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

Quizplus · Accepted Answer

Mortgage companies often service more mortgages than they originate, and the government is involved in the residential mortgage markets through entities like Fannie Mae and Freddie Mac. Servicing fees are typically much lower than 2% to 4%, and most mortgage sales are without recourse.

Which of the Following Statements About Mortgage Markets Is/are True