A mortgagee is a person or entity that lends money to someone to buy a property. They hold a legal right to the property as security until the borrowed money is repaid. Full definition
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The first HUD mortgagee letter of 2017 was sent out to lenders earlier today, with additional details about the annual MIP reduction. (homebuyinginstitute.com)
The two biggest changes were announced simultaneously, with the issuance of Mortgagee Letter 2013 - 04. (homebuyinginstitute.com)
But FHA's new «Back to Work - Extentuating Circumstances» loan program, announced in Mortgagee Letter 2013 - 26, eliminates that waiting time for most borrowers! (arklawgroup.com)