TSI News and Press, TCW Strategic Income Fund Inc. From 05/11/20

(This report was first issued to members of Yield Hunting on May 5. All data herein is from that date or prior.) Discounts among most closed-end funds reached their widest levels during the third week of March. Since then, they rebounded a bit near the end of April and are now bouncing aro...

The daily number of new forbearance requests started to taper off after April 15, according to Black Knight's Mortgage Monitor report, but the firm is watching for a potential second wave of forbearance requests in May. More news on: iShares Mortgage Real Estate Capped ETF, VanEck Vector...

Closed-End Funds ("CEFs") took a beating as most thought they would see this market sell off. We were surprised just how much of a beating NAVs on the bond side took and we believe there's opportunity there. Illiquidity and forced selling already have eased in the highest quality segments ...

Goldman Sachs Group's ( GS +0.2% ) move to snap up mortgage bonds amid panic selling almost certainly made money after the Fed introduced a stimulus to stabilize the market, Bloomberg reports. More news on: The Goldman Sachs Group, Inc., Western Asset Mortgage Defined Opportunity Fund,...

Another half million homeowners entered forbearance plans within the last week, Black Knight figures, boosting the percentage of all mortgages in forbearance to 6.4% as of April 23 vs. 5.5% as of April 16. More news on: iShares Mortgage Real Estate Capped ETF, VanEck Vectors Mortgage REI...

30-year fixed-rate mortgage average 3.33% for the week ending April 23, 2020, up slightly from 3.31% in the previous week and vs. 4.20% at this time a year ago, according the the Freddie Mac Primary Market Survey. More news on: iShares Mortgage Real Estate Capped ETF, VanEck Vectors Mor...

(This report was issued to members of Yield Hunting on April 15. All data herein is from that date or earlier.) Closed-end funds have been hammered. Most entered this crisis at to significantly above average in terms of valuation. When we talk about valuation, we are referring to the price...

30-year fixed-rate mortgage averages 3.31% for the week ending April 16, down from 3.33% in the prior week and 4.17% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey. More news on: iShares U.S. Home Construction ETF, SPDR Homebuilders ETF, Direxion Da...

(Please note that this report was issued on March 28th to members of Yield Hunting.) I just want to reiterate to members that I am not buying (other than a few individual muni bonds and preferred stocks), and I do not necessarily advocate buying at this point unless you can look long ter...

As unemployment rises due to efforts to slow the spread of the coronavirus, the number of homeowners appealing to mortgage companies for more time to pay has soared  in recent weeks, according to data from the Mortgage Bankers Association. More news on: iShares Mortgage Real Estate C...