mortgagee

Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Wikipedia.

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.

Mentioned in ?

References in periodicals archive ?

The following shows that Banco de Lupa is not a mortgagee in good faith: (a) that Land Bank processed Manny's loan application upon his presentation of the title, which was still under the name of Barbie; and (b) The bank even ignored the fact that the cooperative previously used Barbie's title as collateral in its loan account with it.

Fallen short of established expectations

It was not until HUD released several mortgagee letters in 2010, including Mortgagee Letter 2010-18, that property preservation rules were substantially updated to take advantage of the new technologies available and adopted by servicers and their vendors.

HUD's evolving property preservation rules

Therefore, debtors have the unenviable task of accepting foreclosure or continuing to make mortgage payments on an underwater property, potentially benefiting a junior mortgagee.

Breathing underwater: the survival of second mortgages in bankruptcy proceedings

That differs greatly from a standard mortgagee clause.

Short takes on significant topics

The Property Law confirms that if the mortgagee is a bank, finance company or financial institution, it has to be duly licensed registered with the Central Bank of the United Arab Emirates (the "Central Bank") to engage in real estate financing in Abu Dhabi.

The New Abu Dhabi Property Law: An Overview for Property Financiers

On appeal Mr and Mrs Da Rocha argued that section 9 of the Mortgage Conditions set out certain trigger events and that those trigger events were all encompassing, leaving no further option for the mortgagee.

Involuntary bailees and the duty to do what is right and reasonable' Da Rocha-Afodu and anr v. Mortgage Express Ltd and anr

If an appraisal was ordered prior to obtaining a case number, the case number must be assigned on or after January 26, 2015 and inserted into the appraisal prior to delivery to the mortgagee.

FHA Info #15-06: Case Number Cancellation Authority -Instructions Update

In considering the validity of the mortgage granted by the registered holder of the fee simple interest (the rogue), Munroe J concluded that the mortgage was valid because the mortgagee had dealt for value and in good faith with the registered holder of title.

Finding nemo dat in the Land Title Act: a comment on Gill v. Bucholtz

Ironically, under the rule change that generated the original lawsuit, a stranger could purchase a reverse mortgage home for the fair market value (an "arm's-length transaction," according to the original Mortgagee Letter), where an heir could not.

AARP sues Fannie Mae, Wells Fargo over reverse mortgages: group files second class action suit on behalf of borrowers and survivors

FHA's Mortgagee Review Board can impose cash penalties, probation and suspension.

HUD takes action against 240 lenders

The PLA provides that, unless a prior mortgagee makes a further advance pursuant to written agreement with the subsequent mortgagee or, alternatively, is committed by the terms of the mortgage to make further advances, the prior mortgagee will be postponed to the second mortgage if it makes further advances after it has notice of the second mortgage.

Mortgage Advances - Who Has Priority?

In reaching its decision, the court found that a mortgagee must name a personal representative for a deceased mortgagor for the court to obtain subject matter jurisdiction.

ABN AMRO: a victory for the foreclosed-upon: the Illinois Supreme Court holds that in a foreclosure suit, the mortgage lender must name (and thus notify) the personal representative of a deceased borrower before the trial court can hear the case