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New Residential Investment Corp. (NRZ)

NYSE - Nasdaq Real Time Price. Currency in USD
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10.89-0.02 (-0.18%)
At close: 04:00PM EDT

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  • j
    jay
    MSR values will rise again substantially. The more mortgage rates rise the lower the propensity for borrowers to prepay and refi thereby ending the cashflows that come from the MSRs. The biggest tranche of MSR, 2/3s of the total, were valued at June 30, 2022 as if they'd refi in 36 months. On June 30, 2022 rates on 30 year fixed were 3.00% roughly. Today they are over 6.00%. Therefore the longevity on our MSR inflows has extended considerably since Q2. That translates to much higher value for our MSRs Q over Q.
  • B
    Beef McBeef
    4x daily volume on no news…is that called premature capitulation?
  • S
    Samuel
  • D
    Diane
    I'm losing my retirement faster than I can blink. Holding, but I may need to get mental help for the next two decades waiting for these companies to recover.
  • B
    Beef McBeef
    Tremendous amount of pessimism out there and rightly so. However, is it worth even entertaining the idea that maybe, just maybe, RITM is actually holding up alright. MSRs and construction loans may be doing just well enough to be keeping the divs flowing. BV increases are essentially done at this point since MSRs can't be marked up much more but maybe its good enough to hold on for dear life. I feel like they had the perfect cover to take the div to $0.15 from $0.25 and they didn't so there may be a a silver lining under all off the brown...
  • A
    A
    Wondering about recent short interest and fantasizing of a corrective squeeze. Alright enough of that, back to crying.
  • S
    Sam
    Why the huge drop today with RITM?
  • S
    Samuel
    2 Fed Officials: We Can Still Avoid a Recession.
    Boston Fed official acknowledged “apprehension about the possibility of a significant downturn,” but says “a more modest slowdown, while challenging, is achievable.”
    https://www.floridarealtors.org/news-media/news-articles/2022/09/2-fed-officials-we-can-still-avoid-recession
  • d
    dbtunr
    If you are thinking of buying more common today....DON'T!!!!

    Buy the preferred instead. All have very high yields at their current prices, all their yield to call rates are much higher than the common and the reset rates are also very high. Plus the dividends are cumulative. The company will pay you the dividend at some point as long as they don't go bankrupt. If they didn't go bankrupt in 2020, they aren't going bankrupt now. They could cut or eliminate the common dividend, but you will still get paid.

    Plus you will make a huge capital gain when they are called at $25 at some point in the future. If the company was going to buy back shares, it makes sense to buyback the preferred first at these prices.
  • T
    Trader
    25 cents again, payable October 28th
  • B
    Beef McBeef
    This smells like an mREIT is about to blow up with how even everyone's preferreds are getting schwacked. It will be very frustrating if Nierenberg decided to keep our div the same but doesn't have enough capital to take advantage of the market dislocation. Opportunities must be out there to take advantage of today and I'd happily trade a few pennies from the div in the short term to steal some long term assets at fire sale prices. Let's go MN, drop us some news!
  • L
    Lobo
    In case you’re not already too stressed and confused:
    Cathie Wood is on now making an excellent case that the FED has already tightened too much (by increasing rates and reducing their balance sheet), has failed to see the results of their tightening, will soon realize their mistake and begin easing/reversing their strategy.
    She IMPLIES (not states) there may not be a capitulation and could have already seen the market’s bottom.
    She is absolutely correct when she says Powell is gauging his results/success by the employment/unemployment numbers which have always proven to be a lagging indicator.
  • S
    Samuel
  • A
    A
    Selling at these prices would seem to be a poorly informed decision.
  • W
    William I
    Boy this is a good price but I’m not buying until I hear about the dividend
  • B
    Brad
    I was feeling pretty good about my purchases last week in the low $8's but now wishing I'd had been a little more patient - but still happy with where I'll end up long term.
  • D
    Diane
    Seems like ALL stock prices are a "falling knife." Any good reason to buy ANYTHING at this point? ? ?
  • S
    Scott
    I sent an email to the IR at Rithm Capital and copied the CEO (Michael N.). He actually wrote me back and we have a scheduled call. Any topics you want me to ask during the call? I was going to ask about their capital allocation strategy re: share buybacks given the 11%+ unlevered returns.
  • T
    Tim
    home sales cancelations are up 800% this week in Florida. Will buyers come back after the hurricane?