We went and purchased these loans back.
Yes.
You changed your strategy.
What you heard today was these loans are delinquent.
If you had seen those emails--you have heard them. I have read them.
Thank you. Senator Kaufman.
You thought they were going to be removed?
You are working for a bank which according to a 25-loans test had almost half reflecting a sale after an investigation has confirmed fraud.
Our Home Loan group should complete its repositioning within the next 12 months.
Not effective. That is what you were told.
These are emails, one after another, delinquency, delinquency, delinquency, we have got to move.