|Kaitlyn Mauritz||Investor Relations|
|Michael Nierenberg||Chairman, Chief Executive Officer& President|
|Nick Santoro||Chief Financial Officer|
|Tim Hayes||B. Riley FBR|
|Doug Harter||Credit Suisse|
|Kevin Barker||Piper Jaffray|
Good morning. My name is Lausanne and I will be your conference operator today. At this time, I would like to welcome everyone to the New Residential First Quarter and 2019 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. And after the speakers' remarks, there will be a question-and-answer session.