### Question
How does the law define Secretary-held single family mortgage?


### Answer
Under *12 U.S.C. § 1710*, **Secretary-held single family mortgage** is defined as:

> a single-family mortgage held by the Secretary or by a contract mortgagee at the time of initiation of foreclosure that—


(i) was formerly insured by the Secretary under any section of this subchapter

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

