Q3 2020 PennyMac Mortgage Investment Trust Earnings Call (Pre-recorded) Transcript

Nov 05, 2020 / NTS GMT
Operator

Good afternoon, and welcome to the third quarter 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 third quarter results.

David A. Spector - PennyMac Mortgage Investment Trust - CEO, President & Trustee

Thank you, Isaac. PMT reported net income attributable to common shareholders of $93.3 million, or $0.94 per common share in the third quarter. Our earnings this quarter reflect strong Correspondent Production segment results and a net gain on GSE credit risk transfer investments as credit spreads tighten. PMT

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