Welcome and thank you for standing by. A copy of today’s press release is available on First American’s website at www.firstam.com/investor. Please note that the call is being recorded and will be available for replay from the Company’s investor website and for a short time by dialing 402-280-9972. We will now turn the call over to Craig Barberio, Director Investor Relations, to make an introductory statement.

Good morning, everyone, and thank you for joining us for our third quarter 2013 earnings conference call. Joining us on today’s call will be our Chief Executive Officer, Dennis Gilmore; and Mark Seaton, Executive Vice President and Chief Financial Officer. At this time, we would like to remind listeners that management’s commentary and responses to your questions may contain forward-looking statements, such as those described on page four of today’s news release, and other statements that do not relate strictly to historical or current fact. The forward-looking statements speak only as of the date they are made and the Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Risks and uncertainties exist that may cause results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements are also described on page four of today’s news release. Management’s commentary contains, and responses to your questions may also contain, certain financial measures that are not presented in accordance with generally accepted accounting principles, including personnel and other operating expense ratios. The Company is presenting these non-GAAP financial measures because they provide the Company’s management and investors with additional insight into the operational efficiency and performance of the Company relative to earlier period and relative to the Company’s competitors. The Company does not intend for these non-GAAP financial measures to be a substitute for any GAAP financial information. In the new release that we filed today, which is also available on our website www.firstam.com, the non-GAAP financial measures disclosed in management’s commentary are presented with and reconcile to the most directly comparable GAAP financial measures. Investors should use these non-GAAP financial measures only in conjunction with the comparable GAAP financial measures. I’ll now turn the call over to Dennis Gilmore.

Thanks Craig. Good morning and thank you for joining our call. Today I’ll cover the highlights of our third quarter results, review our recent capital management activities, and conclude with a few comments regarding our outlook. I’ll then turn the call over to Mark, who will cover our financial results in more detail. Total revenues in the third quarter were $1.3 billion up 8% compared to the last year. This increase was driven by continued strength in the purchase and commercial markets, as well as growth in our agency business. Our earnings per share were $0.59 per share. This quarter’s results include $7 million of realized investment losses which impacted EPS by $0.04. Our Title Insurance segment delivered strong results with a pre-tax margin of 10.3%. During the quarter, total closed orders per day declined 12% compared to last year, driven by a sharp decline in refinance transactions. Our closed orders per day were up 22% compared to last year, a sign that the housing market continues its recovery. Additionally, we benefited from rising home values with an average fee per purchase transaction increasing up to $1,800, up 7%. Our closed refinance orders per day fell 33% from the third quarter of last year as those interest rates have trended upwards since May. Refinance activity represented 52% of our closed orders in the quarter, down from 66% last year. During the quarter, as our refinance activity dropped, we began to adjust our cost structure. We reduced our staffing levels, including temporary staff by more than 700. These reductions came primarily from our business units associated with refinance transactions. And as we entered the fourth quarter, we are continuing to adjust our cost structure in response to market activity. Revenues in our National Commercial division were $134 million, up 26% from…

Total revenue in the third quarter was $1.3 billion, up 8% compared to the third quarter of 2012. Net income was $64 million or $0.59 per diluted share, compared with net income of $103 million or $0.95 per diluted share in the same quarter of last year. The current quarter results include net realized investment losses of $0.04 per share, compared with net realized investment gains of $0.27 per share last year. The third quarter of 2012 also benefited from certain tax items that favorably impacted results by $0.06 per share. In the title insurance and settlement services segment, direct premium and escrow fees were up 6% compared to the last year, due to a 19% increase in the average revenue per order, partially offset by an 11% decline in closed orders driven by lower refinance activity. The average revenue per order increased to $1,800 driven by the continued shift in the order mix to higher premium resale and commercial transactions. Additionally, the average revenue per order increased 7% for resale transactions and 11% for commercial transactions, reflecting growth in asset values. Agent premiums were up 24%, reflecting the normal reporting lag in agent revenues of approximately one quarter. The agent split was 80.2% of agent premiums, unchanged from last year. Information and other revenues totaled $159 million, essentially flat compared to the last year, driven by higher demand for the company’s default and commercial title information products, largely offset by lower demand for title plant information due to the decline in refinance title orders during the quarter. Personnel costs were $351 million, up 11%, primarily due to higher staffing levels and higher incentive compensation driven by increased revenues. Given the employee reductions that occurred this quarter, the company recorded $8 million of severance expense. Other operating expenses were $205…

Yes, thank you. We will now begin the question-and-answer session. (Operator Instructions) Our question comes from Mr. Mark DeVries of Barclays. Your line is now line is now open. Mark C. DeVries – Barclays Capital, Inc.: Yes, thanks. Can you give us what the refi percentage of closed orders was for the quarter? Do you have that?

Yes. In the third quarter it was 52%. Mark C. DeVries – Barclays Capital, Inc.: And do you have any read on the first few weeks of October?

In October so far we’re running at about 44% and as you can imagine it’s been trending down the last few months. In August it was 51%, in September it was 48%, in October it’s 44%. But refis have pretty much leveled off at this point, at least in last couple of weeks. So I wouldn’t expect it to change too dramatically the next month or two. Mark C. DeVries – Barclays Capital, Inc.: Got it. And I think, Dennis, you indicated you haven’t bought any stock back so far this month. Should we think of book value as being a level at which you’re more likely to be active buying back your stock than where we are now?

Well, I wouldn’t classify that way. The book value is one of the metrics we look at. We also look at DCF. We look at price/earnings and we look at the overall, this market environment we’re operating in. We are going to be opportunistic on our share repurchase as we go forward. Mark C. DeVries – Barclays Capital, Inc.: Okay, got it. And I’m sorry, Mark. Can you also give us just kind of where you are on orders open and closed per day in October?

So far October running about 4,500 a day, 48% of that’s refi. Mark C. DeVries – Barclays Capital, Inc.: Okay. Got it. And just one last question. Commercial, are you guys looking for continued strength in that in 4Q? I guess normally that’s seasonally the best quarter of the year for commercial activity and kind of what’s your outlook for commercial as you go into 2014?

Clearly one of our stronger performing groups we’ve had in the company over the last couple of years. We are going to look for strength into the fourth quarter and carrying on into 2014. So we think it will continue to be a strong performer all the way through 2014. Probably it’s not the same year-over-year growth we saw between 2012 and 2013, but again strong performer. Mark C. DeVries – Barclays Capital, Inc.: Okay, thanks. That’s helpful.

Thank you.

Thank you. (Operator Instructions) Our next question comes from [indiscernible]. Sir, your line is now open.

Great, thank you. Congrats on the quarter guys. Also just going back to, I guess your sensitivity on capital management, I guess did you guys trade in a significant premium to book value, would you guys ever do, I guess special dividends?

We’ll consider it, but it’s probably not our first choice. We’re more focused on the long-term dividend of the business. It’s going to be a key part of our capital management strategy.

Okay, great. And then just secondly, I guess your debt-to-capital ratio, you are kind of just hovering on 12%. Just wanted to see what you guys – what’s your target or where you guys would like to be ultimately?

Well, we think our debt-to-capital ratio of 12% is definitely on the low end. We feel comfortable taking it up to 20%. We think we can sum it a 20% debt-to-capital, still maintain our ratings which are important for our commercial business and our international business. And so we don’t have the near-term plan to take it up. I think over the long period of time we’ll trend towards the 20% level.

Okay, great. And then quickly, this is my last one, would be just the tax rate. It bumped up. It’s little around 40% again this quarter. Just wanted to figure out why it fluctuates on a quarterly basis and where we should try to model that going forward or how do you guys think about it?

The long-term tax rate I would say is 39%. There were some issues that happened this quarter that target to be about 40%, but really the 39% comes from our federal tax rate of 35%. We pay state taxes which is roughly 3% and then there’s permanent differences. There are certain things we can’t deduct for tax purposes like news and entertainment. That adds another 1% and there’s other moving pieces, but I think 39% is a good run rate going forward.

Got you, great. Thanks for your answer guys.

Thank you.

Thank you. Our next question comes from Mr. Brett Huff. Sir, your line is now open. John Campbell – Stephens, Inc.: .:

Good morning.

Hi, John. John Campbell – Stephens, Inc.: Just on a high level view, I mean could you guys just give us your thoughts on the new QM roles, and maybe just your conversation with banks, I mean what they’re saying as far as how well they feel they are prepared for the changes?

Yes, this is Dennis. We’re ready to go I think to our clients. Our customers are going to be prepared to go. So at this point we see really no major impact to the business as we move forward into 2014. Obviously we have to modify our systems for the closing aspect of it, but we see it as kind of business as usual as long as the volume stay in, hang in. John Campbell – Stephens, Inc.: Okay, great. And then, so the NBA is looking. I think they’re at 14% year-over-year growth versus next year, just kind of what they’re estimating. How does that compares to what you guys are seeing internally?

Exactly what we’re looking at right now, we’ve had good growth in our purchase market in 2013, clearly going to be one of our high points, I think going into 2014. We are currently using the NBA forecast right now of 1.1 trillion with a 14% growth rate. That’s what we’re using for our modeling purposes going into 2014 and that fills about right to – slight away from the market perspective. John Campbell – Stephens, Inc.: Okay, great. And then last question. How many shares have you guys bought back to date?

To date about 3 million. John Campbell – Stephens, Inc.: Okay, great. Thanks for taking our questions.

Thank you.

Thank you, John.

We have no more questions. At this time and that concludes this morning’s call. We would like to remind listeners that today’s call will be available for replay on the Company’s website or by dialing 402-280-9972. The Company would like to thank you for your participation and this concludes today’s conference call. You may now disconnect.