Sep 11, 2023 / 06:45PM GMT
Terry Ma -
Good afternoon, everyone. Welcome. Thank you for joining us. My name is Terry Ma. I'm the consumer finance (technical difficulty) Spector, the CEO, and Dan Perotti, the CFO. So welcome...
Daniel Stanley Perotti - PennyMac Mortgage Investment Trust - Senior MD & CFO
Thank you.
David A. Spector - PennyMac Mortgage Investment Trust - Chairman of the Board & CEO
Thank you for hosting us, Terry.
Questions and Answers:
Terry Ma -Yes. So I think we'll just get right into it. Let's start with a mark-to-market in the third quarter. I think you guys put out the August update today. Can you maybe just touch on what you're seeing across each channel and then also just the competitive environment?
David A. Spector - PennyMac Mortgage Investment Trust - Chairman of the Board & CEO
Sure, sure. Well, we -- as you pointed out, we released some August updates this morning. And we're seeing a very good opportunity for us. The market