On the first-time homebuyer market, the insured segment, I want to talk a bit about the due diligence that is undertaken. It's essentially a dual underwriting that happens in Canada, with the lenders underwriting the first-time homebuyer, and then secondly, the mortgage default insurer doing a review and re-underwriting the file.
I referenced earlier an average credit score of 753. Contrast that to seven or eight years ago when the equivalent score was about 700. It's a tightly regulated marketplace and it's a tightly underwritten marketplace. Frankly, it has performed quite well over the last 10 to 20 years. I'm entirely motivated to have zero default and economically motivated to have zero default. I think it's a particular segment that has performed well. What would cause that to be different would be unemployment.