If my bank fails who do I pay my mortgage to?

As far is it affects you, basically nothing happens. Here's the scoop. To you a mortgage is a liability but to the bank it's an asset (it's a source of income). Like other assets (stocks, bonds, cash, real estate) mortgages can be bought and sold. In fact mortgages get bought and sold among big investors all the time.

If we rephrase your question, substituting another asset, the answer to your question will become obvious. If a bank goes bust, what happens to its assets, the cash in the vault, the building, the furniture, etc.? Obviously, these things don't disapper. They're just acquired by someone else. The same thing would happen to your mortgage.

The bottom line for you is you'd just get a notice telling you to mail your payments to a new address.

You will continue to make payments to the bank until you received notice of change in the mail. When a bank fails, it doesn't just close it's doors permanently...the assets/liabilities are purchased by another institution or taken over by the government for the short-term until a purchaser is located...often with government assistance.

The mortgage will be purchased/assumed by another financial institution. Such institution will inform you of their purchase of your mortgage and also any new address to which you need send payments.

Your loan is asset of your bank and will be sold. You will receive notice where to pay. If it's WaMu, it's JP Morgan Chase.

another financial institution will take over the loan. Just keep making your normal payments. When you loan changes hands you will be notified. For example WaMu customers will see their loans changed over to Chase.

To whichever new bank sends you payment notices

Send it to: Bush Co, Inc.", care of the Whitehouse...

I'll give you my address and you can mail them to me if you'd like!