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Investors are attracted to the mortgage REIT (mREIT) asset class because of the high dividend yields; however, these high yields need to be weighed vs. potential losses in book value which can play havoc with total shareholder returns. On June 29, Credit Suisse analyst Douglas Harter published a...

On Monday, Bank of America Merrill Lynch (BAML) published a report initiating coverage on New Residential Investment Corp (NYSE: NRZ), a REIT focused on mortgage servicing rights (MSRs). A Brief History On New Residential The company was formed as a subsidiary of Newcastle Investment Corp. (NYSE:...

U.S. stocks ended the day in positive territory following a volatility trading session in which the Nasdaq index hit a 14 year high and the S&P 500 index was pushed back in to record territory. Investors found housing data to be encouraging news as the three major indices finished the day...