Which of the following statements accurately reflect characteristics of the U$.$S$.$ residential mortgage market?

Mortgage servicing rights are often sold separately from the mortgages themselves, allowing mortgage companies to service far more loans than they originate.

Servicing fees are generally less than $1$ percent of the outstanding loan balance annually.

Most secondary market mortgage sales are made without recourse, transferring credit risk to the purchaser.

Government involvement in residential mortgages includes insurance, guarantees, and securitization through agencies like FHA, VA$,$ and Ginnie Mae.

$1,2$ and $4$ only.

$2,3$ and $4$ only.

$1,2$ and $3$ only.

$1,3$ and $4$ only.

$1$ and $4$ only.