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How Safe Is New Residential and Its Dividend?

How Safe Is New Residential and Its Dividend?

The year 2020 has been difficult for mortgage real estate investment trusts (REITs). This caused every mortgage REIT to shrink its balance sheet and cut dividends. The drop in interest rates sparked by the downturn in the U.S. economy, however, gave birth to a home refinancing wave that has given the mortgage sector its best year since the early 2000s.