However,, naturally, borrowing from the bank tightened, exactly what occurred is actually second
Therefore these people were financing that were not gonna be securitized because of Federal national mortgage association, Freddie Mac computer, otherwise thanks to government financing, Ginnie Mae Securities, that is FHA funds, Virtual assistant financing, and you will USD rural houses finance
Tim Peterson: Most of the markets have been in that, most of the larger, a lot more aggressive places, and that are everywhere away from Washington to your top variety of Tx, the new Denver business, Utah, [crosstalk ]-