We have a view that a true stack risk would obviously be someone with the smallest down payment. In addition, it would include low credit scores, very high debt ratios, and also buying with a single income in the sense that they are the most vulnerable to be at risk in their employment. We certainly know that in our own portfolio, today to afford a home, we see a dominance of double-income families. Two-thirds of our borrowers present with two incomes. That's pretty much almost the only way you can buy in many parts of the country.
On January 30th, 2017. See this statement in context.