Mortgagee

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Related to mortgagees: mortgager, mortgagors

Mortgagee

The lender of a loan secured by property.

Mortgagee

A mortgage lender. A mortgagee is ordinarily a bank or savings and loan corporation.
References in periodicals archive ?
View the reissued version of Mortgagee Letter 2015-01.
Unless rent escalations are determinable, the leasehold mortgagee may not be able to evaluate the "fair market value" of the leasehold estate to determine whether the leasehold mortgagee has satisfied its legal investment requirements.
The BLA provides that an advance by a mortgagee that results in an increase in the direct or contingent liability of a mortgagor, or both, under a registered mortgage occurring after the time a claim of lien is filed ranks in priority after the amount secured by that claim of lien.
Each new Mortgagee Letter relating to P&P is an attempt at more consolidation, with the end result being greater efficiencies, cost savings and performance in the preservation and marketing of FHA properties.
50) This includes the duty of the mortgagee to take reasonable steps to prevent or mitigate damages resulting from the default by the mortgagor.
In this instrument, the mortgagor will have voluntarily pledged the land as security and granted the mortgagee special powers in the event of default.
What those firewalls and safeguards will ultimately look like will likely be further informed by the rule-making that HUD must undertake as outlined in Mortgagee Letter 2008-24.
Today's more demanding bank regulatory environment has made the mortgagee more cautious in making concessions to the mortgagor in a loan workout; nonetheless, most mortgagees still favor a workout over repossession or foreclosure.
I wish to congratulate the Polish President for the action he is taking to remove this unjust /huge financial burden that the banks have irresponsibly burdened the innocent Polish mortgagees.
It is a requirement of all mortgagees that all parties occupying the property, who are not a party to the mortgage, must sign a letter of waiver, or consent, postponing that person's interest in favour of the mortgagee.
Christian Werner, CEO of New World Mortgage, says there is a lack of restraint among lenders and lack of discipline among mortgagees that is causing the problem.
IVI is a consultancy of over 140 architects, engineers and project managers providing project management control services on behalf of institutional mortgagees, real estate equity investors and corporate real estate departments worldwide.