Finance
North Dakota Bank, a state-chartered bank, originates mortgage loans and keeps them in its portfolio rather than selling them. This is called:
ASecondary market lending
BPortfolio lending✓ Correct
CCorrespondent lending
DWholesale lending
Explanation
Portfolio lending occurs when a lender originates loans and keeps them in its own loan portfolio rather than selling them in the secondary market. Portfolio lenders can offer more flexible underwriting since they're not subject to secondary market requirements.
Related North Dakota Finance Questions
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