NRZ News and Press, New Residential Investment Corp. From 02/09/21

New Residential (NRZ) estimates Q1 2021 funded origination volume of ~$23B-$25B unpaid principal balance, which compares with $23.9B in Q4 2020.Estimates Q1 servicing portfolio UPB of ~$300B vs. $297.8B in Q4."Looking forward, we believe that our portfolio of MSRs will benefit from rising int...

New Residential Investment (NRZ): Q4 Non-GAAP EPS of $0.32 in-line; GAAP EPS of $0.16.Revenue of $570.67M (+23.2% Y/Y) misses by $198.08M.Press Release For further details see: New Residential Investment EPS in-line, misses on revenue

New Residential Investment Corp. (NYSE:NRZ; “New Residential” or the “Company”) today reported the following information for the fourth quarter and full year ended December 31, 2020: FOURTH QUARTER 2020 FINANCIAL HIGHLIGHTS : GAAP Net Income...

REITs often issue new shares to grow. The impact to existing shareholders depends on the valuation management can get for issuing shares. When DX recently issued shares, it was a textbook example of reading the environment. New issuance should be common for the mortgage REITs trad...

The Taxable account generated a total of $16,392.71 of dividends in 2020 compared with $15,257.75 of dividends in December of 2019. Jane's Retirement Accounts generated a total of $20,495.14 of dividends in 2020 compared with $18,662.00 of dividends in December of 2019. John's Ret...

U.S. equity markets rebounded from their worst week since October as stronger-than-expected corporate earnings reports and recent economic and coronavirus data suggested a sooner-than-feared return to normalcy. Delivering a "perfect week" with gains on all-five trading days, the S&...

Following the pattern of the past several months, the number of mortgages in active forbearance declined at the beginning of the month, driven by month-end plan expirations, according to the Black Knight McDash Flash Forbearance Tracker.The number of mortgages in active forbearance fell by 45...

Two of the most popular stocks on Robinhood's Top 100 list are TherapeuticsMD (NASDAQ: TXMD) and New Residential Investment (NYSE: NRZ) , both of which trade for under $10. The investment thesis for many excited investors is these stocks have a lot of room to grow. The probl...

Our largest position in the common shares of a mortgage REIT right now is CMO. We’re bullish on CMO and see the potential for shares to rally as they currently trade at an unusually large discount to book value. We’ve discussed CMO with readers before and we’v...

For Mortgage REIT investors, the recent "short squeeze frenzy" brings back painful nightmares. Mortgage REITs endured periods of violent volatility and "forced selling" during the depths of the pandemic. Imploding hedging instruments inflicted permanent damage to several mREITs, but b...