Some pretty big mortgage companies seem to be in trouble. Mine is still fine, but what happens if they don't make it? Do I have to pay my mortgage if the company I’m currently paying goes under?
Absolutely. You don't want to fall behind in payments and possibly have to struggle to make them up because your mortgage money was used for a car repair or something.
Your loan is an asset to the company you now pay. The court will have a say in what happens to the company's assets and liabilities. There will be a Trustee of the Bankruptcy Court who will ensure that your loan continues to be serviced as it has been. That means they will collect and apply your payments as they should go to principal, interest and any escrows such as for property taxes and insurance.
Eventually the company will either come out of the bankruptcy or the assets will be sold off to pay as many of the liabilities (debts) as they can. This means another investor could "buy" your loan. Don't worry, this happens every day even when companies are financially healthy. If someone else takes your loan, you'll be notified where to make your payments. Until then, continue as you have been doing.
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Absolutely. You don't want to fall behind in payments and possibly have to struggle to make them up because your mortgage money was used for a car repair or something.