I'm sorry about that.
I'd like to thank our witnesses for taking the time to speak with the committee today. Having the two largest mortgage underwriters in Canada here is very valuable.
Before I ask my questions, I'd like to point out that both of our witnesses passed CMHC last year in market share for underwriting of mortgages, in part due to CMHC's mismanagement in making their rules even tougher for first-time homebuyers, a rule that CMHC later came to regret, as is easily proven by the fact that they reversed their decision.
My first question is for Mr. Levings.
How did you overtake CMHC as Canada's number one lender for mortgage insurance?