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Restricted Relocation Mortgage

A mortgage to a transferred employee of an employer that normally relocates its employees that is made in connection with the purchase of the employee’s new home at the new job location and that is made under a relocation lending agreement between the lender (mortgage originator) and the employer (or its agent)-if the mortgage is delivered to Fannie Mae on a “spot-loan” basis. Fannie Mae restricts the percentage of an MBS pool that can be comprised of these mortgages. Requires SFC 013 at delivery.