothers, Inc., PulteGroup, Inc., Financi...

(This report was issued to members of Yield Hunting on Sunday, June 14, 2020. We issue similar commentary every Sunday night) Macro Picture Volatility returned this week in a big way with the Dow recording one of its largest point declines ever. The renewed fears of a second wave of coro...

One of the U.S.'s largest shopping malls missed another payment on a $1.4B on mortgage and puts the borrower more than 60 days past due, Bloomberg reports, citing people with knowledge of the matter. More news on: Western Asset Mortgage Defined Opportunity Fund, Principal Real Estate Inc F...

Commercial Mortgage-Backed Securities backed by hotel and mall properties get hit the hardest. Mall-REIT CBL failed to make bond interest payment Tuesday. The delinquency rate for commercial mortgage-backed securities ((CMBS)) spiked from 2.29% in April to 7.15% in May by loan balance, ac...

YTD, the Bloomberg Barclays U.S. MBS Index excess return vs. Treasurys was -0.31% as of Friday, the worst showing over a similar period in seven years, also when the Fed was buying mortgage securities. More news on: Western Asset Mortgage Defined Opportunity Fund, Principal Real Estate I...

Markets have settled and recovered from the initial shock of the coronavirus spread and the response of governments around the US and the world to lock down the economy. But while the major US indices have approached, if not quite matched, the fabled v-shaped recovery, there are still plenty o...

With the market moving past the 3-month anniversary of its pre-drawdown top and the 2-month anniversary of the trough, we thought it would be timely to zoom out a bit and take a big picture view of where we have been and where we are now in the CEF market. In aggregate, the market has retrac...

The largest largest shopping mall in America missed paying its mortgage payments in April and May, the Financial Times reports, citing documents from Wells Fargo. More news on: Principal Real Estate Inc Fund, Nuveen Mortgage and Income Fund, iShares Trust - iShares CMBS ETF, Financial ...

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 ...