Indymac Fails: Do I still have to pay my mortgage?

Yes. Pay up. When a bank fails, they will still be sending you the mortgage bill. Someone will be there to pick up the pieces and put Humpty Dumpty back together again. Same with Countrywide and other acquired, merged or failed banks. Now, some of the banks may try do sell-off your loan to another bank, but the terms of your loan will remain the same, but right now, the "secondary market" doesn't really have the appetite for mortgages, so it's likely your current service provider will still continue to be your mortgage holder on your home which is probably going to take a bit more hit in value before this whole thing starts over. Sometimes you have to fail before you can start again. Just like Ben Franklin (the one hundred dollar bill guy) failed far more times than he ever accomplished and invented. Old Ben is also the only non-president on U.S. currency. He also wanted the Turkey over the Bald Eagle for the country's national bird. Pointless trivial. Pay your mortgage or get a new one from me: Pat Townsley, Mortgage Advisor. 415-485-1776. http://www.excellenceinrealestatefinancing.com/