mortgagee
Americannoun
noun
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the party to a mortgage who makes the loan
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a person who holds mortgaged property as security for repayment of a loan
Etymology
Origin of mortgagee
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Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
SQM Research said property advertisements with phrases like "mortgagee in possession" or "bank forced sale" hit a record low of 5,500 in April, the month before rates began rising, from about 15,000 pre-pandemic.
From Reuters • Aug. 1, 2022
Those who manage their parents’ finances might see an annual occupancy letter from the loan servicer or a mortgagee clause on a homeowner’s insurance policy or premium notice.
From Washington Post • Dec. 2, 2015
The chain of title starts and stops with Mortgage Electronic Registration Systems, Inc. as the mortgagee.
From Washington Post • Dec. 2, 2010
In a typical home mortgage transaction, the borrower signs a promissory note and a mortgage instrument, and usually bank giving the loan would be named as the mortgagee and hold the note, at least initially.
From New York Times • Oct. 11, 2010
A mortgage may be made with a power of sale whereby, should the debt be not paid at the time fixed, a valid title may be acquired by a purchase from the mortgagee.
From Putnam's Handy Law Book for the Layman by Bolles, Albert Sidney
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
