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Foreclosure Forum |
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Re: Examples of portfolio lendersIn Reply to: Examples of portfolio lenders posted by CC in OC on June 04, 2009 at 11:16 PM
I've read that definition before but don't consider them PL's just because they don't "immediately" resell the note. In my book a true PL is one who does not ever sell the note. In my area Small Locally Owned Banks and Credit Unions usually fit the description. There may not be such a critter on the left coast but there are plenty in the Midwest.
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