mortgagee

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Related to mortgagees: mortgager, mortgagors

mortgagee

Law
1. the party to a mortgage who makes the loan
2. a person who holds mortgaged property as security for repayment of a loan

mortgagee

The lender from whom a mortgage is obtained.
References in periodicals archive ?
Mortgagee Letter 2015-01 implemented the reduction of FHA Annual Mortgage Insurance Premium (MIP) rates by 50 basis points (0.
FHA is also strongly encouraging all approved mortgagees and lenders to waive late fees for affected borrowers and to suspend credit reporting on borrowers nationwide who have been affected by the shutdown.
For a ground lease to be acceptable to a leasehold mortgagee without encumbering landlord's fee simple estate in the land and reversionary interest in the improvements, it should generally include the following key terms.
Under the PLA, in order for a subsequent mortgagee to claim priority over further advances made under a prior mortgage, it must provide actual notice to the first mortgagee of the registration of the subsequent mortgage.
Most notably, HUD's April 20 Mortgagee Letter 2010-26, as well as its May 13 Mortgagee Letter 2010-18, have spawned the most anticipation.
Rather, it is the mortgagor's breach of contract that the mortgagee seeks to enforce in a foreclosure action.
The defense to be raised by the mortgagor, if the mortgagee refuses to accept a deed in reduction and initiates a foreclosure action, is that the mortgagee in such foreclosure action has the duty to act equitably.
No individual may be forced by a mortgagee to contract out of these statutory rights.
It states that "the mortgagee and any other party that participates in the origination of a mortgage to be insured under this section shall not participate in, be associated with, or employ any party that participates in or is associated with any other financial or insurance activity.
1 billion in March 2007 which means that the amount of mortgagees is rising yet despite this there are only a few online platforms that give in-depth information on the mortgage product types available such as http://www.
Section 166 (and related IRC sections 585 and 593) allow mortgagees using the reserve method of accounting for bad debts to charge the loss to the reserve for losses on qualifying real property loans.
Introductory articles focus on issues to the fore such as tonnage tax, the effects of deflation, Mortgagees Interest Insurance, Basel II Banking Accord, Fpsos, innovative finance, ISPS Code, and EU shipping policy, including the Marco Polo programme and Short Sea Shipping.