dr. chaplan, your recognized for five minutes. >> [inaudible] >> if you'd turn on the green light there, yes. and pull it a little bit closer. >> okay. i'd like to thank you all for permitting me to testify regarding fha's mutual mortgage insurance fund. my message is somber and intended as a call to arms. the issue is serious and risks great. the risks are not properly accounted for in the reports. there's a far higher probability than currently projected that a large bill will be due taxpayers that fha backed home buyers will face foreclosure and congress will be called upon to recapitalize the fund. history will judge us poorly if we bury our heads in the sand. the time is most definitely not on our side. there are two crucial steps fha can take to bettering the for -- better account for the risks is takes and safeguard the insurance funds. first is fill a profound gap in the actuary review. this makes it impossible currently to answer basic questions such as one, what proportion of recent backed borrowers have already defaulted? two, how many such borrowers remain at serious risk of