MFA Financial, Inc. (NYSE:MFA) Q1 2022 Earnings Conference Call May 4, 2022 10:00 AM ET
Company Participants
Hal Schwartz – Senior Vice President, General Counsel and Secretary
Craig Knutson – Chief Executive Officer and President
Steve Yarad – Chief Financial Officer
Bryan Wulfsohn – Co-Chief Investment Officer
Gudmundur Kristjansson – Co-Chief Investment Officer
Conference Call Participants
Mike Smyth – KBW
Steve DeLaney – JMP Securities
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the MFA Financial, Incorporated First Quarter Earnings Conference Call. At this time, all participants lines are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the conference over to Hal Schwartz. Please go ahead.
Hal Schwartz
Thank you, operator, and good morning, everyone. The information discussed on this conference call today may contain or refer to forward-looking statements regarding MFA Financial, Inc., which reflect management’s beliefs, expectations and assumptions as to MFA’s future performance and operations. When used, statements that are not historical in nature, including those containing words such as will, believe, expect, anticipate, estimate, should, could, would or similar expressions are intended to identify forward-looking statements.
All forward-looking statements speak only as of the date on which they are made. These types of statements are subject to various known and unknown risks, uncertainties, assumptions and other factors including those described in MFA’s Annual Report on Form 10-K for the year ended December 31, 2021, and other reports that it may file from time to time with the Securities and Exchange Commission.
These risks, uncertainties and other factors could cause MFA’s actual results to differ materially from those projected, expressed or implied in any forward-looking statements it makes. For additional information regarding MFA’s use of forward-looking statements, please see the relevant disclosure in the press release announcing MFA’s first quarter 2022 financial results. Thank you for your time.
I would now like to turn this call over to MFA’s CEO and President, Craig Knutson.
Craig Knutson
Thank you, Hal. Good morning, everyone. I would like to thank you for your interest in and welcome you to MFA Financial’s first quarter 2022 financial results webcast. With me today are Steve Yarad, our CFO; Gudmundur Kristjansson, and Bryan Wulfsohn, our Co-Chief Investment Officers and other members of senior management.
The first quarter of 2022 was a very challenging period for fixed income investors and exceptionally so for mortgage investors. Although a Fed tightening cycle has been anticipated since the fourth quarter of 2021. The expectations of the timing and magnitude of this tightening have undergone massive revisions.