Thank you, JR.
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quarter. Let's look at how portfolio the the evolves during
risk our retained we we We economics. can you of six, portfolio that hands. the were the securitization, portfolio, But million. would portfolio quarter-over-quarter. performance from done about and CLO since our good on by tightened. that's where non-QM portion securitization, have As our done But XXX sitting the slide start aggressively had credit not result it a as which though quarter grown down look spreads mean the we shrunk phenomenal not year. we This is might sold see of certainly on a doesn't a a Had credit of not had the has just it. had We
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for sense EFC deploy capital advantage securities. made to it and So take and
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Now back to Larry.
