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3. Impact of the credit crisis of 2008-2009 on bank valuations Evaluate the following statement. In 2008, the decline in housing prices and an increased rate of defaults on mortgages increased the cash flows generated by mortgage-related securities and increased the market valuation of the mortgages and mortgage-backed securities held by banks. True False In addition to the decline in housing prices, whictactors have influenced bank valuations? Check all that apply. Higher-risk premiums required by investors in commercial banks An increased number of investors in commercial banks Lower risk premiums required by investors in commercial banks Reduction of the demand for bank services An increase in demand for bank services by subprime borrowers