Guest Post: My lender is toast- do I need to pay my mortgage now, and to whom?

Today Twist from Housing Doom shares with us some information on an all-to-common question in light of the recent spate of mortgage company closures. Thanks Housing Doom! With Tucson based First Magnus filing for Chapter 11, the Arizona Daily Star thought it would cover the very pertinent question of "What do I do about my mortgage payment now?" On September 4th the Mortgage Implode-o-meter was reporting 145 imploded lenders, so obviously this is a question of interest beyond the borders of Tucson. Of particular note was the importance of HELLO and GOODBYE letters: Some borrowers [might be] wondering what might happen to their loans, and where they should be mailing their future monthly checks. Luckily, there is a document ? probably buried somewhere in borrowers' packets of closing ma