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And consistent with prior quarters, we favored high-quality prepayment-protected collateral with durable cash flows. So there's kind of an incentive feestructures with these providers and given how low origination margins are in the industry, the repurchase of the MSR back at a discount is effectively assuming that origination.
Obviously, this was stronger than our guidance of a dollar in accretion and reflects very favorably on the performance of the MSRs we acquired as well as limited exposure to contingent liabilities after extensive diligence. Now, let's turn to Slide 12. So, let's dive into equity where we had a record level of 2.7
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