Portfolio Lender

Definition

  • A company or lender that underwrites mortgage loans and keeps the records instead of selling the mortgages on the secondary market.

Synonyms
portfolio mortgage lender

Related Terms and Acronyms

  • Asset-Backed Securities (ABS) Acronym, Very Important,
    • Securities backed by a pool of assets.
    Financial security made up of a bundle of assets.
  • Lender Definition,
    • The bank or mortgage company offering the loan.
  • Mortgage (mtg) Abbreviation, Important,
    • A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
  • Mortgage-Backed Securities Definition, Important,
    • Securities backed by mortgage debt.
  • Secondary Market Definition,
    • A market where financial instruments such as stocks, bonds, options and futures are bought and sold to investors.
  • Secondary Mortgage Market Definition, Important,
    • The trade in home loans that are bundled together and sold as securities to investors. It frees money so more people can get mortgages.
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