Loans held as an investment by a bank, savings and loan or credit union.

A loan originated and maintained by the lender and not sold in the secondary mortgage market. ( See secondary mortgage market )

Most of the time loans obtained at the local neighborhood bank are sold to the Secondary Market. In these instances who you send your monthly payments to can change. However, when the neighborhood bank keeps possession of the loan and the monthly payments are made to that bank, the loan is called a Portfolio Loan.

A nonconforming loan held by the original lender rather than being sold on the secondary market.

A loan that is held as an investment by a bank or savings and loan, and NOT sold on the secondary market to investors.

A type of loan that is held by the bank and is not to sold on the secondary mortgage market.