Question

Which of the following statements about mortgage markets is/are true? I. Mortgage companies service more mortgages than they originate. II. Servicing fees typically range from 2 percent to 4 percent. III. Most mortgage sales are with recourse. IV. The government is involved in the residential mortgage markets.

Answer 1

Answer:

I. Mortgage companies service more mortgages than they originate.

IV. The government is involved in the residential mortgage markets.

Explanation:

• A mortgage market is one that is for the sales of the securities and the bonds and the values of the mortgage loan and consists of mostly the primary and secondary markets as the banks and financial institutions

• A the secondary are the new source of capital and these mortgages involves the companies to have the rights and may also involve the residential mortgage markets.