Back up loan program in trouble

[Rich Weese]

One of the ways we've been able to avoid the 4 mortgaged properties problem is by building a relationship with our local smaller, commercial banks. Amid some of the good news in lending is these problems. There are supposedly many more small banks that will fail in near future.
I'd suggest you read the article if this is part of your program and then study HARD the financials on banks you're doing business with. If you're just starting to build a relationship, check various options in your area. The % of failures is increasing, will continue to do so and that stress test might cause more problems.
Just a word to the wise to pay attention, before you waste a lot of time on banks with scary financials. Rich in FL.

http://www.twincities.com/business/ci_13353218