We know it has had a really significant impact on first-time homebuyers. We know that was the intent. A lot of people have been knocked out of the market. The numbers vary from region to region. Of course it was also put in place not because we're trying to protect affordability or really address house prices but to address a bigger overall financial system stability problem.
Now we're seeing the effects are varied, depending on the region. The regions that could least afford to handle it—in other words, those with bigger economic problems and not with a housing problem—are finding more and more potential homeowners who have been knocked out of the market, so you have this potentially dangerous cycle of what that's doing to the national economy when in many communities the residential construction industry is the largest industry in the area.
How do we deal with that? It's tricky right now so that's why we're trying to find options that are risk-free from a stability perspective but still will enable first-time homebuyers to get into the market for their own financial futures as well as the benefit of the overall community.