Finance
In Louisiana, a 'portfolio loan' is a mortgage that:
AInvests the borrower's payments in a portfolio of stocks
BThe originating lender retains on their own books rather than selling to the secondary market — often used for non-conforming borrowers or properties✓ Correct
CIs held by multiple lenders simultaneously
DIs guaranteed by the Louisiana Housing Corporation
Explanation
Portfolio loans are retained by the originating lender rather than sold to Fannie Mae or Freddie Mac. Because the lender holds the risk, they can set their own underwriting standards — making portfolio loans available for non-conforming properties or borrowers who don't meet secondary market guidelines.
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