Question: Check all of the following that are true about the housing market in the mid to late 2000s. Question options: With many people unable to repay their mortgages, the banks who had loaned them the money began to incur serious losses as the value of assets called mortgage-backed securities began to increase dramatically Foreclosures also lowered the property values of other homes in their neighborhood, even if those homeowners were still paying their mortgages Many people who could not afford the higher monthly payments were also unable to sell their house because it became worth less than the amount for which they had purchased it. Such mortgages are called underwater mortgages Banks holding these now toxic assets could no longer make loans to customers or to each other, and many banks and financial institution began to teeter on the edge of collapse