Finance
What is a 'portfolio loan' in Idaho real estate financing?
AA loan secured by an investment portfolio
BA mortgage kept by the originating lender rather than sold on the secondary market, allowing more flexible underwriting✓ Correct
CA loan requiring multiple collateral properties
DA government-backed loan program for farmers
Explanation
A portfolio loan is originated and held by the lender in its own portfolio rather than sold to Fannie Mae, Freddie Mac, or other secondary market investors. Because the lender keeps the risk, it can set its own underwriting standards, making portfolio loans useful for unusual properties or borrowers who don't meet conventional guidelines.
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