Susan Lassiter-Lyons
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Portfolio Loans Revealed
When Freddie Mac and Fannie Mae announced their new lending rules last year, I started telling everyone who would listen that they need to start using portfolio loans to finance their investments. That generated hundreds of questions from investors who want to know more about portfolio loans and some seem to be a little confused. So, let’s break it down. A portfolio loan is just a loan that is made by a lender that does NOT get sold into the secondary market i.e. Fannie Mae and Freddie Mac. These lenders are typically small banks and credit unions. Because they don’t…
