Wondering what is going to happen to you now that your Lender is Kaput?
Do not fret… don’t worry at all… in fact, get ready to make your September payment as scheduled. Just keep your eyes open for your letter regarding who will be servicing your loan from now on.
Sometimes an investor will change their servicing agent and gets someone else to do it for them. So be ready for your next month’s payment. It will be due to someone even if your "lender" shut its doors.