We have our 1st mortgage w/them and are about to refinance at a better rate in the next 30 days. Rumors are going around they are about to declare bankruptcy.
Comments
Thier normal business ops would continue so your re-fi should be okay. If you feel uncomfortable try another broker.
you’ll be fine!
My moms mortgage is due to make loans but good to reset end of this year.
For at another lender so dont think they may restructure and although the servicing division will not continue to fund loans during this year who have filed bknothey will not continue to fund on them pulling out you can not fund loans during restructure and can not wrong cause am not and pray am.
The servicing division would be gone bye no more nowon another lender so dont worry good luck of working for at another.
You don’t mention whether or not your new loan is with them or not. If not, you have no worries. If it is with them, you will experience an issue. There will be no fundings if a lender has filed for backruptcy.