Paul Elenio | CFO |
Ivan Kaufman | President and CEO |
Steve DeLaney | JMP Securities |
Stephen Laws | Raymond James |
Rick Shane | JPMorgan |
Ryan Tomasello | KBW |
George Bahamas | Deutsche Bank |
Lee Cooperman | Omega Family Office |
Good morning, ladies and gentlemen, and welcome to the Second Quarter Arbor Realty Trust Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session [Operator Instructions] I would now like to turn the call over to your speaker today Paul Elenio, Chief Financial Officer. Please begin sir.
Okay.