Finance
A portfolio loan is one that:
AConforms to Fannie Mae guidelines
BA lender originates and keeps in its own portfolio rather than selling to the secondary market✓ Correct
CInvolves multiple properties as collateral
DIs insured by the FHA or VA
Explanation
A portfolio loan is originated and retained by the lender in its own investment portfolio rather than being sold to the secondary market. Because it doesn't need to conform to secondary market standards, lenders have more flexibility in underwriting criteria.
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