Your loan can be sold at any time. There is a secondary mortgage market in which lenders frequently buy and sell pools of mortgages. This secondary mortgage
market results in lower rates for consumers. A lender buying your loan assumes all terms and conditions of the original loan. As a result, the only thing
that changes when a loan is sold is to whom you mail your payment. If your loan has been sold, your existing lender will notify you that your loan has been
sold, who your new lender is, and where you should send your payments from now on.

If your lender goes out business, you are still obligated to make payments! Typically, loans owned by a lender going out of business are sol to another
lender. The lender purchasing your loan is obligated to honor the terms and conditions of the original loan. Therefore, if your lender goes out of
business, it makes little difference with regards to your loan payments. In some cases, there may be a gap between the date of your lender's going out of
business and the date that a new lender purchases your loan. In such a situation, continue making payments to your old lender until you are asked to make
payments to your new lender.