Yes, I can speak to the foreclosure side. We deal with the first-time homebuyer and of course that does represent small down payments and naturally the highest risk segment of the market. We've seen an overall decline in the number of foreclosures over the last number of years.
Now that's obviously a function of both the strength of the economy and the housing market, and we know from experience that unemployment is the key driver of mortgage default and claim or foreclosure. Obviously, with the economy doing as well as it has been that has helped, but even when you go back in time to, say, the 2007 or 2008 time frame, our delinquencies were only marginally higher than what you heard from Alex as far as the overall CBA delinquency rate, and it improved over that period of time. That is a testament to a number of the changes that the government made that, as I referenced earlier, were positive and took out some of the marginal risk in the market.
We're at a danger now, as you alluded to, of tipping it too far by going any further. Those changes that were made early in the years of 2007, 2008, 2009, 2010, and 2012 were good changes and have helped to improve the overall performance of mortgages in this country, including the highest-risk mortgages or low down payment mortgages.