Q2 2022 PennyMac Mortgage Investment Trust Earnings Call Transcript

Feb 11, 2024

Aug 02, 2022 / 08:30PM GMT
Isaac Garden - PennyMac Financial Services, Inc. - VP of IR

Good afternoon and welcome to the second quarter earnings discussion for PennyMac Mortgage Investment Trust. The slides that accompany this discussion are available on PennyMac Mortgage Investment Trust's 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 second quarter 2022 results.

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

Thank you, Isaac. PMT reported a net loss of $81.2 million or $0.88 per common share for the second quarter as fair value declines in its Credit Sensitive Strategies due to continued spread widening more than offset strong performance from its strategies, excluding

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