Maureen Davenport | Senior Vice President and Chief Communications Officer |
Tim Mayopoulos | President and Chief Executive Officer |
David Benson | Chief Financial Officer |
Joe Light | Bloomberg News |
Bonnie Sinnock | National Mortgage News |
Richard Leong | Reuters |
Welcome and thank you for standing by. At this time all participants are in a listen-only mode until the question-and-answer session. [Operator Instructions] Today's conference is being recorded, if you have any objections you may disconnect at this time. I will now turn it over to your host, Maureen Davenport, Fannie Mae's Senior Vice President and Chief Communications Officer. Thank you.