NRZ News and Press, New Residential Investment Corp. From 05/24/20

This research report was produced by The REIT Forum with assistance from Big Dog Investments . Due to the dramatically higher than usual volatility in the sector, we’re planning to post this series a little more frequently than normal. That allows us to provide more ratin...

Real Estate Weekly Outlook U.S. equity markets surged this week, buoyed by news of positive clinical trial results from Moderna ( MRNA ) and Inovio Pharmaceuticals ( INO ) and on renewed hopes of a V-shaped economic recovery as most states and countries around the world have begun the ...

The first quarter was one of the toughest ever for mortgage real estate investment trusts (mREITs). As the coronavirus pandemic set in, creditors pulled back, liquidity vanished almost overnight, and new legislation introduced massive uncertainty. Mortgage-backed securities, even government...

As of May 19, 4.75M homeowners , or 9.0% of all mortgages, are in COVID-19 mortgage forbearance plans, according to Black Knight's McDash Flash Forbearance Tracker. More news on: New Residential Investment Corp., Ocwen Financial Corporation, Mr. Cooper Group Inc., Financial stocks news, N...

The above numbers actually overstate the performance of mortgage REITs due to a survivorship bias. The total return since 2007 inception of the iShares Mortgage Real Estate Capped ETF ( REM ) is -56% compared to a +74% return for the Vanguard Total Bond Market Index Fund ( VBMFX ) Mortgage R...

This research report was produced by The REIT Forum with assistance from Big Dog Investments . Due to the dramatically higher than usual volatility in the sector, we’re planning to post this series a little more frequently than normal. That allows us to provide more rat...

New Residential (NYSE: NRZ ) raises $600M through a senior secured loan agreement and estimates its book value per common share is unchanged from its $10.71 reported book value as of March 31. More news on: New Residential Investment Corp., Financial stocks news, Read more ...

New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) today announced a $600 million capital raise through entry into a private senior secured loan agreement structured and led by Canyon Partners, LLC (“Canyon”) with partici...

This research report was produced by The REIT Forum with assistance from Big Dog Investments . Want to understand mortgage REITs? It starts with price-to-book ratios. They aren’t the ending point of analysis, they are the starting point. Book value tells investors how...

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...