off perfectly good transactions. take a look at the gses. the gses have all but eliminating low down payment transactions for an average credit score borrower. access to a home loan at a reasonable price is difficult to attain using a freddie mac or fannie mae loan, for an average credit score borrower. low-level price of judges, adverse market these, mortgage insurance, all of these additions have produced a portfolio that adds -- a report just released by the federal reserve said quote implies no risk-taking. but today the gses are virtually printing money. the excess profits reflect -- put them down in the treasure and this is all coming out of cost of homeownership in the broader economic recovery. it's a classic case of overcorrection, and it's gone too far. it's not an exaggeration. this data supports it or i want to give you just one variable on the data that was just released