So Owen Lee, I hear we have some pretty big news that happened.

And that's a great question.

Is it big news or is it really sound like big news?

It's not really any news at all.

Like where do we stand with this thing?

I think it's huge news and I'll give you a couple of reasons because this kind of consolidation

and corporate purchase is a sign of optimism and growth in our industry.

And we had a lot of optimism in growth in 2019, 2020, 2021.

Since December 31st, 2021, we haven't had a lot of optimism and growth.

But this is sure a corporate merger or purchase that is based on optimism and growth

and belief in the long-term viability of the mortgage industry at a high, high level.

So in case somebody's been on the moon.

They've been under a rock.

Under a rock somewhere.

Talk about what happened and, you know, how big of is it?

And what the big type message of this, which frankly, at first glance, would not be apparent.

Well, it's a huge confirmation of a new way of doing business and a technological-based way of doing business.

And of course, we're talking about Rocket Mortgages purchase of Redfin, the large real estate information mortgage, a little bit of real estate sales firm. Early this week, in the week

that we're recording this, Rocket Mortgage purchased Redfin for $1.75 billion with a B dollars, which is a huge amount, literally 115% premium over Redfin's previous day closing on the stock market.

So oftentimes when there's a corporate merger, you know, a company might bid 20, 25, 30% premium is kind of typical.

This was 115% premium and blows the deal.

And Rocket, you know, obviously they're branching out, but their primary business, by far their primary revenue driver is still

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