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PennyMac Mortgage Investment Trust (PMT) Q2 2022 Earnings Call Transcript

·12 min read
PennyMac Mortgage Investment Trust (PMT) Q2 2022 Earnings Call Transcript

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. 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 the impacts of market-driven fair value changes.