Thanks, but this is not my first time I've been looking at NRZ message board posts. NRZ took a hit when OCN first reported 1st quarter results. OCN then stabilized until end of last Friday when it hit new low. I own no OCN. I own NRZ and it's my largest position. I believe recent OCN news will lead to a better understanding as to why NRZ is doing better. But it could be purely fund purchasing or the markets rewarding reits as of late. Perhaps no news is good news too?
Can anybody here explain intelligently how this could impact NRZ, if at all? Negative or positive? OCN is hitting new lows, Shareholder lawsuits, government regulation, total mess for a major MSR that has ties to NRZ. Is this behind NRZ recent rise in share value?
Currently 15% yield, isn't that enough? It is for me. I vote to keep it the same for the next 20 years till I'm dead.
With a 16% yield, do we need more dividends? Really? I want them to survive for a long time, not kill the goose that laid the golden egg. Buy more if you need more dividends.
Sentiment: Strong Buy
Can't believe the coincidence my other large holding NRZ did the same thing on the same day. Very interesting.
The third quarter presentation mentioned that this was a potential future growth area. The ability to borrow as a Bank would have given them more financing flexibility. This will not impact fourth quarter earnings or projected 2016 earnings because it was not built into the projections. Sill it is a disappointment. It may lead to rating downgrades as a knee jerk reaction. Early February earnings report will clarify even more.