Does this really have to be said?

Apparently some out there must be pretty dumb to think that somehow the recent financial crisis would create a scenario where they did not have to pay their mortgages anymore. Personally, doesn't that tell us part of the reason why we are having these problems when this kind of thing is felt necessary?

If you hear that your bank or mortgage company is going out of business, your obligation is to continue to pay your mortgage unless you get in writing that that situation is changed. Sometimes, your bank sells your mortgage to someone else. Then you follow those instructions.

But when you hear your company is in trouble, that doesn't give you the option of not paying your mortgage. So please continue to do that because if you don't pay your mortgage, it will affect your credit rating and that will affect your money -- your ability to raise money, to borrow money at a good interest rate.