[Worried_In_US]

...making the payment obligations? If the worst happens (i.e. panic, stock market crashes, all banks go under), is there any scenario in which the company that owns my mortgage could close on my loan even though i'm making the payments on time?

[Smitty]

The only other case would be if you were required to keep it insured and didn't! As long as you are fulfilling your obligation to the Mortgage Holder, you are fine.

[dioncornel]

Depending on the contract you signed, it is possible. For example, in California where I work, the normal contract document used for a real estate loan is the "Deed of Trust". If you read this document properly, there are a number of things that could happen in which your loan could be called due and payable. Things like not paying property taxes, properly insuring the home, preservation and maintenance of the subject property, and violations of any local laws, ordinances, or even homeowner association rules. However, typically the lender will not call the loan due over these issues. Normally they will pay whatever fee is due (i.e. taxes, insurance, maintenance fees & etc) and bill you accordingly. If you fail to repay the lender for the money that was paid out, then they begin foreclosure proceedings. Pull out your loan documents and read them carefully. Especially documents with the titles like: "Deed of Trust", the "note", or "mortgage", or "Financing Statement".