### Question
How is the term contract mortgagee defined?


### Answer
The term **contract mortgagee** is defined in *12 U.S.C. § 1710* as the following:

> a person or entity under a contract with the Secretary that provides for the assignment of a single-family mortgage from the Secretary to the person or entity for the purpose of pursuing foreclosure

#### Citation:
  - *12 U.S.C. § 1710*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS > SUBCHAPTER II-MORTGAGE INSURANCE**

