TSI News and Press, TCW Strategic Income Fund Inc. From 06/16/20

One of the U.S.'s largest shopping malls missed another payment on a $1.4B on mortgage and puts the borrower more than 60 days past due, Bloomberg reports, citing people with knowledge of the matter. More news on: Western Asset Mortgage Defined Opportunity Fund, Principal Real Estate Inc F...

The Fed vowed in its monetary policy statement to increase its Treasury and agency MBS holdings. More news on: iShares Mortgage Real Estate Capped ETF, VanEck Vectors Mortgage REIT Income ETF, Western Asset Mortgage Defined Opportunity Fund, Financial stocks news, News on ETFs, Read mo...

The average homebuyer may see mortgage rates rise as much as a quarter point on a 30-year fixed rate mortgage, Matthew Graham, COO of Mortgage News Daily told CNBC. More news on: iShares Mortgage Real Estate Capped ETF, MFA Financial, Inc., Invesco Mortgage Capital Inc., Financial stocks...

Commercial Mortgage-Backed Securities backed by hotel and mall properties get hit the hardest. Mall-REIT CBL failed to make bond interest payment Tuesday. The delinquency rate for commercial mortgage-backed securities ((CMBS)) spiked from 2.29% in April to 7.15% in May by loan balance, ac...

YTD, the Bloomberg Barclays U.S. MBS Index excess return vs. Treasurys was -0.31% as of Friday, the worst showing over a similar period in seven years, also when the Fed was buying mortgage securities. More news on: Western Asset Mortgage Defined Opportunity Fund, Principal Real Estate I...

As of May 19, 4.75M homeowners , or 9.0% of all mortgages, are in COVID-19 mortgage forbearance plans, according to Black Knight's McDash Flash Forbearance Tracker. More news on: New Residential Investment Corp., Ocwen Financial Corporation, Mr. Cooper Group Inc., Financial stocks news, N...

The 30-year fixed-rate mortgage rate averages 3.24% for the week ending May 21, down from 3.28% in the previous week and 4.06% at this time a year ago, according to the Freddie Mac Primary Mortgage Market Survey. More news on: iShares U.S. Home Construction ETF, Toll Brothers, Inc., TRI ...

Underscoring just how abruptly the COVID-19 pandemic has hit the U.S. economy, the number of past-due mortgages increased by 1.6M in April, the largest single-month increase ever recorded, according to Black Knight. More news on: iShares Mortgage Real Estate Capped ETF, VanEck Vectors Mo...

The pace of borrowers entering mortgage forbearance programs is slowing , with 4.7M homeowners in such mortgage relief plans as of May 12, up from a revised 4.5M a week earlier, according to Black Knight, a mortgage data and analytics company. More news on: New Residential Investment Corp...

(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...