mortgagee
- noun
- /ˌmɔːrɡɪˈdʒiː/
- Specialized
- 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
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Meet a mortgagee
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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.
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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
A person or company that gives money to someone and asks for it back later
A person or company that gives money but expects it to be paid back
A bank or company that legally owns a home loan and gets the payments
A person or organization that keeps something until a loan is paid back
Antonyms
Surface Forms
Morphology
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.