Thank you very much for the question. Virtually 90% of our business is the first-time homebuyer. We define that first-time homebuyer as someone who doesn't put a 20% down payment. That is the first-time homebuyer we provide insurance to. They may move on, they may sell their property, and they may not require mortgage default insurance in the event that they move up and are able to put the 20% down payment, but I would characterize our consumer profile as very much that first-time homebuyer.
They may stay with us. They may stay on that property. Our coverage is for the life of the loan, but if they were to move on to a different property that doesn't require mortgage default insurance, they would no longer have a need for it.
The majority of our business, sir, is very much the first-time homebuyer market.