MFO News and Press, MFA Financial Inc. 8.00% Senior Notes due 2042 From 11/05/20

MFA Financial, Inc (MFA) Q3 2020 Results Conference Call November 05, 2020 10:00 AM ET Company Participants Harold Schwartz - Senior Vice President of General Counsel and Secretary Craig Knutson - President and Chief Executive Officer Stephen Yarad - Chief Financial Officer Bryan Wulfsohn - C...

PMT and NRZ are both in our bullish range and in our portfolio. These REITs don’t just service mortgages, they also originate mortgages. As you may have heard, mortgage origination is a great business today. Discounts to book value (or NAV) are the start of your mortgage RE...

We just purchased shares in one of the worst performing mortgage REITs, and we’re excited to share that news. The discount to book value is staggering and is particularly rare among the residential mortgage REITs. Discounts to book value (or NAV) are the start of your mortg...

U.S. equity markets plunged by the most since March this week as a strong slate of economic data and corporate earnings was overwhelmed by pre-election jitters and amplified coronavirus concerns. A cascading wave of lockdowns across Europe rattled global equity markets while narrowing...

Risk is still high, but we’ve got quality mortgage REITs at substantial discount to book value. We don’t advocate going “all in,” but investors should be building positions. NLY, PMT and NYMT each demonstrate a substantial discount to book value. Each has o...

MFA faced a very tough 1Q environment and the experienced management team managed through the situation extremely well. MFA Financial sells at about 40% below its reported book value. Book value was scrubbed following the 1Q Mortgage REIT debacle and is thus a fair representation of a...

Q3 2020 is producing some strong results on mortgage REIT earnings. Core EPS, Net Interest Spread, and Net Interest Margins expanded significantly. When the latest wave of COVID-19 cases calms down, investors should be getting excited about earnings. Discounts to book value (or NA...

Readers love our series on the different types of REITs. We’re bringing a similar layout to preferred shares. There are several options among the mortgage REIT preferred shares we cover. By covering the sector, we’ve got a more detailed view on the individual shares. ...

I am projecting AGNC will report a modest (at or greater than 5% but less than 10%) BV increase for the third quarter of 2020. This projection is mainly due to the minor-modest net price increases in most fixed-rate agency MBS coupons and a minor-modest net valuation gain within AGNC'...

We’re highlighting Western Asset Mortgage Capital Corp., a very rare entry in our columns. We’re highlighting it because shares are in the neutral range. Shares are getting much closer to the target buy range, and are now quite far from our prior Sell ratings. Discou...