Finance
When a Missouri lender 'sells' a mortgage on the secondary market, the borrower's payment obligations:
AAre cancelled
BRemain the same — the borrower still makes payments, typically to a servicer✓ Correct
CIncrease by 10%
DMust be renegotiated with the new owner
Explanation
When a mortgage is sold on the secondary market, the borrower's obligation remains unchanged. The new owner of the note (Fannie Mae, Freddie Mac, or an investor) receives the payments, often through a servicer who handles collections.
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