Emily Riley | SVP, Corporate Communications & IR |
Richard Thornberry | CEO & Director |
Franklin Hall | Senior Executive VP & CFO |
Derek Brummer | Senior EVP of Mortgage Insurance & Risk Services |
Mark DeVries | Barclays Bank |
Randolph Binner | B. Riley FBR, Inc. |
Philip Stefano | Deutsche Bank |
Mackenzie Aron | Zelman & Associates |
Bose George | KBW |
Douglas Harter | Crédit Suisse |
John Micenko | Susquehanna Financial Group |
Geoffrey Dunn | Dowling & Partners Securities |
Mihir Bhatia | Bank of America Merrill Lynch |
Ladies and gentlemen, thank you for standing by, and welcome to the Radian's Second Quarter 2018 Earnings Call. [Operator Instructions]. And as a reminder, today's conference is being recorded. At this time, I would like to turn the conference over to Senior Vice President of Investor Relations and Corporate Communications, Emily Riley. Please go ahead.