mortgagor

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mortgagor

, mortgager
Property law a person who borrows money by mortgaging his property to the lender as security

mortgagor

The borrower who obtains a mortgage.
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References in periodicals archive ?
However, because PACE agreements put the taxing authority ahead of mortgagers for repayment, Fannie Mae and Freddie Mac oppose such programs.
Gen Xers love to spend, but as extreme job hoppers, car buyers, home mortgagers and child bearers, finances may be taking a toll as a good majority have hefty education loans to pay off," notes Don Montuori, the publisher of Packaged Facts.
In June 2000, 9% of private sector renters and 14% of private sector mortgagers had a residual income ratio of less than 30% of their income.
Available to both purchases and re- mortgagers with loans up to 75 per cent of the property value, this scheme has no fee and no compulsory insurance.
Muratore is Managing Director of Flagler Financial Services of Palm Beach, FL, CEO of First Bankers Financial Services and Senior VP of Travelers Mortgagers Services.
He went to the first mortgagers and told them he could run the properties better than they could, and that he would work for free.
US investment bible Barron's prompted the latest stock market rout for US mortgagers Freddie Mac and Fannie Mae, saying the Government might have to rescue the pair in a move likely to wipe out shareholders.
DETROIT -- The recent settlement by Household International Incorporated of nearly $500,000,000 for cases involving predatory lending practices such as misrepresenting terms and conditions of loan agreements, excessive fees to secure unnecessary insurance policies, piggy-backing second mortgages, overcharging mortgagers, as well as securing excessive points and origination fees are part of a host of reasons why the Detroit Branch NAACP in coalition with the Detroit City Council and a host of other community organizations, among them the AARP, the Legal Aid and Defenders Association and the Detroit Alliance for Fair Banking are very concerned about protecting the rights of Detroit Consumers.