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% to 4%.
III. Most mortgage sales are with recourse.
IV. The government is involved in the residential mortgage markets.

Question

25-10-2019
Social Studies

contestada

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% to 4%.
III. Most mortgage sales are with recourse.
IV. The government is involved in the residential mortgage markets.

Respuesta :

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johuquintero johuquintero · Answer 1 · 2019-10-28T03:39:49+01:00

Answer:

The correct answers are: I. Mortgage companies service more mortgages than they originate. And IV. The government is involved in residential mortgage markets.

Explanation:

There are two types of mortgage markets. The primary type has to do with someone who is called the primary lender and he or she is in charge of making a loan to a borrower. The second type, which is the secondary mortgage market deals with the bank that helps investors to get a loan that is resold. It is seen that is these cases, Mortgage companies service more mortgages than they originate and also the government is involved in the mortgage markets.

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% to 4%. III. Most mortgage sales are with recourse. IV. The government is involved in the residential mortgage markets.

Respuesta :

Otras preguntas

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% to 4%.
III. Most mortgage sales are with recourse.
IV. The government is involved in the residential mortgage markets.