Mortgagor

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Mortgagor

In a mortgage, the party that borrows funds. The mortgagor must repay the amount borrowed to the mortgagee (which is usually a bank).
References in periodicals archive ?
Between 1995 and 2000, private sector renters and private sector mortgagers were the only groups to experience increases in the likelihood of having low residual income ratios.
US investment bible Barron's prompted the latest stock market rout for US mortgagers Freddie Mac and Fannie Mae, saying the Government might have to rescue the pair in a move likely to wipe out shareholders.
He went to the first mortgagers and told them he could run the properties better than they could, and that he would work for free.
DETROIT -- The recent settlement by Household International Incorporated of nearly $500,000,000 for cases involving predatory lending practices such as misrepresenting terms and conditions of loan agreements, excessive fees to secure unnecessary insurance policies, piggy-backing second mortgages, overcharging mortgagers, as well as securing excessive points and origination fees are part of a host of reasons why the Detroit Branch NAACP in coalition with the Detroit City Council and a host of other community organizations, among them the AARP, the Legal Aid and Defenders Association and the Detroit Alliance for Fair Banking are very concerned about protecting the rights of Detroit Consumers.