the next step will to be register lenners at that time loans can be made shortly after that the facilityill be up the facilities -- loans can be sold 95% of the loans across the board can be sold. all of that should happen quickly now. i do think this has been a challenging project but i think we've come to a better place by the way, we're going to adapt further and that's true of all of our facilities. these are unique there's no playbook here you have to draw this up an then try it out we've been very willing to adapt and we'll continue to be >> matt from bloomberg. >> hello, chair powell bookberg news. there was piecemeal forbearance measures put in place in various jurisdiction and mortgage market to prevent banks from foreclosing on debts amid widespread financial hard spreads during the pandemic. with many of those expiring and many businesses and households still in dire financial straits, i'm wondering if any consider to the fed regulatory forbearance or other regulatory measures to prevent businesses from going under just because they can't meet those payments. there have, of co

you may have missed the electric move in home builders with the second leg that started with lenner or the news that apple's ecosystem, this came in to me later today, apple's app store ecosystem facilitated a half a trillion dollars in commerce in 2019 2019, that's a long time ago who knows how much 2020 is bringing, especially with the stay-at-home people. got nothing to do. that -- this virus is a monster, it made us afraid to fly, afraid to go to the restaurants, afraid of air conditioning, afraid of staying at a hotel, made any kind of congregation a risk, that's horrendous for many businesses, especially restaurants and retailers. industries that employ millions of people. you have to wonder what the earnings will look like for all the companies that depend on people going to work, going out, and going traveling. i don't think it is going to be pretty that's why you can't afford to be too positive. it takes a lot of willpower for me to stop myself from going there. the too positive camp believes there will be a break in the pandemic, someone like regeneron will have a treatment t