Mortgagor
In a mortgage agreement, the mortgagor is the borrower of the property loan, which is commonly known as the mortgage.
Mortgagor
An individual or company who borrows money to purchase a piece of real property.
mortgagor
the owner of real estate financed with a mortgage ; one who pledges property as security for a loan.
Example: Abel obtains a mortgage loan from Homebuyers Savings. Abel serves as a mortgagor.
The borrower is the Mortgagor.
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ANNUAL MORTGAGOR STATEMENT - Document sent by the lender to the mortgagor each year which sets out amou...
ANNUAL NET PROFIT MARGIN - (%) The percentage that the company earned from gross sales for the most rec...
annual mortgagor statement
Definition 1.
A report sent to the mortgagor once a year, detailing the taxes and interest paid during the year as well as the remaining mortgage loan balance.
Mortgagor - One who borrows money, giving as security a mortgage or deed of trust on real property (borrower).
Mutual Funds - A fund that pools the money of its investors to buy a variety of securities.
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Mortgagor - A designation for the mortgage borrower on lands.
MIP - Mortgage insurance protection ...
Mortgagor
A debtor or borrower who gives a mortgage on his or her property to a mortgagee to secure a loan or assure performance of an obligation.
Motivated Seller
A party who needs to dispose of his or her property quickly.
Mortgagor : One who gives a mortgage on his property to secure a loan or assure performance of an obligation, a borrower.
Mortgagor: The borrower.
Mortgage Types:
Conventional mortgage: This type is a uninsured mortgage loan, and does not exceed 75% of the lesser of the purchase price or appraised value.
Mortgagor - A borrower in a mortgage loan transaction.
Multiple-listing service (MLS) - An organization composed of member brokers who agree to share their listing agreements with one another in the hopes of procuring a buyers for their ...
Mortgagor
The borrower in a mortgage
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Negative Equity
The value of the property has less value than the mortgage amount secured on it.
Mortgagor - the person borrowing money with a mortgage.
Mutual fund - a professionally managed pool of money contributed by a group of individuals and invested in a range of securities.
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Mortgagor: the borrower in a mortgage agreement
Multifamily Housing: a building with more than four residential rental units.
Mortgagor
The borrower in a mortgage transaction.
Motivated Buyer
A prospective buyer with strong personal reasons who must purchase a property quickly. A strong motivation to buy is generally due to time restraints.
Mortgagor - Is the borrowing party in a mortgage transaction.
MSRB - Is the Municipal Securities Rulemaking Board.
MTN - Is a Medium Term Note.
2. Mortgagor's right, called the Equity of Redemption to recover foreclosed property by paying principal and interest due, plus the lender's out-of-pocket costs.
[OTS] assignment of rents A legal document that assigns all rents and income from a property to the mortgagee if a mortgagor defaults.
A loan in which the borrower (the mortgagor) offers a property and land as security to the lender (the mortgagee) until the loan is repaid. ...(Read more)
Mortgage Agreement In Principle ...
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The borrower, who owns the property is called mortgagor and the lender, who provides the money is called mortgagee.
The time between when the underlying mortgagors make their payments to the servicers and when those payments are due to the MBS investors. Delay days may refer to either stated delay or actual delay days.
A joint mortgage is simply a mortgage with more than one mortgagor. The person with the highest income is typically considered the primary borrower in a joint mortgage, ...
The rate at which fixed-rate mortgagors prepay is influenced by many factors. A significant factor is the level of interest rates. Mortgagors tend to prepay mortgages so they can refinance when mortgage rates drop.
A legitimate closing cost used to ensure that mortgagors pay their property taxes. A tax service fee is typically paid by the buyer at the time the home is purchased, the lender then passes this sum on to a tax service agency.
Mortgagors often prepay the mortgage debt, through refinancing, when interest rates go down. Such prepayment activity is bad for MBS investors, because it reduces future income potential.
In an assumption, the purchaser is substituted for the original mortgagor in the mortgage instrument and the original mortgagor is to be released from further liability in the assumption, the mortgagee's consent is usually required.
As the borrower, or mortgagor, you repay the lender, or mortgagee, the loan principal plus interest, gradually building your equity in the property. While the mortgage is in force, you have the use of the property, but not the title to it.
Term insurance which pays if death (mortgagor) occurs within a stated period, for the value of the then mortgage debt. A maximum $ amount may apply.
Co-Mortgager - A second borrower who is liable on a mortgage loan with a mortgagor. The co-mortgagor's income, assets and debts are combined with the mortgagor's for underwriting and ratio analysis purposes.
Debt instrument by which the borrower (mortgagor) gives the lender (mortgagee) a lien on property as security for the repayment of a loan.
international fund
A mutual fund that can invest in securities issued anywhere outside of Canada.
Deed-in-lieu
A deed given by a mortgagor to the mortgagee to satisfy a debt and avoid foreclosure. Also called a "voluntary conveyance."
Termbox
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Also called speed, the estimated rate at which mortgagors pay off their loans ahead of schedule, critical in assessing the value of mortgage pass-through securities.
Prerefunded bond
Refunded bond.
Mortgage Insurance Policy - In life and health insurance, a policy covering a mortgagor with benefits intended to pay off the balance due on a mortgage upon the insured's death, ...
Preforeclosure Sale
A procedure in which the investor allows a mortgagor to avoid foreclosure by selling the property for less than the amount that is owed to the investor.
Mortgage offers are typically peppered with legal terminology such as mortgagee (the lender) and mortgagor (the borrower) and the contract will set out whether the lender requires you to buy mortgage protection insurance.
Security in which the periodic interest and principal are passed from a mortgagor to an investor through an intermediary.
Pass-Through Security ...
Mortgage
A form of security for a loan, in which a specific item of property is pledged by the borrower (mortgagor) to the lender (mortgagee).
Net Asset Value
Total assets of a company less total liabilities.
Second MORTGAGE which conveniently expands the total amount of borrowing by the mortgagor without disturbing the original mortgage.
Prepayment speed
Also called speed, the estimated rate at which mortgagors pay off their loans ahead of schedule, critical in assessing the value of mortgage pass-through securities.
"The legal process by which a mortgagee obtains a court ordered termination of a mortgagor's equitable right of redemption."
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Mortgagee. A lender who loans money to a mortgagor. The loan is usually secured by real estate or other property.
Debenture: An unsecured bond. A certificate of indebtedness of a government or company backed only by the general credit of the issuer and unsecured by mortgagor lien on any specific assets.
Co-Borrower: A party who signs the mortgage note along with the borrower and who shares the title to/and the obligation to pay for, the property with the borrower. A Co-Borrower is also called a "co-mortgagor." ...
For such deficiency, a personal judgment is entered against the original mortgagor. This judgment operates as a lien on the judgment debtor's assets and is enforceable and collectable in the same manner as any judgment at law.
If a lender/mortgagee believes that their loaned funds are exposed to a level of risk that warrants risk management through insurance, then they will demand that the borrower/mortgagor pay for insurance that protects the lender from any loss due to ...
from the title by a court action, a release or a deed.
CO-BORROWER A party signs the mortgage note along with the borrower and who shares the title to, and the obligation to pay for, the property with the borrower. Also called "co-mortgagor." ...
 See also: Banks, Expense, Prepayment, Pass-through, Prepayments
  
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