Met Life is concerned about the new regulations affects on their insurance business. B of A is getting out the correspondent business, because they are concerned about the affects Basel III puts on their capital via their servicing valuations. Mason McDuffie is a true mortgage banker, who’s only business is mortgages (not life insurance, not consumer or institutional banking); so we are not concerned with how any new regulations will affect our other business, because mortgage banking is our only business.
Obviously, we will adhere and adapt to any new regulation that affects mortgages, in the best way it can help our customers and comply fully with the various laws and regulations.
Bill Godfery – EVP, Capital Markets