What am I missing here. This looks like a pretty good report. Certainly nothing bad. Just guessing but dividends should be about the same or maybe a .o1 or .02 higher next qtr. Book value is up, not as much as I would like, but it's going up. Best of all the future looks good.
I think that would be generally good for NRZ due to higher rates leading to less pre-payments for MSRs. I'm thinking part of this recent swoon is the fact QE is still ongoing and interest rates have dropped again. Maybe I'm wrong?
The problem may be uncertainty going forward ag as NSM is closing their wholesale origination biz by everything I've read. Not sure how this affects nrz exactly so we'll have to wait for wes and co to explain the ramifications.