– and briefly solvency management is basically most of the lenders are just grossly upside down. The lenders would probably be all out of business, had the government not stepped in and bailed them out with the 800 billion or so in bailout money, and the government also relaxed the mark to market standards. In other words, say if the lender has a 50 billion dollar portfolio of loans, if the mark to market was still in place the government was still in place, the government could step in and say, “Look guys, if you had to sell this portfolio of loans, what’s it worth”, and some other bank could take a look at it, and say, “Well gee I’d give you 30 billion dollars for this 50 billion dollar portfolio”. Well all of a sudden the bank has zero equity if they actually took that loss. So to prevent that from happening the government basically relaxed the mark to market standards and said “Well we will let you value these portfolios, just based on the cash flow”. I would argue that’s somewhat improper, but regardless it saved the big lenders for now. My point in solvency management is, the lender no mater what resolution happens; whether it is a short sale, whether its a deed in lieu, whether its a loan modification, or foreclosure, at a certain point in time the lender takes that paper loss and turns it into an actual loss. The lender can’t take those all at the same time, so they have to provide those and space those out over time. You may have heard some of your clients say “Well I applied for a loan mod, and they lost my paperwork six times”. That is effectively where the lender says, “Gee I’ve done all the loan mods I can do this accounting period, this month, this quarter, and I can’t do anymore, I can’t take any more losses in this particular area, so tell the people we’ve lost your paperwork, essentially re-apply for that loan mod, next month, next quarter, next year “. That’s the solvency management aspect of the balance sheet portion of the lenders decision making model.