check all financial institutions that apply

Use the following table to determine what type of financial institution engages in each of the given mortgage market activities. Commercial Banks and Savings Institutions Activity in Mortgage Market Credit Unions and Finance Companies Mortgage Companies Mutual Funds Securities Firms Insurance Companies Use securitization to pool a variety of mortgages and sell mortgage-backed Securities, Sell shares and use the proceeds to create portfolios consisting of mortgage-backed Securities Maintain mortgage-based securities in their investment portfolios Purchase mortgages and mortgage-backed securities in the secondary market