NRZ News and Press, New Residential Investment Corp. From 05/02/22

U.S. housing affordability in March fell to near all-time lows as home prices and mortgage rates continued to surge in the wake of the highest consumer price inflation in four decades. Specifically, home prices in March appreciated at an annualized rate of 19.9%, down from February's upwardly...

U.S. equity markets declined for a fourth-straight week as lukewarm earnings results from mega-cap technology companies and downbeat economic data- including a GDP contraction- raised further concerns about emerging stagflation. Logging its worst month since the depths of the pandemic...

John's retirement accounts generated a total of $2,457.27 of dividend income for March 2022 vs. $2,012.73 of dividend income for March 2021. John's Traditional IRA had a balance of $372.5K as of March 31, 2022, vs. $302.2K on March 31, 2021. The estimated annualized yield is 4.87%. ...

After 60 weeks and $6,000 allocated, the Dividend Harvesting portfolio is generating $419.77 in annual dividend income. The Dividend Harvesting portfolio has a 98.33% record of finishing the week in the black since its inception, 59/60 weeks. In week 60 I started a position in LGI...

We picked up a nice bargain in the mortgage REITs. How could we spot that it was undervalued? It sticks out on the charts. This is a big shift in our view on the common shares. We were bearish when the year started, but a plunging share price deserves a new rating. It's not An...

We picked up another new position in the common shares when the market went into a panic. A significant portion of the pain in the sector is warranted. April has been dreadful for several mortgage REITs, but there are plenty of gems in the rough. Q1 2022 was garbage also, so some ...

Newrez LLC (“Newrez”, the “Company”), a national mortgage lending and servicing organization, announced today it has welcomed Neenu Kainth as Chief Digital Officer. Ms. Kainth steps into her new role with more than 20 years of proven experience driving di...

I am projecting AGNC will report a combined extremely notable unrealized loss on the company’s on-balance sheet MBS/investments for the first quarter of 2022 (mainly fixed-rate agency MBS). Generic 15- and 30-year fixed-rate agency MBS coupons had extremely notable price decrea...

We picked up two investments that carry excellent yields combined with some healthy upside in the share price. We also dropped one of our positions. Despite this being an extremely difficult period for high-yield investors, we earned over 11% in a little over a month. Why are so m...

We take a look at the action in preferreds and baby bonds through the second week of April and highlight some of the key themes we are watching. The preferreds market was weak as lower stocks and Treasuries being the key headwinds. We discuss the apparently asymmetric nature of pr...