The Origination of a Home Mortgage Loan Is Considered to Be

Multiple Choice

The origination of a home mortgage loan is considered to be a

A) primary transaction,because this is the FI's primary source of business.
B) secondary transaction,because mortgages are typically resold in the secondary market.
C) primary transaction,because the mortgage note is a newly created financial asset.
D) secondary transaction if the sale is for an existing home and a primary transaction if it is for a new home.