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But their asset books are clogged with bad debts and repossessed property.
Was it a mistake when city officials gladly repossessed property for back taxes, creating more car parks and derelict buildings, instead of working with landlords and homeowners?
It would lose money in cases where a mortgage holder defaults, and a repossessed property is sold for less than the outstanding mortgage value, even after the mortgage holder's deposit is wiped out.
So far Fee has not had occasion to call in a foreclosure attorney or try to sell repossessed property.
A repossessed property will eventually be sold, albeit at a discount.
Plans include easing the sale of property-backed securities and the purchase by the state of repossessed property worth ¥380 billion ($3.1 billion).
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Bankia, a collection of seven failed banks rescued with a €19bn government bailout, sells its repossessed properties through BankiaHabitat.
Bankia, a collection of seven failed banks which recently sought a €19bn government bailout, sells its repossessed properties through BankiaHabitat.
But many mayors say the market is not moving quickly enough because lenders overwhelmed by foreclosures are not able to sell repossessed properties fast enough.
Ms. White said she had so many repossessed properties in her listings that it was just efficient to rent a bus and show them as a group.
After the credit crunch in 2007, the Co-operative Bank, which took over Britannia, appointed receivers, and was forced to keep Wahi's repossessed properties on its books.
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CEO of Professional Science Editing for Scientists @ prosciediting.com