The number is based on the approval numbers given in the article, but yep, there's been a big drop-off in that segment of our business. From my side the only way to shift the numbers is market share; I can't make more sales happen - although I did do a round of talks at the beginning of the year to "my agencies" to try to do just that. (Actually, looking at how we've gone so far this year, that might have worked)
If it wasn't for the fact that I knew a correction had to happen sooner or later and had been building other market segments, I would have been in big trouble right now. And in saying I was kinda expecting it, I don't think anyone expected it to be as severe as it has been.
I've had to really get my hands in and run a tight ship through this.
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