Provident Financial Holdings, Inc. (NASDAQ:PROV) Q4 2020 Earnings Conference Call - Final Transcript
Jul 29, 2020 • 12:00 pm ET
to remix the costing liabilities, if you will. So there's a net benefit there.
With respect to the loan side, I think, everything on the loan side, outside of single-family refinance activity, there's been a cautionary note. I think all of our competitors have tightened underwriting a bit. When they're thinking about multifamily and commercial, I think, there's been less activity from borrowers and applicants because the environment that we're in. And so we're not really seeing anything out of the ordinary there as it relates to competitors and how aggressive or maybe not aggressive they are in that multifamily and commercial real estate space. But certainly, there's going to be those that are doing single-family refinance and are going to see significant volumes, although that's primarily going to be fixed rate driven.
Thank you. There are no questions in the queue. Please continue.
Well, if there are no further questions, I want to thank everyone for participating in our call today. And we look forward to talking to you next quarter. Thank you.
[Operator Closing Remarks]