During the financial crisis of 2008, many financial assets lost value, but mortgage-backed securities never underwent default.

Name: During the financial crisis of 2008, many financial assets lost value, but mortgage-backed securities never underwent default.
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Mortgage-backed securities did undergo default during the financial crisis of 2008. The underlying mortgages were often subprime and high-risk, and many borrowers defaulted on their loans, causing the value of the securities to plummet.

During the Financial Crisis of 2008, Many Financial Assets Lost