Starting today, we are trying something new: borrowers are no longer requested to propose a maximum interest rate in their loan applications. Instead, lenders may bid to fund loans at the rates they believe are fair and reasonable, up to a maximum of 15%. This is the first time that lenders, rather than borrowers, have had the responsibility to determine at what rate loans are funded. Our hope is that the additional flexibility will make participation attractive to a wider variety of lenders, resulting in more funding availability overall. We will monitor the effect of this change on funding volumes and average interest rates, and continue the new policy as long as the net effect is positive.