contract mortgagee
Defined in 1 place of the United States Code.
The term “contract mortgagee” means 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.
Source
- 1994–present12 U.S.C. § 1710Banks and Banking · Payment of insurance · under this section