effects of the talk about tapering and rates going up, in the third quarter numbers are in jvm jason voss a report really devastating reductions in mortgage revenues. chase down 60 some%, wells fargo down 63. i think a few of the smaller regional banks reported yesterday and their lone falloff hasn't been as great. those numbers certainly give you pause. why is that? refinancings as jay said have really dried up and people are hoping that with sales prices increasing, that purchase mortgages were you actually buy a house would replace the lost volume and refinancing. that hasn't really happened. the reason jay mentioned this in june that the fed started talking about saying that they would taper, signaling an end to bind down the market, rates went up. why am i slightly annoyed at this? because the result was a big companies like the one i just mentioned, thousands of people not fired. at the top of the market, when mortgage market was at its peak and mortgage market employed just a little bit over 500,000 people. at the bottom of the market, less than 250,000 people. so you can see what