That is roughly the same amount they earned from credit card lending and mortgages combined.
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The data came from deeds and mortgages filed in town halls.
Profits from mortgages declined, and other areas were flat.
It opens at a time when university and some industry officials believe real estate issues, from mortgages to the environment, are more complex than ever.
Covered bond are backed by cash flows from mortgages or public sector assets.
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The similar saving for consumers is $11 billion, mostly from refinancing mortgages at the lowest rates in 20 years.
Growth is expected from consumer lending and mortgages, which are starting to catch on in Russia.
They have liabilities of $826,000, most of it from mortgages on his real estate, and the campaign put their net worth at $929,250.