NRZ News and Press, New Residential Investment Corp. From 12/07/20

New Residential's (NRZ) NewRez national mortgage lender and servicer unit partners with The Menkiti Group, a D.C.-based minority-owned integrated real estate services company, to form a new joint venture mortgage company, Mission Mortgage.Mission Mortgage, focused on residential mortgage lend...

DC Based Minority Entrepreneur Teams Up with Leading National Mortgage Lender and Servicer NewRez LLC (“NewRez”), a national mortgage lender and servicer, announced today, in partnership with The Menkiti Group, a DC-based, minority-owned integrated real estate ...

New York Mortgage Trust was one of our strongest “Strong Buy” recommendations. After rallying 95%, it’s trading within the reasonable range. Since shares are no longer hilariously undervalued, we’ll go back to a neutral rating. In this series we’...

John's retirement accounts generated a total of $1,638.05 of dividend income for October 2020 vs. $1,994.35 of dividend income for October 2019. John's Traditional IRA had a balance of $235,999.57 as of October 31, 2020, vs. $280,882.02 on October 31, 2019. The estimated annualiz...

We often focus on the mortgage REIT common shares in this series, but this time we’re going to emphasize the preferred shares. We provided readers recently with a fairly large article demonstrating the dramatic difference in the valuation of the AGNC preferred shares. Despi...

We can finally drop to a neutral outlook on ANH. Shares are up about 40% since late October. We're grateful for this opportunity to be right - again. We’re seeing far more REITs trading at reasonable valuations today. It was weird being stuck in a bullish stance on most of the ...

Mortgage originators are having a banner year, and the market for mortgage banking initial public offerings (IPOs) has been hot. We saw Rocket Companies (NYSE: RKT) go public in August through a normal offering and United Wholesale Mortgage prepare to go public this quarter via ...

U.S. equity markets climbed to fresh record highs on the Thanksgiving-shortened week as strong housing data, positive vaccine developments, and "market-friendly" Cabinet picks offset ongoing COVID concerns. Pushing its November gains to over 11%, the S&P 500 rallied another 2...

BTIG analyst Eric Hagen initiates coverage with Buy ratings Annaly (NLY), AGNC Investment (AGNC), MFA Financial (MFA), Redwood Trust (RWT), Ellington Financial (EFC), Dynex (DX), and Ellington Residential (EARN).Assumes coverage of New Residential (NRZ) with a Buy rating.Top picks are NRZ, RW...

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...