Now the market takes these mortgages for granted, and we've kept on pushing the limits, like our Flexible 97 loans. When we lower mortgage costs, that also expands your market. When we launched DU, we promised it would reduce your costs by a thousand dollars per loan. We're almost there. And every time we save home buyers money, we also expand the market to more families, especially those on the edge of qualifying.
Lower costs equals more home buyers.
We exist in the market to lower costs. And during the global credit crunch last fall, we saw what a difference Fannie Mae can make. Most of you know about the credit crunch of 1998. If you're in the jumbo market, you know what I mean. This translated into real savings for your customers.