of course they need to pay it back.Its because of bad loans that these companies have fallen.People took out loans they could never repay because they didn't make enough money (called living beyond your means)and the companies sold mortgages to people for little or no down payment and it caught up with them.To many bad loansWhat happened to the people who had loans/mortgages from those fallen companies?
Those companies will be taken over by other organization and you will continue to pay your mortgage on time in full amount ! It is your obligation and you signed at the dotted lines when you bought the house.
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