Q4 2021 PennyMac Mortgage Investment Trust Earnings Call (Pre-Recorded) Transcript

Feb 03, 2022 / NTS GMT
Isaac Garden - PennyMac Mortgage Investment Trust - First VP of IR

Good afternoon, and welcome to the Fourth Quarter and Full Year 2021 Earnings Discussion for PennyMac Mortgage Investment Trust. The slides that accompany this discussion are available on PennyMac Mortgage Investment Trust website at www.pennymac-reit.com.

Before we begin, let me remind you that our discussion contains forward-looking statements that are subject to the risks identified on Slide 2 that could cause our actual results to differ materially.

Now I'd like to introduce David Spector, PMT's Chairman and Chief Executive Officer, who will discuss the company's fourth quarter and full year 2021 results.

David A. Spector - PennyMac Mortgage Investment Trust - Chairman of the Board & CEO

Thank you, Isaac. For the fourth quarter 2021, PMT reported a net loss attributable to common shareholders of $27.3 million or $0.28 per common share, driven primarily by fair value declines in its Interest Rate Sensitive

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