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