I think the whole panel concurred that because of much more effective underwriting, the multifamily programs were credible, durable, and, in fact, contributed significantly...
if you look at the luxury market for residential, there is no problem there, there has never been a problem.
we are underbuilding given the projected demand, significantly; that even with this program that is working effectively, we need to do much,...
But one of the premises is 10-percent private capital up front. The question is: Is that sufficient? Or is it too much?
I think we have got to think harder on some of these issues.
There is another aspect, too, as you alluded to in your responses, that there are times when the market can provide adequate capital.
Thank you very much.
I think it is critically important that from an investor's standpoint, if a servicer is not following their responsibilities under the agree...
I have another question, but I think you have answered all the questions with your last response.
We have to extend the reinsurance program going forward.
In the absence of TRIA, we wind up creating a gaping hole in that plan.