Q4 2020 Great Ajax Corp Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to the Great Ajax Corp. Q4 2020 Earnings Call.
(Operator Instructions)
I would now like to turn the conference over to your host, CEO, Mr. Lawrence Mendelsohn.
Thank you very much. Thank you, everybody, for joining the Great Ajax Fourth Quarter 2020 Earnings call. Before we get started, I just want to point out everybody on Page 2 of the presentation, the safe harbor disclosures. And with that, and we can get going.
I'm going to do a quick introduction before we get to Page 3. The fourth quarter of 2020 was a good quarter in a lot of ways. Our overall corporate cost of funds decreased by approximately 27 basis points, and our asset-based cost of funds decreased by even more than that, and that's after decreasing nearly 50 basis points in Q3. And in Q1 so far, it's continued to decrease even more.
Our loan performance and cash flow velocity increased significantly which has continued into the first quarter as well
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