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mortgagee

mortgagee

1 8.1
A person or company that lends money for a house and can take the house if you do not repay
  • noun
  • /ˌmɔːrɡɪˈdʒiː/
  • Specialized
translation icon : acreedor hipotecario
  • When contractual rights are assignable, secondary markets develop, allowing mortgagees to sell their contractual entitlements to third parties.
  • mortgagee and bondholder
  • mortgagee and other security

Examples

  • Meet a mortgagee

  • I used the MERS system nearly daily for 6 years to determine who the current servicer was for a given mortgagee of record; that is, the current mortgagee of record was of only limited usefulness in determining what I really needed to know.

    Blog text (21)
  • but I know the mortgagee in James Wall, who may still have homework.

  • Credit the mortgagee 2.

    Blog text (21)
  • There is plenty of wrong going around for all sides, and I think that Congress should stay out of it and let the lawyers, mortgagee, and mortgagor work it out.

    Blog text (21)
  • Known Bondholders, Mortgagees, and Other Security Holders: None. Tax Status: Has not changed during the preceding 12 months.

    Academic text (2006)
  • But if the demand for mortgages in secondary markets becomes sufficiently high, such that a mortgagee can easily sell on secondary markets the mortgage entitlements it

    Academic text (2018)
  • Known bondholders, mortgagees, and other security holders owning or holding 1 percent or more of the total amount of bonds, mortgages, or other securities.

    Academic text (2004)
  • I used the MERS system nearly daily for 6 years to determine who the current servicer was for a given mortgagee of record; that is, the current mortgagee of record was of only limited usefulness in determining what I really needed to know.

    Blog text (21)
  • The mortgagee approved my loan application, allowing me to buy my first home.

Synonyms

lender
vsmortgagee
118 2.5

A person or company that gives money to someone and asks for it back later

is specific to mortgage loans and holds the security interest
loaner
vsmortgagee
3 4.5

A person or company that gives money but expects it to be paid back

is tied to mortgage lending and includes holding the security interest
mortgage holder
vsmortgagee
3 4.4

A bank or company that legally owns a home loan and gets the payments

is the formal legal term for the same role
pledgee
vsmortgagee
  • Formal
9.2

A person or organization that keeps something until a loan is paid back

is the lending party that also holds the security interest

Antonyms

86 2.3

A person who takes money or things and plans to give them back

Surface Forms

mortgagee singular
mortgagees plural

Morphology

mortgagee = mortgage (semi-transparent) = mortgage + ee

Formally transparent as 'mortgage' + '-ee', but the meaning is a specialized legal role (the lender/recipient of the mortgage) that may not be obvious to average learners.

Etymology

Mortgagee comes from an old legal phrase mort gage, where mort means 'dead' and gage means 'pledge'. The -ee ending shows the person who receives that pledge, so a mortgagee is the lender who holds the pledge on your home until the loan is paid.