Well, the process is this. A consumer would come into the bank and ask for a mortgage on a home. The lender would ask how much of a down payment the consumer has. If it's less than 25%, it would require that the information not only be taken by the lenders to be put in their system, but they would also purchase insurance so that if there's a default on that loan, our company would have the reserves to pay back the bank or the lender.
On May 29th, 2006. See this statement in context.