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.