negative equity who may be at risk of default, has no way out other than to potentially default, particularly if they're stressed on their mortgage payments and barely surviving to be able to refinance. the investor would then decide to write down a portion of the principal balance, and refinance the loan into a new fha loan which goes up to a little over 97% of the value. >> okay. >> that borrower, then, can refinance. so, they need to call -- when we roll the program out, which is still not for a couple months at this point, when it's officially ready to be introduced, they can -- they'll be able to call their servicer -- >> yeah. >> -- who will negotiate with the investor. if the investor believes the borrower is going into default, they write down the principal balance and they get a new fha loan, and they get to stay in their home, and everybody has a secure marketplace. >> here's where i was wrong, if responsible roger is not struggling with his loan, there's no hardship, his house is underwater and he's got a job and can pay it, he's not getting