Q4 2020 PennyMac Mortgage Investment Trust Earnings Call (Pre-recorded) Transcript
Good afternoon and welcome to the Fourth Quarter and Full Year 2020 Earnings Discussion for PennyMac Mortgage Investment Trust. The slides that accompany this discussion are available from 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. Thank you.
Now I'd like to introduce David Spector, PMT's President and Chief Executive Officer, who will discuss the company's fourth quarter and full year 2020 results.
Thank you, Isaac. PMT produced another strong quarter of financial results and book value growth driven by the continued recovery in the fair value of its GSE credit risk transfer investments combined with strong
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