Quote:
Originally Posted by DenverSteve
Your debt was sold by the bank, probably bundled with many other loans, and purchased by the new lien-holder. As stated above, it's not new and goes on every day. It doesn't change anything. You simply continue to make your payments as before, except to a new lender/debt-servicer.
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Yep. I actually called my bank today to confirm everything and the representative told me there were at least a thousand loans that were sold to Mr. Cooper so she had talked to a very large number of people about this sudden notification. Many of them with similar concerns.
I have to inform my insurance company about this ASAP.