any person or institution that invests in mortgage instruments or other items of value such as real estate
Lenders may keep your loan in their portfolio or they may sell your loan after the close of the transaction to an investor If lenders portfolio the loan - they only have to follow internal guidelines to approve your loan, and so are the final decision maker If lenders sell your loan - then they also have the meet the investors guidelines to approve your loan In this case they may have to obtain investor approval Portfolio lenders tend to be more flexible but they generally have higher rates Some of the largest investors in the country are Fannie Mae and Freddie Mac
the ultimate owner of a loan This can be the institution that originated the loan (then the loan is held in their portfolio), another large lender or Fannie Mae or Freddie Mac
One whose principal concern in making an investment is to maximize return while minimizing risk, in contrast to the speculator who is prepared to accept greater risk in the hopes of making better-than-average profits Top of Page
A borrower who owns or purchases a property as an investment rather than as a residence
A person whose principal concern in the purchase of a security is the minimizing of risk, compared to the speculator who is prepared to accept calculated risk in the hope of making better-than-average profits, or the "gambler" who is prepared to take even greater risks More generally it refers to people who invest money in investment products