Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Co-Borrower

Fannie Mae

Updated 10-31-2026

Co-Borrower

For Fannie Mae's purposes, this term is used to describe any borrower other than the first borrower whose name appears on the mortgage note, even when that person owns the property jointly with the first borrower (and is jointly and severally liable for the note). co-op unit in a cooperative project

Fannie Mae Glossary of Terms

Fannie Mae · p. 6

FTC

Updated 10-31-2026

Co-Borrower

Any borrower other than the first borrower whose name appears on the application and mortgage note, even when that person owns the prop-erty jointly with the first borrower and shares liability for the note.

FTC Real Estate Terms

FTC · p. 4

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