mortgagor
1
7.9
- noun
- /ˈmɔrɡɪˌɡɔr/
- Specialized
:
deudor hipotecario
- The mortgagor agreed to repay the bank over 30 years in exchange for the loan to buy the house.
Examples
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Before the advent of title insurance, a lawyer who handled a transaction that turned out to be based on identity fraud would likely not be liable for the loss if he or she had taken reasonable steps to guard against fraud (for example, checking the mortgagor's identification).
Blog text (10) -
Unlike first mortgage lenders, whom Congress has protected by giving them a cramdown exception in bankruptcy law, second mortgagors have no such protection from the vagaries of the free market.
Blog text (22) -
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) -
They wanted mortgagors to pay on time and, hence, to succeed.
Academic text (2018) -
As a result, the servicers often do not receive full payment histories and begin charging mortgagors' late fees to consumers even if the mortgage payments are current.
Academic text (2004) -
Banks were not indifferent, or were less indifferent, to whether mortgagors paid on time, given that they made conventional loans within 50 miles of their home offices and kept them in portfolio until they were paid off.
Academic text (2018) -
Now, when times aren't good, people cash out their ethics and take the easy road—banks take away perfect-paying mortgagor equity lines, builders drop everything and run to different states, and buyers walk from properties.
Blog text (15) -
Attempted intimidation of witnesses and tangentially linked actors in a case (the mortgagor of his Florida home was drunkenly intimidated by an FBI agent in an attempt to stem the flow of money to his lawyers!).
Blog text (32) -
To qualify as a mortgagor, you must provide proof of income and a good credit history.
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After losing their job, the mortgagor struggled to make monthly payments on their home loan.
Synonyms
1
7.4
A person who borrows money using a house or property as security
Antonyms
Surface Forms
Morphology
Etymology
Mortgagor comes from old words meaning 'dead' (mort-) and 'pledge' (gage), plus the ending -or as in actor, meaning 'one who'. A 'dead pledge' was a promise tied to a property until the debt ended or was paid, so a mortgagor is the person who gives the mortgage — the borrower who uses their property as security for a loan.