Joe Fagan

Former Soccer Star, Now Soccer Fan

March 21, 2019

Why Mike Nierenberg is Influential in the Mortgage Business

Mike Nierenberg has worked with Bear Stearns beginning in 1994. He has also held positions at JP Morgan. Many positions helped him acquire the knowledge needed to excel in the mortgage business. He also worked at Lehman Brothers to help build their mortgage business. He worked at Lehman Brothers for seven years. As of 2013, Mike Nierenberg became the CEO of New Residential Investment Corporation (NR). The company is worth over $6 billion. As CEO, Nierenberg has participated in a lot of earnings conference calls that would inform Many financial news institutions regarding earnings made by NR. NR has mortgage servicing rights in portfolio.

Mike Nierenberg show confidence in his company in 2014 when he purchased 1 million shares of NR’s stocks that was worth at that time $6 million. For investors, it might be a buy signal when Nierenberg invest in his own company with a significant amount of money. It could translate to the company may do well or he might consider the stock undervalued, but it is a good sign that an individual investor might follow. My people should recognize how the top leadership invests in their companies such as Mike Nierenberg because it could translate to making money. Top leaders would not invest that amount of money if they expected to lose money.

Mike Nierenberg has shown he is the person that everybody looks when they need advice regarding the Mortgage Market. the moves he makes that everybody pays attention to regarding mortgages. They respect his knowledge regarding various topics involving mortgages. National Mortgage News Considers meant to be one of the leaders who will make moves that will shape the mortgage market. With the capability to use mortgage servicing rights in every state in the United States, it allows Mike Nierenberg to be very influential in how people perceive the use of mortgage-backed instruments as an investment.

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February 27, 2019

Stream Energy Creates Stream Cares

Stream Energy is showing how much it truly cares. The Dallas-based energy supplier has witnessed one of the biggest disasters right on its doorstep. Hurricane Harvey caused widespread destruction in Texas, and in response, Stream Energy set up its own charitable wing of the company. Stream Cares has been created to deal with the company’s philanthropic work.

While Stream Cares had been giving generously for over a decade, it marks the formal beginning of the charitable side of the organization. Stream Energy has worked in the past with global charity organizations. It has helped with projects with the Red Cross, the Salvation Army, and Habitat for Humanity. Its latest partnership is with a more local charity. Hope Supply Co focuses its efforts on homeless children. Homelessness is a huge problem in Dallas, and the effect it has on children is sometimes overlooked. Hope Supply Co supplies schoolbooks, clothes, food and even diapers.

Stream Cares recently organized a day out for some of those children. Stream Cares employees took the group to a water park. It was the first time many of the kids had experienced something like it. It was also a chance for the employees to show how much they care. It is sometimes easy for companies to just write a check for charities, but Stream Energy employees wanted to help out with their time.

It was not the only event Stream Energy has organized for children and their families. A lunch was hosted for veterans and their families, and a recent event gave ten daughters of veterans the chance to take part in the American Girl Doll Experience. Stream Energy paid fully for both events. The company will continue to look for ways to give back to the communities that it serves. It is all part of its larger commitment to make charity work one of the main things that it is known for.