Finance
In Kansas, what is a 'portfolio loan'?
AA loan for purchasing multiple investment properties at once
BA mortgage that the lender originates and holds on its own balance sheet rather than selling to the secondary market✓ Correct
CA variable-rate loan tied to a portfolio of securities
DA loan backed by a portfolio of real estate assets
Explanation
A portfolio loan is retained by the originating lender rather than sold to Fannie Mae, Freddie Mac, or other secondary market investors — allowing more flexible underwriting outside conforming guidelines.
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