NRZ News and Press, New Residential Investment Corp. From 11/21/20

U.S. equity markets delivered a mixed week as optimism about forthcoming coronavirus vaccines and stellar housing market data was negated by mounting concerns over cascading coronavirus-induced economic shutdowns. While the large-cap indexes posted declines on the week, small-cap...

Ayro (AYRO) +28%.Ideanomics (IDEX) +22%.Precision BioSciences (DTIL) +19% after co. enters into a research and license agreement with LLY.Mesoblast Limited (MESO) +17% after entering into an exclusive worldwide license and collaboration agreement with Novartis.Waitr Holdin...

New Residential Investment's (NRZ) national mortgage lending and servicing arm New Rez LLC, confidentially submits a draft registration statement with the SEC for a proposed IPO.The number of shares of common stock to be sold and the expected price range for the proposed offering haven't yet ...

New Residential Investment Corp. (NYSE: NRZ, “New Residential”) today announced than an affiliate of NewRez LLC (“NewRez”), a national mortgage lending and servicing organization, has confidentially submitted a draft registration statement on Form S-1 with th...

Bearish ratings on mortgage REITs? Sure, we’ll go bearish on MITT and ORC. Price-to-book ratios are way too high compared to peers. Nothing wrong with ORC except the share price. Investors are getting blinded by the dividend, but they could get a better deal on similar REITs. ...

On 10/26/2020, AGNC reported results for the third quarter of 2020. AGNC reported comprehensive income of $732 million and a non-tangible BV as of 9/30/2020 of $16.84 per common share. In this article, I will discuss my previous account projections versus actual results. I will also d...

Mortgage REITs are putting on a massive rally over the last week or two. That’s great as several have been severely undervalued. It wasn’t that long ago that we had almost nothing but bullish ratings. Today, we have several lower ratings. Discounts to book value (or ...

U.S. equity markets climbed to record-highs this past week on positive trial results for a COVID-19 vaccine, a potentially major breakthrough hailed as a "great day for science and humanity." Adding to its 7% post-election surge, the S&P 500 gained 2.3% this past week to...

The Taxable account generated $1,187.25 of dividends in October of 2020 compared with $1,049.10 of dividends in October of 2019. The Taxable account had a balance of $382,735.78 as of October 30th, 2020, vs. $463,054.08 on October 30th, 2019. The annualized cost basis yield is 4.58%. ...

We were pretty bullish on TWO lately, but shares rallied into the neutral range. Shares of ORC outperformed to the extent they ended up in our bearish range. Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end. In this series weȁ...