Mr. Campbell: From a mortgage ori-gination standpoint there's probably not much of a chance, but that's simply because you had such a large amount of refi activity in 2001. From a mortgage purchasing standpoint, as it relates to homebuilding in general, we're looking for the housing markets to be roughly flat to slightly down in 2002, relative to 2001. Nonetheless, we're obvi-ously looking for housing activity to remain near the record levels that we set in 2001. So there will be some moderation, although no-thing significant, and by and large we expect that as the economy continues to firm and/or turn up, it should have a positive effect on housing, particularly as we move into the latter stages of the year.
TWST: Joe, how do you see 2002 shaping up, compared to 2001?
Mr. Sroka: I think 2002 should be a good year for the publicly traded
homebuilding companies. Even if the overall housing economy were to be
flat to down slightly, the key thing to keep in mind is that the public
companies are gaining market share, both organically and through some
consolidation activity. I would anticipate that they should outperform
the housing economy in general, and if that's flat to down slightly,
most of the companies should have a good year relative to 2001.
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