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1. What's a mortgage-backed security? 2. Why was the general assumption prior to 2008 that the housing market is stable and low risk? 3. What

1. What's a mortgage-backed security? 2. Why was the general assumption prior to 2008 that the housing market is stable and low risk? 3. What is a subprime mortgage? 4. What were the characteristics of a B-rated mortgage? 5. What is an adjustable-rate mortgage? 6. Why is it important to verify incomes and FICA scores before issuing a mortgage? 7. What is securitization

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