### Question
What does contract mortgagee mean?


### Answer
**Contract mortgagee** has the following meaning in *12 U.S.C. § 1710*:

> 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 13-NATIONAL HOUSING > SUBCHAPTER II-MORTGAGE INSURANCE**

