NRZ News and Press, New Residential Investment Corp. From 07/20/21

We’re getting a dip in the mortgage REIT sector. We saw a quick one that was corrected recently, but this one moved quite a bit lower. The sector was expensive prior to the start of the dip, so some weakness isn’t surprising. This is an opportunity to start building posi...

New Residential Investment Corp. (NYSE:NRZ, “New Residential” or the “Company”) announced today that it will release its second quarter 2021 financial results for the period ended June 30, 2021 on Thursday, July 29, 2021 prior to the opening of the New York S...

This series projects AGNC’s income statement for the second 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 decrease in net spread income for the s...

U.S. equity markets retreated from record highs this past week, pressured by renewed COVID concerns and hotter-than-expected inflation data showing the fastest rise in consumer and producer prices in decades. The S&P 500 declined by 1.0% on the week while Mid-Caps and Small-Caps s...

Andrii Yalanskyi/iStock via Getty Images The number of mortgages in active forbearance plans edged down by only 1K during the past week, after an almost 200K drop the week before, following a pattern of a mid-month lull in activity in the Black Knight McDash Flash Forbearance Tracker. Some 1....

The Taxable account generated $1,622.38 of dividends in June of 2021 compared with $1,407.88 of dividends in June of 2020. The Taxable account had a balance of $507,993.49 as of June 30, 2021, vs. $374,012.68 on June 30, 2020. The annualized cost basis yield is 4.77%. Four compani...

At its current price levels (~$10), investment in New Residential Investment represents an average business for sale at a slightly overvalued price. Investment at the current price still provides good potential for a single-digit return and a good 8% current dividend income in the mid...

Occasionally we see a sector rotation where prices dip rapidly with no basis in fundamentals. When that happens, we see an opportunity to build new positions. We had one of those opportunities very recently. During the flash sale on Thursday, we picked up some DX. This is an examp...

Stocks continued their stellar 2021 run in June. I am continuing my monthly investment plans while still awaiting a market correction or possibly a real crash once market euphoria has come down. My dividend income amounted to $403, which is up 14% Y/Y with YTD dividend gains up by...

U.S. equity markets were mixed on a volatile holiday-shortened trading week as renewed concerns over the spread of COVID variants and downbeat economic data pulled global sovereign yields to five-month lows. Climbing for the third-straight week and closing at record highs, t...