NRZ News and Press, New Residential Investment Corp. From 03/28/21

Nationally, 60.9% of home offers written by Redfin agents are getting a competing bid, up from 59.3% in January, and the 10th straight month in which more than half of their offers encountered competition, according to a recent Redfin report.Low mortgage rates and a pandemic moving spree have...

The number of mortgages in active forbearance plans, fell by 19K, reducing the number of active plans down by 135K over the past month — a 5% reduction, according to Black Knight's McDash Flash Forbearance Tracker.That percentage decline represents the strongest rate of improvement sin...

The average 30-year mortgage rate of 3.17%, its highest in nine months, is reducing the number of high-quality refinance candidates down to 11.1M, its lowest level since a year ago, according to mortgage technology and data provider Black Knight.On average, those mortgage holders who could be...

New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) announced today that its Board of Directors (the “Board”) has declared first quarter 2021 common and preferred stock dividends. Common Stock Dividend The ...

Investors are thrilled about the steeper yield curve. A steeper yield curve is generally positive for mortgage REITs, and the impact to fundamentals is smaller than many investors may think. When the yield curve was flat and mortgage REITs traded at huge discounts to book, many in...

Mortgage REIT preferred shares offer big dividend yields and some offer steady payouts. The preferred shares from AGNC carry some of the lowest risks and AGNCP has been attractively priced. We took the opportunity to significantly increase our position in AGNCP at $23.70 on 3/15/2...

As per the Nareit T-Tracker, funds from operations for all equity REITs surged 11.3% Q/Q to $13.9B in 4Q20 following a 10.3% increased in 3Q20.Overall REIT industry FFO was 16% lower Y/Y; increases in Q3 & Q4, however, reversed half of the declines that occurred in Q1 & Q2.Dividends p...

Mortgage originators are coming off their best year since 2003 after COVID-19 pushed the Federal Reserve to cut interest rates, which prompted a massive wave of refinancing activity. This year was expected to be almost as good, but rising interest rates have forced many in the industry ...

U.S. equity markets rallied to fresh record-highs after muted inflation data temporarily curbed concerns about an "overheating" economy ahead of the deployment of another massive round of stimulus. The "reopening trade" gave way to the "American exceptionalism" trade this week as...

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...