This equates in theory to $675 billion in equity, which our customers could access should they want or need to monetize this value. Even in a higher for longer scenario, cash out refinances and home equity loans should be a steady recurring source of business for us and value for our customers. The last thing I'd like to cover is to share a little more information about the composition of our revenues related to Jay's comments about the growing importance of fee income coming from subservicing, master servicing and other client-related businesses. If you'll turn to slide 10, you can see the percentage contribution of owned servicing, originations and fee income to our total revenue. Fee income is generated by a number of businesses, the biggest of which is our market-leading subservicing platform, but other client service related businesses contribute fees as well, including master servicing, special servicing, partnership and technology solutions in Xome.