I got back in at 13.04 after selling at 15.90 and was not surprised by the earnings release. I like the fact that the insider buys continue at $13.69 or so right after the missed expectations. I also like the fact that they are expanding beyond Fannie and freddie and not just waiting for them to release backing. The west coast push seems like a good idea as well. No one likes labor cuts, but it is a necessary move in this day and age. Stock holders expect it when earnings are down. Timing is perfect for the buy IMO.