Finance
A Montana lender who retains a mortgage loan in their portfolio rather than selling it on the secondary market is called a:
ASecondary market lender
BPortfolio lender✓ Correct
CWholesale lender
DCorrespondent lender
Explanation
A portfolio lender originates mortgage loans and holds them in their own investment portfolio rather than selling them to Fannie Mae, Freddie Mac, or other secondary market investors. Portfolio lenders can offer more flexible underwriting since they are not bound by secondary market guidelines—useful for unique Montana properties.
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