Just to be clear, what I was saying was that there's no direct quantitative effect between the size of settlement balances and the number of mortgages that are written in this economy. Banks don't need settlement balances or QE to write mortgages, and when we go to QT and we're reducing the size of our balance sheet, banks will continue to write mortgages.
That said, lowering interest rates, using forward guidance, supplementing that and reinforcing that with QE, all worked to lower interest rates and lower mortgage rates, and that definitely has contributed to the strength we've seen in the housing market. Our economy needed that stimulus. The economy has now recovered, and we're now on a path to normalizing monetary policy.