Thoughts on what kind of housing policy in your estimation is needed?

This is basically like if your housings are for a day, what would you do? There are a multitude of things.

I think on day one, I would look at some areas where you can try to streamline and expedite things.

Like for example, a GSE streamline refinance makes a lot of sense to me.

I think there's a reason why that's there.

That refinancing on that end, I think is something that's good for the homeowner and it's good for the economy.

It's a bottom-up economic stimulus.

Thoughts on the bill and where we go from here?

What are your thoughts on that? And when does that really start to rear its head and really matter?

Look, I think that in practice, what the Doge is doing is important.

And I think it's good, right? I think it's something that we should have been reviewing regularly anyway.

Danny, right? There's undeniably fraud, waste, and abuse throughout the federal government.

And Doge started as a bipartisan idea.

I think that the way it's being operated now is meant to instill fear.

I think it's meant to hasten the natural attrition that we were going to see in parts of the federal workforce.

And would you say that part of the move potentially in the mortgage spreads has been a result of the talk potentially of this move in privatization? I

Isaac, anything you want to add?

Yeah, a bunch of stuff.

I mean, you know, look, number one, and it's a general point, deficit hawks are the most endangered species in D.C., so I couldn't agree more.

Spending is going up.

That's just the easiest and absolutely dead right call.

That's that's number one.

Number two, in terms of deregulation, I think just for investors, it's important to highlight that just two points.

Elliot,

Isaac, what do they look like?

I think it's going to be a busy day.

I think that there's an enormous amount of anticipation around what we're going to see on Monday.

I do want our clients in general to be aware that just because it doesn't come out Monday doesn't mean it's not going to happen.

I think that there is a bit of a logjam there in terms of all the different things they want to do.

From my seat, I think you're going to see a fair amount of paper focusing on immigration and border security.

I think that that's one area where he's consistently said he wants to focus, and I think that there's some administrative levers that he can pull.

I don't really understand what the holdup is.