buy but do not have the collateral, liquidity or income to qualify. 24. Which of the following is not true concerning Mortgages in the USA: a. Mortgages are callable. . b. Mortgages are liens. c. Mortgages may require PMI (private mortgage insurance) d. The most popular (and) safest mortgage is a conventional mortgage. 22. Securitization of Mortgages means: a. The sale and resale of mortgages to private, individual investors. b. The listing of Mortgages on the New York Stock Exchange. c. The sale of a package of mortgages by the issuer to another financial institution, which then create (write) claims against the cash flow anticipated from the mortgages that are sold to the investing public. d. You, the borrower asking for a mortgage, must provide security again the loan