Paul Elenio | Chief Financial Officer |
Ivan Kaufman | President and Chief Executive Officer |
Steve Delaney | JMP Securities |
Stephen Laws | Raymond James |
Jade Rahmani | KBW |
Rick Shane | JPMorgan |
Ladies and gentlemen, thank you for standing by. And welcome to the Third Quarter Arbor Realty Trust Earnings Conference Call. At this time, all participant lines are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session [Operator Instructions]. Please be adviced that today’s c conference is being recorded [Operator Instructions].