Finance
What is a portfolio loan in mortgage lending?
AA loan for purchasing an investment portfolio
BA loan retained by the originating lender rather than sold in the secondary market✓ Correct
CA loan secured by multiple properties
DA loan product offered by portfolio companies
Explanation
A portfolio loan is one the originating lender keeps in its own loan portfolio rather than selling to Fannie Mae/Freddie Mac. This allows lenders to offer non-conforming terms and makes portfolio loans useful for unique borrowers or properties.
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