NRZ News and Press, New Residential Investment Corp. From 04/23/20

(This report was issued to members of Yield Hunting on April 15. All data herein is from that date or earlier.) Closed-end funds have been hammered. Most entered this crisis at to significantly above average in terms of valuation. When we talk about valuation, we are referring to the price...

The federal agency that oversees Fannie Mae ( OTCQB:FNMA -5.0% ) and Freddie Mac ( OTCQB:FMCC -4.8% ) limits mortgage servicers' advance obligations for loans in forbearance to four months. More news on: Federal National Mortgage Association, Freddie Mac, New Residential Investment C...

The end of the world as we know it? Not for investors. Image source . There’s this view of the present landscape from longtime Seeking Alpha contributor Regarded Solutions: I would take a wild guess and say that the best traders on the planet are loving this volatility and ...

This research report was produced by The REIT Forum with assistance from Big Dog Investments . One of the most important steps in evaluating mortgage REITs is finding the price to book value ratios. Using the mortgage REITs' book value gives us an idea for the general range wher...

Real Estate Weekly Outlook A Grand Reopening? Following the best week for the large-cap indexes in decades, U.S. equity markets finished higher for the second-straight week after another dismal slate of economic data underscored the dire urgency of restarting the now-dormant U.S. economy. ...

Author's Note: PART 2 of this article is a continuation from PART 1 which was discussed in a previous publication. Please see PART 1 of this article for a detailed projection of AGNC Investment Corp.'s ( AGNC ) income statement (technically speaking, the company's "consolidated statement of...

More than 2.9M homeowners , representing ~5.5% of all mortgages, are in COVID-19 related forbearance plans, estimates Black Knight ( BKI +0.6% ). More news on: Black Knight, Inc., New Residential Investment Corp., Mr. Cooper Group Inc., News on the U.S. economy, Financial stocks news, ...

mREITs have had a rough couple of months. Despite the sharp recent rally, most stocks in the sector are down around 50% from their February highs. I believe that this sharp drop has opened up a buy opportunity, especially in agency-focused mREITs. Agency mREITs can be essentially thought o...

Mortgage REIT volatility has been incredible lately. The market wants to hate the sector, but the bears grow terrified from time to time. What terrifies them? Probably the fact that they are shorting mortgage REITs which already trade at a huge discount to the net value of their assets. We a...

The mortgage REIT sector has been incredibly volatile over the last few weeks. Prices for common shares and preferred shares plunged through early April. Then the rally started. After four consecutive days of double-digit gains, the sector is dramatically higher. Fortunately, for the bulls, th...