Finance
A Montana lender who offers a 'portfolio loan' is providing financing where:
AThe loan is immediately sold to the secondary mortgage market
BThe lender retains the loan in their own portfolio rather than selling it to secondary market investors, allowing more flexible underwriting✓ Correct
CThe loan is government-backed through a federal program
DMultiple borrowers share responsibility for the loan
Explanation
Portfolio loans are kept by the originating lender rather than sold in the secondary market. This allows the lender to set their own underwriting criteria and terms, providing flexibility for non-conforming borrowers or unusual property types that don't meet Fannie/Freddie standards.
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