New York Mortgage Trust, Inc. (NASDAQ:NYMT) Q4 2023 Earnings Conference Call February 22, 2024 9:00 AM ET

Company Participants

Christy Moussalem - Investor Relations.

Jason Serrano - Chief Executive Officer

Nick Ma - President

Kristine Nario - Chief Financial Officer

Conference Call Participants

Jason Weaver - Jones Trading

Bose George - KBW

Matthew Howlett - B. Riley

Cory Johnson - UBS

Eric Hagen - BTIG

Operator

Good morning, ladies and gentlemen, and thank you for standing by and welcome to the New York Mortgage Trust Fourth Quarter 2023 Results Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be opened for questions. [Operator Instructions] This conference is being recorded on Thursday, February 22, 2024.

I'd now like to turn the call over to Christy Moussalem, Investor Relations. Please go ahead.

Christy Moussalem

Thank you all for joining New York Mortgage Trust's fourth quarter 2023 earnings call. A press release and supplemental financial presentation with New York Mortgage Trust fourth quarter 2023 results was released yesterday. Both the press release and supplemental financial presentation are available on the company's website at www.nymtrust.com. Additionally, we are hosting a live webcast of today's call, which you can access in the Events and Presentation section of the company's website.

At this time, management would like me to inform you that certain statements may during the conference call, which are not historical, may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although New York Mortgage Trust believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors and risks that could cause actual results to differ materially from expectations are detailed in yesterday's press release and from time to time in the company's filings with the Securities and Exchange Commission.

Now at this time, I would like to introduce Jason Serrano, Chief Executive Officer Jason, please go ahead.

Jason Serrano

Thanks, Christie. Welcome to New York Mortgage Trust fourth quarter earnings call. Also joining me is our President, Nick Ma and our CFO, Kristine Nario. After the Fed Chair surprised dovish commentary late in the fourth quarter, much relief was immediately provided to the market in the form of lower medium term rates. However, the market gave back much as a relief after the latest key footprint [ph], which was more than a two standardization event from market expectations, with these generations, economists continued to update models with forecast to predict the likelihood and timing of a soft landing or recession.