If they are, they're renting them. I don't honestly think they have kept those houses anywhere that has a decent housing market. Maybe like Detroit. To the finance side of a bank, a house is not an asset. They'd rather have their money back and turn around and lend it to someone else. They make guaranteed interest that way, which is more the way they do business. They do have investment arms. But I don't know that they'd just pick up the "unwanted stock".
bonghits4jeebus 1 points 1.9 years ago
If they are, they're renting them. I don't honestly think they have kept those houses anywhere that has a decent housing market. Maybe like Detroit. To the finance side of a bank, a house is not an asset. They'd rather have their money back and turn around and lend it to someone else. They make guaranteed interest that way, which is more the way they do business. They do have investment arms. But I don't know that they'd just pick up the "unwanted stock".