NRZ News and Press, New Residential Investment Corp. From 04/27/21

As April 2021 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 4.625 to 8.375 percent. Here is a comparison, against highest quality preferred stocks in our coverage universe, as ranked by our internal...

The stock market today doesn’t have as many bargains. Plenty of amateurs may be hunting for high yields. What do they like besides dividends? Hopefully, some rhymes. It's an opportunity to get educated about mortgage REITs, share issuance, and the impact of interest rates. ...

I am projecting AGNC will report a combined notable unrealized loss on available-for-sale securities and investment securities measured at FMV for the first quarter of 2021 (MBS investments). Lower coupon generic 15- and 30-year fixed-rate agency MBS coupons had notable price decrease...

The market is getting more expensive. There’s no way around it. Investors should be cautious, but most are apathetic. There are still a few mortgage REITs trading at favorable discounts with some upside built in. There aren't many, so buying blindly is an exceptionally poor pla...

The number of mortgages in active forbearance plans edges down for another week, making that eight straight weeks of improvement, according to Black Knight's McDash Flash Forbearance Tracker.The number of mortgages in forbearance fell by a mere 1K for the week ended April 20, the same number ...

This series projects AGNC’s income statement for the first quarter of 2021. These projections help readers understand how some of the fixed-rate agency mREIT sector performed (valuable insight). I am projecting AGNC will report a notable increase in net spread income for the fi...

U.S. equity markets rallied to fresh record-highs this past week as long-term interest rates and inflation expectations pulled back despite a stellar slate of economic data and corporate earnings reports. Concerns over the impact of a temporary safety-related halt of the Johnson &...

We have been seeing a lot of merger activity lately in the mortgage banking space. Western Alliance recently bought AmeriHome and Galton Funding, while New Residential (NYSE: NRZ) just inked a deal to buy Caliber Home Loans from Lone Star Funds. After the greatest year for mortg...

Some mortgage REITs are still attractive, but several are not. We recently warned investors about one of the less attractive deals, down more than 11%. This lesson illustrates the importance of price-to-book ratios, which is a topic we continue drilling into investors. Investors d...

The number of mortgages under active forbearance plans fell by a mere 1,000 in the week ended April 13, but that's still the seventh straight week of declining forbearance plan volumes, according to Black Knight's McDash Flash Forbearance Tracker.Typically, the strongest rates of improvement ...