Finance
A Virginia lender who is 'portfolio lending' means they:
ASell all loans to Fannie Mae immediately
BKeep loans on their own books rather than selling to the secondary market✓ Correct
COnly lend on commercial properties
DRequire larger down payments than secondary market lenders
Explanation
Portfolio lenders originate and hold loans in their own investment portfolio rather than selling them. This allows them more flexibility in underwriting (e.g., jumbo loans, unusual properties) but ties up their capital.
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