Which of the following statements about a conforming loans is (are) TRUE:

• I: It is a conventional loan that meets the underwriting standard of GSEs like Fannie Mae and Freddie Mac.
• II: These loans provide liquidity to the original lender (such as a banks) as they can be sold to GSEs like Fannie Mae and Freddie Mac.

• A.

  None

• B.

  II only

• C.

  I & II

• D.

  I only