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The downturn in home prices in many regions has resulted in increased losses on home mortgages, particularly subprime mortgages. Uncertainty about the ultimate depth of the decline in home values has meant ongoing uncertainty about the magnitude of aggregate losses that will be realized on mortgage-related assets. Financial market participants have also faced uncertainty about where these losses will turn up. Mortgage risks were split up and spread widely, both within United States and abroad, through securitization and use of the insurance capabilities provided by credit derivative contracts, making it difficult to assess any individual institution's share of the aggregate exposure. In addition, financial market participants have at times faced uncertainty about prospective public sector intervention. The disparate responses to potential failures at several high-profile organizations may have made it difficult for market participants to forecast whether official support would be forthcoming for a given counterparty, and where in the capital structure that support would land.