NRZ News and Press, New Residential Investment Corp. From 03/12/21

The number of mortgages in active forbearance plans fell by 77K, or by 2.9%, from a week earlier, marking its biggest weekly decline since early January, according to the Black Knight's McDash Flash Forbearance Tracker.As of March 9, 2.6M homeowners are still in forbearance, or 4.9% of all ho...

Stocks performed strongly in February with cyclicals and energy stocks rallying strongly. I am continuing my monthly investment plans while awaiting a market correction or possibly a real crash once market euphoria has come down. My dividend income amounted to $350, up 19% sequent...

The Taxable account generated $1,470.14 of dividends in February of 2021 compared with $1,641.99 of dividends in February of 2020. The Taxable account had a balance of $466,994.14 as of February 28, 2021, vs. $401,835.85 on February 28, 2020. The annualized cost basis yield is 4....

The mortgage REIT sector began the year with big discounts to book value. Since then, it has delivered big returns. If you've read even a few of our articles on mortgage REITs, you're surely familiar with the price-to-book ratios. Investors who didn't buy mortgage REITs in April 2...

The number of mortgages in active forbearance falls by 22K in the past week, driven by month-end plan expirations, according to Black Knight's McDash Flash Mortgage Forbearance Tracker.Additional review/removal activity may occur in the next week, as 100K forbearance plans remain listed with ...

The mortgage REIT sector has been on fire lately. It gave us some huge gains in late 2020 and more huge gains in early 2021. As investors shift into "value" stocks, we've seen a dramatic increase in price with price-to-book ratios increasing substantially in the sector. With these...

John's retirement accounts generated a total of $1,803.34 of dividend income for January 2021 vs. $2,211.06 of dividend income for January 2020. John's Traditional IRA had a balance of $273,135.02 as of January 31, 2021, vs. $279,702.70 on January 31, 2020. The estimated annualized yi...

After reporting a COVID-induced net loss of $1.6 billion in the quarter ended March 2020, New Residential Investment Corp. has consolidated its business and is clawing its way forward. Macroeconomic factors like increasing spreads, low-interest rates, increasing employment after the s...

After a successful first year, NewRez’s community investment program will include a new employee recognition initiative and refreshed grant program in 2021 NewRez LLC (“NewRez”, the “Company”), a national mortgage lending and servicing organiza...

During February, we placed a handful of trades in the mortgage REIT preferred shares. We recently picked up shares of ARR-C and NRZ-B. We'll highlight the index cards and commentary on those positions. In February we also closed out positions in NYMTP, TWO-E (which was called) and...