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7 February, 09:10

Noninstitutional lenders who usually lend their own money and then sell their loans to others and service the loans are called:

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  1. 7 February, 10:56
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    It is called as a nonrecourse loan. These lenders do not give a guarantee to any return to depositors. They create business through speculation. These lenders are usually private companies, banks, trust, and investment funds. Noninstitutional lenders are only responsible for their own the loans that they provide.
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