Ivan Kauffman | President and Chief Executive Officer |
Paul Elenio | Chief Financial Officer |
Steve DeLaney | JMP Securities |
Jade Rahmani | KBW |
Stephen Laws | Raymond James |
Good morning, ladies and gentlemen and welcome to the Third 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 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.