I remember reading in my loan docs that the lender could call the loan at will. It made me weary at signing, but we just took a deep breath and signed anyway. I didn’t realize lenders actually did this. That would make the decline even worse, because we have so many overleveraged homeowners. Even if you are timely on your mortgage payment, your loss of equity coupled with your lender’s demise, two factors outside your control, can bring you down. That’s not fair at all. Now I’m a renter, but it’s unfair to the homeowners.
