NRZ News and Press, New Residential Investment Corp. From 01/26/21

Some mortgage REITs are trading at significant premiums to book value per share. When that happens, issuing new shares is wise. One mortgage REIT already took advantage of favorable pricing to issue new shares. That’s intelligent and expected. IVR and MITT should be looking...

I'm projecting AGNC will report a combined modest unrealized loss on available-for-sale securities and investment securities measured at FMV for the fourth quarter of 2020. Most generic 15-year and 30-year fixed-rate agency MBS coupons had minor-modest price fluctuations during the qu...

Last year ended with 2.15M of homeowners seriously delinquent on their mortgage payments, 1.7M more than at its start, even after months of improvement, according to Black Knight's First Look at December 2020 data.The national delinquency rate in December fell to its lowest level since April;...

This series projects AGNC’s income statement for the fourth quarter of 2020. These projections help readers understand how most of the fixed-rate agency mREIT sector performed (valuable insight). I am projecting AGNC will report a very minor decrease in net spread income for th...

There are a few mistakes we’ve seen in analyzing mortgage REITs. These can stem from misconceptions about how they work. Investors who understand mortgage REITs better are putting themselves in a better position for investing. In this series, we’re providing readers ...

CMO still trades at a large discount to projected book value. We’re estimating the current price-to-book is around 0.84. That’s a 16% discount. We frequently find trading opportunities in the common shares of the mortgage REITs where the market is applying different valu...

The Taxable account generated $1,299.68 of dividends in December of 2020 compared with $1,263.45 of dividends in December of 2019. The Taxable account had a balance of $443,698.85 as of December 31st, 2020, vs. $342,700.49 on December 31st, 2019. The annualized cost basis yield is 4.2...

We regularly cover preferred shares as a way for investors to find a steady yield. They still carry risk, but less than common shares. The preferred shares from mortgage REITs can offer great opportunities. When prices get inefficient, we get nice opportunities. In this series we&...

Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Mond...

One of the mortgage REITs we own, PMT, still trades around a 15% discount to projected book value. That’s still attractive. Investors in the sector need to have the discipline to stick to an investing strategy. We’ve enjoyed great success using discounts to (current esti...