Which of the following statements is most nearly true concerning the activities of mortgage companies:

A: They are organized under federal laws and thus are not subject to state regulations;
B: They never service the loans they create;
C: They prefer negotiating loans which are salable in the secondary market;
D: They are not active in the field of government-insured loans.

Answer: C: They prefer negotiating loans which are salable in the secondary market;

Business

You might also like to view...

Random numbers are equally likely to occur

Indicate whether this statement is true or false.

Business

Response time does not include the time waiting to be polled

a. True b. False

Business