NRZ News and Press, New Residential Investment Corp. From 06/26/22

U.S. equity markets rebounded this week - just the second positive week in the past twelve - as interest rates moderated on further signs of softening global growth while resilient housing data calmed market jitters. Rebounding from its worst week since the depths of the pandemic, the...

John's retirement accounts generated a total of $1,166.62 of dividend income for May 2022 vs. $1,078.93 of dividend income for May 2021. John's Traditional IRA had a balance of $374.7K as of May 31, 2022, vs. $327.7K on May 31, 2021. The estimated annualized yield is 4.79%. John's...

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The sector climbed significantly on Tuesday, but one stood above the rest. Management internalization may have been a factor, but commentary about current book value per share was probably a big boost. Management’s estimate as of June 15th came in very close to our estimate...

The war in Ukraine is no longer the major market mover as record inflation has now taken that spot. Markets are very nervous and record inflation readings paired with an aggressive Fed and negative consumer sentiment are starting to hammer stocks and hopefully lead to a prolonged bear...

New Residential has suffered, like many other mortgage REITs. Less refinancing activity is positive for its MSR portfolio, though. Management internalization is also a good thing, with a compelling cash-on-cash return. NRZ offers a hefty yield of more than 11% and trades at a hist...

The current market sell-off has been unrelenting and broad-based, offering few respites for investors. We take a look at how the current drawdown compares to the other ones we have seen this century to gauge its likely extent. We also highlight a number of themes we are following ...

New Residential’s stock discount to book value has widened to an insane 31%. New Residential just announced its internationalization which could lead to higher earnings moving forward. NRZ's dividend yield is well-covered. For further details see: New Residential ...

New Residential Investment (NYSE:NRZ) plans to change its name to Rithm Capital once it completes the internalization of its management, the company said Friday. Under an internalization agreement, the parties ended their Management and Advisory Agreement effective June 17, 2022. In connectio...

New Residential Investment Corp. (NYSE: NRZ) (“NRZ” or the “Company”) announced today it has entered into agreements providing for the internalization of the Company’s management function. In conjunction with the internalization, the Company announ...