Operator

Good day, everyone, and welcome to the Consumer Portfolio Services 2026 First Quarter Operating Results Conference Call. Today's call is being recorded. Before we begin, management has asked me to inform you that this conference call may contain forward-looking statements. Any statements made during this call that are not statements of historical facts may be deemed forward-looking statements.

Statements regarding the current or historical valuation of receivables because dependent on estimates of future events are also forward-looking statements. All such forward-looking statements are subject to risks that could cause actual results to differ materially from those projected. I refer you to the company's annual report filed March 16, 2026, for further clarification. The company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, further events or otherwise.

With us here is Mr. Charles Bradley, Chief Executive Officer; Mr. Danny Bharwani, Chief Financial Officer; and Mr. Mike Lavin, President and Chief Operating Officer of Consumer Portfolio Services.

I will now turn the call over to Mr. Bradley.

Charles Bradley
CEO & Chairman

Thank you, and welcome, everyone, to our first quarter earnings call. And looking back at the quarter, I think sort of going through the basic things. We -- our securitization program continues to run really well. We did another securitization, $345 million, well received. No problems at all. So it's very good that, that program remains consistent. We'd like to see the interest rates come down a little more. But overall, being able to buy a lot of paper and sell it all to Wall Street is one of the most important things we can do.