For those of you who would like to take advantage of our Luck O' the Irish SALE but prefer not to make payments online, you are welcome to send us a check or money order in the amount of $114.12 for a 3-year AD-FREE Premium Service Bundle or $190.20 for a 5-year Bundle. Make checks or money orders payable in US funds to "Investor Village" and send to: Investor Village, P.O. Box 2958, Marrero, LA 70073.
As many of you know, we operate on the honor system around here. So, in closing out our Luck O' the Irish SALE, we wanted to advise those of you who plan to pay by check or money order that you can send a PM to Admin informing us of your intention. We will then upgrade your account for 7 days, allowing you to enjoy our ad-free premium service now and giving you a reasonable amount of time to get your payment in.
The following message was updated on 1/16/2022 4:21:25 PM.
How similar is NRZ to ORC (excluding the servicing segment?)
Orchid Island Capital (NYSE:ORC) stock drops 3.1% after the mortgage REIT cuts its monthly cash dividend due to the rapid compression of its net interest margin that occurred in Q4 2021.
Monthly cash dividend goes to $0.055 per share of common stock, down 15% from prior dividend of $0.065.
Orchid Island (ORC) cites recent comments from Fed officials indicating that it may take actions to remove substantial monetary policy accommodation.
"The company’s net interest margin has also been impacted by the persistence of longer-term rates remaining at or below levels observed earlier in 2021," Orchid Island said. "As a result, prepayment rates on the company’s pass-through and interest-only securities remain elevated."
Estimates Q4 GAAP net loss of $0.27 per share, which includes an estimated $0.49 of net realized and unrealized losses on residential mortgage-backed securities and derivative instruments.
Estimated book value per share of $4.34 per share at Dec. 31, 2021 vs. $4.77 at Sept. 30, 2021.
As a result, estimated total return on equity for the quarter comes to negative 4.9%.