than just dti. i think as we evaluate dti, we'll see how that affects home buyers and first-time home buyers and how they'll be able to qualify. >> thank you. if you could also maybe include a metric that you would use as a strong performance measure that you might use. >> we use dti to determine what qualifies for us regardless of the type of loan. i think it's very important to be used. however, again, what's being taken out of my hands is personal knowledge of the person sitting in front of me applying for that mortgage loan. >> what threshold might be too dangerous for you? >> you know, i can't really go there. there's always outliers to every circumstance. we're in the lending business. i am here to try to help people improve their lives. so what may work for somebody may not work for another. >> thank you. mr. spencer? >> as borrowers have lower income, those ratios actually need to go down to be conservative. so we actually work far below those standards. we try to stay at 30% and so what's c

it's not just dti. >> thank you. daniel? >> it would be the same response. we couldn't offer it to them at that time and could not serve their needs. >> mr. spencer, you know, we hear from the other side of the aisle quite often that we need to pursue policies to have low and moderate income people be able to obtain a loan, and i certainly agree with that. i was in the business of people entering the home markets. and i see what a difference owning a home makes in somebody's life much as the ranking member shared about moving out of the housing project into a home. so i very much want to do that. do you feel that the qm is going to hurt that goal? >> we believe that not just qm but the specific issues that this addresses gives us certainty in being able to pursue serving these customers, these clients, these partner families. and that certainty is important because we are dependent upon raising dollars to do that, but we also finance parts of our balance sheets by having loans that can be pledged as collateral. now that's not the same as the secondary market

first of all, second of all, i love one of our wonderful ganales and he -- m&aed dog mat dtis, he saidthe enemy gets their females in combat, maybe we can consider this. i'm not going to go into a hand to hand knife fight with an taliban who happened to be female, and they typically are on methamphetamine. so what are we looking at here to prove a point for equality? this is about us winning a war. it's not about equality. it's about having the more efficient readiness team available. what are the odds of the female's attrition that got through? most of my peers when i joined did not go past four years because they suffered so much physically. i have a girlfriend of mine, 29 years old who needs two hips replaced because of the combat load that she carried in her 20s. that's how hard it has been on her physically. >> coming up how realistic is the 2016 goal? and is that the right course in the stage for the military? clearly jesse thinks no. keep sending us your thoughts. julio will get them in two minutes. >> no doubt about it, innovation changes our lives. ♪nnovation changes our lives

are buying these options and the reasons we are buying these options the example one example is the dti camera system which cost about $25,000 per bus and the reason for this is mainly for safety so that we can have a camera system that has the capability to download wireless that we can be able to access inside the bus just in case there is a hostage situation we can see inside the bus what is happening. it has all of these special features that were not included in the seattle contract. >> if i can point to even like the first top of the items that are $1,000 or more, if the charge for tires to have aluminum polished and it's $3,000 more. i'm wondering what the cost benefits of that are in maintenance in reducing maintenance cost. but if you can just give me some example of an item like that? >> okay, for example the aluminum polish, basically we want our buses to look nice. so the aluminum will have, there is less tendency for dirt and dust to attach to aluminum. it's easier to clean that and it's also lighter. so it saves on fuel. some other item here, like the apc, automatic passen

president of the north sea since the dti has its own front of a two minus eight editions. i am thinking that got me the team. some people saw many guests enjoyed a good idea. ugly ugly old woman and does it not. i'm updating a lot into it. to his heart's blood and guts on such and visitors from across the country would prefer to bring in the new unit in the top of the mountains the indigo of the building up a big body with its indicative bid on the coffee and tea cup. best thing i can it's a baby on the night and i get to him they create. i know the mix and add the beans. change your shots inside and be sure to put in and keep doing this business to the last minute shopkeeper said the gifting season has brought them good profits. there was further confirmed unity that it's not nice at the top excited. you have calendars etc i've never been a true also. teams. yes a bid to his destination costs on to others from across the field looking in when the sun but insisted that. with music and honestly the highlight of the show's largest it running downstairs the fist of it all but

i think one of the issues is what happens to jumbo mortgages with dti of 42%. i think support for the lenders again may be willing to take good credits on in this space, a lot of the space is very good credit but i think the ultimate outcome will depend on the extent to which these get challenged in court, and the court's treatment of those challenges. having said that, i think the arctic couple of areas that are very important going forward. not just in the near term but in the next couple of years. they've been touched on a little bit. one is related to appendix q. as it's called, which is adequately detailed guidelines about how to calculate income and debt and assets. and while simple -- it was sort of in concept, it gets incredibly detailed, as it must, about banks ranging from the treatment of self employed borrowers to extended income from extended family members, and so while these are only guidelines, what really happened is there's going to be codifying underwriting guidelines for typical loans. and while that is necessary it also has a real danger of