Finance
In New Mexico, a 'portfolio loan' is kept by the originating lender rather than being sold on the secondary market. This is beneficial when:
AThe loan meets all Fannie Mae guidelines
BThe borrower or property does not meet secondary market guidelines but is creditworthy by the lender's standards✓ Correct
CThe loan is government-insured
DThe property is in a flood zone
Explanation
Portfolio loans are held by the originating lender and not subject to Fannie/Freddie standards. They can offer flexibility for unique borrowers or properties that don't conform to standard guidelines.
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