NRZ News and Press, New Residential Investment Corp. From 12/16/20

New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) announced today that its Board of Directors (the “Board”) has declared fourth quarter 2020 common and preferred stock dividends. “We are pleased to annou...

Investors starting on the sector should begin by learning about some of the simpler mortgage REITs. Ones focused on agency MBS are usually simpler. We’ll bring out a high-risk pick with substantial upside today. GPMT is a commercial REIT with a price-to-estimated-book below .60...

Rocket Companies (RKT) gains 5.3% after Jefferies analyst Ryan Carr starts covering the stock with a Buy rating as part of a broader call flagging the potential of real estate finance tech stocks.Black Knight ([[BKI]] +0.2%), New Residential ([[NRZ]] +0.8%), and PennyMac Financial (...

November was characterized by a contested U.S. Presidential Election and a series of surprisingly positive and encouraging COVID-19 vaccine news. I am continuing my monthly investment plans and suspiciously follow the massive rally in technology stocks as well as the vaccine-driven re...

The Taxable account generated $1,592.38 of dividends in November of 2020 compared with $1,692.41 of dividends in November of 2019. The Taxable account had a balance of $429,520.65 as of November 30th, 2020, vs. $333,305.38 on November 30th, 2019. The annualized cost basis yield is 4.4...

Today we're going to focus on mortgage REITs investors already missed the boat on. These mortgage REITs have a few things in common. They rallied dramatically and deserve a neutral rating after the huge returns they gave shareholders. In this series we're providing readers with th...

New Residential's old business model got into trouble during spring, but its operating businesses are doing well in this environment. Shares traded at a steep discount to book value a couple of months ago, but following strong gains the discount to book value has declined a lot. S...

National mortgage lender and servicer exceeds charitable contribution goal of one million dollars in donations NewRez LLC (“NewRez”, the “Company”), a national mortgage lender and servicer, announced in November its intentions to reach one mil...

Mortgage origination volumes could stay at or above record levels achieved in Q3 according to rate lock data compiled by Black Knight in its Mortgage Monitor report.Purchase originations hit a record $455B in Q3 and refinance lending hit a record $867B.2020 is on pace to reach almost $4.4T in...

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...