What happens to all the mortgagors and their ability to pay their

no_hypocrisy

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Tue Mar-13-07 10:12 AM
Original message

What happens to all the mortgagors and their ability to pay their

mortgages if their mortgage company goes bankrupt?

http://quote.bloomberg.com/apps/news?pid=20670001&refer=&sid=aY3mu1qdRq94

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BlueManDude

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Tue Mar-13-07 10:20 AM
Response to Original message

1. you still have to pay your mortgage, just to some other entity

Edited on Tue Mar-13-07 10:21 AM by BlueManDude

FDIC or some other private company.

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Atman

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Tue Mar-13-07 10:21 AM
Response to Reply #1

2. There is always another fund willing to buy the paper

You just may have to send your mortgage check to an address in Beijing.

.

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Sammy Pepys

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Tue Mar-13-07 10:22 AM
Response to Original message

3. Some other mortgage company will probably scoop them up..n/t

...

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