mortgagee

[ mawr-guh-jee ]

noun

1. a person to whom property is mortgaged.

mortgagee

/ ˌmɔːɡɪˈdʒiː /

noun

1. the party to a mortgage who makes the loan
2. a person who holds mortgaged property as security for repayment of a loan

Word History and Origins

Origin of mortgagee¹

First recorded in 1575–85; mortgage + -ee

Example Sentences

"So not the news mortgagees would be looking for, but I don't think inflation is going to fall quite as fast as we had hoped."

From BBC

Rises in Hong Kong mortgage rates that began last year have compounded troubles for developers and mortgagees.

From Reuters

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

“That lets you get around a lot of the stuff we have these days protecting mortgagees because of Covid.”

From New York Times

That could potentially make the Fed a mortgagee to real estate investment trusts, private equity firms and other property investors.

From Reuters