NRZ News and Press, New Residential Investment Corp. From 10/24/20

U.S. equity markets were mixed this week as better-than-expected economic data and strong corporate earnings results were offset by continued coronavirus concerns and frustration over the ongoing stimulus stalemate. Snapping a three-week winning streak, the S&P 500 ended the ...

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...

Our latest purchase in the sector is PMT. We think PMT is a great choice today following the substantial decline in share price since the Q2 2020 earnings. PMT has underperformed the most similar mortgage REITs lately. Shares dipped all the way into the strong buy range. PMT carries a...

We’re highlighting two good mortgage REITs trading at substantial discounts to book value: CMO and NYMT. We're bullish on both. Each trades at a large enough discount to offer substantial upside, and the portfolio of MBS they carry is capable of performing well in this environm...

For its new Jacksonville location, NewRez (NRZ) +2.9% AH, has aggressive hiring plans with employment to double, joining the mortgage operations, underwriting, processing and sales teams, by end of fall.It seeks to hire for 100+ job opportunities.Jacksonville office w...

National Lender Announces Plans to Double Employees in Jacksonville by End of Fall NewRez LLC (“NewRez”, the “Company”), a national mortgage lender and servicer, provided additional information around the Company’s aggressive hiring pla...

Credit Suisse analyst Douglas Harter lifts his price target for New Residential ([[NRZ]] +0.8%) to $11 from $10 as he sees continued operating company profitability driving book value growth.Points out that NRZ recently traded at 75% of book value vs. 82% for the credit focused mREITs "despit...

I am projecting AGNC will report a modest gain regarding the company’s derivative instruments and other securities for the third quarter of 2020. Interest rate payer swaps and U.S. Treasury securities across most tenors/maturities experienced a minor-modest increase in rates/yi...

U.S. equity markets finished flat this week as better-than-expected economic data and earnings results were offset by a continued fiscal stalemate and pressure on technology stocks amid a censorship controversy. The S&P 500 managed to eke out a 0.1% gain this week. The Nasdaq 100 ...

We're highlighting the mortgage REITs with more MSRs today: Bullish ratings on CHMI, TWO, PMT, and NRZ. We highlighted several of these REITs together before. It was 04/06/2020 and responses were mixed. Some investors hated the idea of buying at around 30% of book value. Discounts...