mortgagee


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  • noun

Synonyms for mortgagee

the person who accepts a mortgage

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References in periodicals archive ?
This is the doctrine of 'the mortgagee in good faith' based on the rule that buyers or mortgagees dealing with property covered by a Torrens Certificate of Title are not required to go beyond what appears on the face of the title.
Mortgagee Letter 2002-10 offered significant efficiencies to the servicer by eliminating several city- and state-specific guidelines and implementing more national standards.
30) While this construction was at odds with the contractual rights of the second mortgagee and the historical axiom that liens passed through bankruptcy unaffected, (31) the court acknowledged the policy paradox and disposed of the conflict in the debtors' favor:
The court emphasized the difference between a loss payee clause and a standard mortgagee clause.
Previously, the system was convoluted and appraisers had to search multiple publications to verify that requirements or guidelines stated in one handbook or mortgagee letter hadn't been revised or updated in other ones.
For financing the development of a project a developer is generally prohibited from mortgaging the project land or any real estate right related to it unless the mortgage is granted for the purpose of financing the building of the project and provided that (i) the loan amount is to paid directly into the escrow account; (ii) the developer informs the purchaser(s) about the mortgage through notification in the sale and purchase agreeement; and (iii) the developer and mortgagee undertake to release the mortgage over the sold unit(s) once fully paid.
The primary judge dismissed Mr and Mrs Da Rocha's claim, holding that Mr and Mrs Da Rocha had an obligation to deliver up vacant possession of the property on execution of the warrant and that a mortgagee who found himself in the possession of chattels on execution of a warrant for possession was in law an involuntary bailee.
Mortgagee Letter 2015-01 implemented the reduction of FHA Annual Mortgage Insurance Premium (MIP) rates by 50 basis points (0.
If the first mortgagee consents to your charge being registered then you should register a second legal charge as mentioned above.
HUD RECENTLY ISSUED Mortgagee Letter (ML) H 2012-25, which outlined revised requirements for Project Capital Needs Assessment (PCNA) reports.
Instead, the rogue forged the discharge of a second mortgage, enabling a bona fide third mortgagee to assume the status of second mortgagee.
Trapped renters over the age of 40 could face the prospect of being an OAP mortgagee, or face difficulty getting a 25-year mortgage term if it takes them beyond lenders' retirement age criteria.
That suit was dismissed by the court in July, but the lawsuit resulted in the issuance of Mortgagee Letter 2011-16, which rescinded Mortgagee Letter 2008-38, a document that provided guidance on the no-recourse policy on reverse mortgages insured by the FHA.
The Federal Housing Administration's Mortgagee Review Board (MRB) last week announced hundreds of administrative actions against FHA-approved lenders who failed to meet its requirements.