I think with fannie and freddie, they own half the houses in the country and want more. Anyone making new mortages with cheap money, down home prices, and 10%+ down-payments be doing well. Probably why BAC wants to dump $1B worth of underwater and non-performing loans. They want to make new mortages. Can't have super-inflation without home prices going up. BAC has gains in their BLK sale to offset the loss this Q.