Operator Good day, ladies and gentlemen, and welcome to the Ocwen Financial Second Quarter 2015 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded. I would like to introduce your host for today's conference, Steve Swett. You may begin. Stephen Swett - Managing Director Good afternoon, and thank you for joining us today for Ocwen's Second Quarter 2015 Earnings Conference Call. Before we begin, please note that a slide presentation is available to accompany today's call. To access the presentation, please go to the Shareholder Relations section on our website at www.ocwen.com and click on the Events & Presentations tab. As a reminder, the presentation and our comments today may contain forward-looking statements made pursuant to the Safe Harbor provisions of the federal securities laws. These forward-looking statements may be identified by reference to a future period or by use of forward-looking terminology. Forward-looking statements, by their nature, address matters that are, to a different degree, uncertain. Forward-looking statements involve risks and uncertainties that could cause the Company's actual results to differ materially from the results discussed in these forward-looking statements. In addition, the presentation and our comments contain references to non-GAAP financial measures such as adjusted book value of equity per diluted share and normalized adjusted cash flow from operations. We believe these non-GAAP financial measures provide a useful supplement to discussions and analysis of our financial condition. We also believe these non-GAAP financial measures provide an alternate way to view certain aspects of our business that is instructive. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company's reported results under accounting principles generally accepted in the United States. For an elaboration of the factors I just discussed, please refer to today's earnings release as well as the Company's filings with the SEC, including Ocwen's 2014 Form 10-K and our first quarter Form 10-Q and our second quarter form 10-Q once filed. Joining me on the call today is Ron Faris, President and Chief Executive Officer; and Michael Bourque, our Chief Financial Officer. Now, I will turn the call over to Ron. Ronald Faris - Chief Executive Officer, President, Director, Member of Executive Committee and Member of Compliance Committee Good afternoon, and thank you for joining us on the call today. I would like to provide a general update regarding the state of the Company. Although it now seems like a long time ago with the time of our last update on April 30th, we have not yet filed our 2014 10-K or first quarter 10-Q. I want to thank our investors for their patience, our counterparties for their support and the Ocwen team of professionals and advisors for their tremendous efforts and sacrifices which ultimately culminated in successful filings. I am pleased to announce that we expect to file our second quarter 10-Q later tonight. As you are aware in the first half of the year, Ocwen was profitable, generating $55 million of pre-tax income and generating cash flow from operations of $535 million. We have been executing on our agency MSR sale strategy, having close sales on the MSRs underlying $63 billion of performing unpaid principal balance per UPB. We also executed our first non-performing MSR transaction on $3 billion of UPB. These deals have collectively brought in $358 million in transaction proceeds and $57 million of net gains. As previously announced, we have used the bulk of the asset sale proceeds to reduce our corporate debt by paying down the senior secured term loan by $341 million, reducing our corporate debt to equity ratio from 1.7 times at the beginning of the year to 1.2 times at the end of the second quarter. More