We continue to closely manage our expenses. A significant portion of the year-over-year increase in expenses resulted from restructuring costs related to implementation of expense management program we announced last quarter and elevated variable costs to support our record home lending business volumes. As we've previously discussed, our efforts have been to manage expenses so that we can allocate investments to our strategic growth initiatives.

Oct 22, 2020 / CEO / receipt, needs a key / Steve Stonauer, CEO | earnings call 2020-10-22 | transcript 444d304a-e601-4632-9800-3c14f7c090db | chars 7497-7947 | segment 7