Which of the following statements about mortgage markets is/are true?

I. Mortgage companies service more mortgages than they originate. II. Servicing fees typically range from 2% to 4%. III. Most mortgage sales are with recourse. IV. The government is involved in the residential mortgage markets.

A. I, III, and IV only B. II, III, and IV only C. I, II, and IV only D. II and III only E. I and IV only