{"id":191467,"date":"2009-08-14T15:35:00","date_gmt":"2009-08-14T20:35:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/08\/14\/will-this-bank-make-tonights-list\/"},"modified":"2009-08-14T15:35:00","modified_gmt":"2009-08-14T20:35:00","slug":"will-this-bank-make-tonights-list","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/08\/14\/will-this-bank-make-tonights-list\/","title":{"rendered":"Will This Bank Make Tonight&#8217;s List"},"content":{"rendered":"<p>There are reports that <a href=\"http:\/\/money.cnn.com\/2009\/08\/14\/news\/companies\/colonial_bancgroup\/index.htm?postversion=2009081416\">Colonial BancGroup is near collapse<\/a>, and desperately attempting to sell itself off to BB&amp;T.<\/p>\n<p>If it fails, it would be the largest failure so far this year, and the 6<sup>th<\/sup> largest bank failure ever.<\/p>\n<p>Of note is the fact that if the bank fails, then about <a href=\"http:\/\/money.cnn.com\/2009\/08\/14\/news\/companies\/colonial_bank_fallout\/?postversion=2009081414\">25% of all &#8220;warehouse lending&#8221; goes away<\/a>.<\/p>\n<p>Warehouse lending is a form of short term lending used most often by folks like independent mortgage brokers.<\/p>\n<p>There would be some real repercussions here in the housing market, even with independent brokers having a much smaller piece of the pie than they did 3 years ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are reports that Colonial BancGroup is near collapse, and desperately attempting to sell itself off to BB&amp;T. If it fails, it would be the largest failure so far this year, and the 6th largest bank failure ever. Of note is the fact that if the bank fails, then about 25% of all &#8220;warehouse lending&#8221; &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1088,985],"tags":[],"class_list":["post-191467","post","type-post","status-publish","format-standard","hentry","category-finance","category-real-estate","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191467"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=191467"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191467\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}