Prior to the 2008 financial crisis, most investors viewed mortgage-backed securities as relatively safe investments.

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Prior to the 2008 financial crisis, mortgage-backed securities were commonly viewed as safe investments due to the perception that they were backed by tangible assets (i.e. real estate) and were rated highly by credit rating agencies. However, the widespread defaults and foreclosures on subprime mortgages underlying many of these securities ultimately led to significant losses for investors and played a major role in the financial crisis.

Prior to the 2008 Financial Crisis, Most Investors Viewed Mortgage-Backed