David Hisey: Yes. No, John. I mean that’s where the home equity stuff and the institutional real estate business that we acquired at the end of last year. That’s where those orders go there — particularly the institutional real estate is a bit lumpy because it’s all a function of vault purchases and then securitizations. In terms of the average fee per file, the reverse stuff tends to be more like a purchase transaction and then some of the institutional stuff when you buy the deal is like a purchase transaction, but then the securitization tends to look more like a refi transaction. And so it’s pretty lumpy. I would say, fee per file is probably going to be a little closer to purchase just because it’s probably more heavily weighted bulk acquisition and then reverse. But timing of securitizations can sway that quite a bit.
John Campbell: Okay. How would you suggest maybe — I mean I get the lumpiness, but it seems like pretty steadily each month in the quarter you reported a fair amount higher than what you’ve seen on average last couple of quarters. But how should we think about modeling that? I mean do you see just kind of continued momentum and then maybe taking that down next year?
David Hisey: Yes. I mean you have to think about those individual markets. And so if you think about reverse. Last fall, it was a little choppy because you had the capital markets issues and so securitizations weren’t getting done as much. But that’s recovered, and then there’s also better [indiscernible] if you watch the — for the [indiscernible] commercials when you see him on a lot, that usually means reverse is doing pretty well. But when you don’t see him, it’s not doing very good, and we have seen Tom lately because I think that markets continue to come back. The institutional side is still pretty choppy. I mean it’s — if you just think about the rent, price-to-rent ratio and stuff like that, it’s pretty choppy. I mean, my sense is that would continue to get better over time, but it’s probably a slower recovery.
John Campbell: Okay. Makes sense. And then just a 2-part question on the tax rate. I mean, the 33%, it sounds like that was the lower foreign tax credits. But first, from a GAAP standpoint, I think that was like a $0.09 or maybe $0.10 EPS drag for you guys. It doesn’t look like you added that back to your — the reported adjusted EPS metric. So I guess, first, is that right?
David Hisey: Yes, we did not. We tend not to focus as much on the tax stuff. But if you were to normalize it, you’re right, it would be a big impact, like you said.
John Campbell: Okay. That’s helpful. And then secondly, it sounds like you’re viewing that the lower foreign tax credit as a onetime, but then David, I just want to make sure you reiterate that, that expectation that that’s going to normalize moving forward?
David Hisey: No, that’s right. I did say in my script that we expect the tax rate to come back to what we spend historically. We have had some lumpy periods. It just hasn’t been as evident where we probably had $2 million, $3 million similar type adjustments. It’s just — since we had a lower income base, it’s more pronounced this quarter.
Operator: This does conclude today’s Q&A. I’ll now turn the call back over to our presenters for any additional or closing remarks.
Brian Glaze: Well, I want to thank everybody for the interest in joining our call. Thank you very much. Appreciate it.
Operator: Thank you, ladies and gentlemen. This concludes today’s event. You may now disconnect.
