Everybody thinks the market is going to crash.

And one of the reasons they think the market is going to crash

is because of everybody who had to go

into full-barrens agreements, right?

And I try to tell people a year ago, like, look,

that don't mean anything.

They're going to do everything in their power

to make sure that these people don't fall close.

But if you look at the data, right, if you look at the data,

as of last week, four-barrens are down 11 straight weeks,

that's number one.

So people are exiting these four-barrens plans

and paying their mortgage on top, which is a great thing, right?

The number of borrowers and four-barrens

is now 2.1 million.

Compared to last year, when it was over 4 million people,

Joan of last year and four-barrens, half of that

is now out of four-barrens and back to paying their mortgage.

Now, if you look at how many loans are in four-barrens,

Fannie Mae and Freddie Mac, which is basically

conventional mortgages, have about 2% of their portfolio

that are in four-barrens is right now.

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