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Cited by 989

The DOI matches its Crossref record; 21 of the 21 references it cites were found in a registry or an index.

Understanding the Subprime Mortgage Crisis

Open access
Demyanyk, Yuliya, Van Hemert, Otto·2011·Review of Financial Studies
DOI 10.1093/rfs/hhp033
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Abstract

Using loan-level data, we analyze the quality of subprime mortgage loans by adjusting their performance for differences in borrower characteristics, loan characteristics, and macroeconomic conditions. We find that the quality of loans deteriorated for six consecutive years before the crisis and that securitizers were, to some extent, aware of it. We provide evidence that the rise and fall of the subprime mortgage market follows a classic lending boom-bust scenario, in which unsustainable growth leads to the collapse of the market. Problems could have been detected long before the crisis, but they were masked by high house price appreciation between 2003 and 2005.

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Metadata

Authors
Demyanyk, Y., & Van Hemert, O.
Venue
Review of Financial Studies
Publisher
Oxford University Press (OUP)
Published
2009-05-04
Volume
24
Issue
6
Pages
1848-1880
ISSN
  • 0893-9454 (ISSN-L)
  • 1465-7368
DOI
10.1093/rfs/hhp033
OpenAlex
W4241957989
Cited by
989
References
21
FWCI
192.31
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Understanding the Subprime Mortgage Crisis. https://app.cochat.ai/papers/10.1093/rfs/hhp033
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Demyanyk, Y., & Van Hemert, O. (2011). Understanding the Subprime Mortgage Crisis. Review of Financial Studies. https://doi.org/10.1093/rfs/hhp033

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.