{"id":"https://openalex.org/W2116828060","doi":"https://doi.org/10.3386/w16244","title":"The Anatomy of a Residential Mortgage Crisis: A Look Back to the 1930s","display_name":"The Anatomy of a Residential Mortgage Crisis: A Look Back to the 1930s","publication_year":2010,"publication_date":"2010-07-01","ids":{"openalex":"https://openalex.org/W2116828060","doi":"https://doi.org/10.3386/w16244","mag":"2116828060"},"language":"en","primary_location":{"id":"doi:10.3386/w16244","doi":"https://doi.org/10.3386/w16244","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w16244","pdf_url":"https://doi.org/10.3386/w16244","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},"volume":null,"type":"report","is_traditional":false,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.3386/w16244","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5025539659","display_name":"Kenneth A. Snowden","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I169335092","display_name":"University of North Carolina at Greensboro","ror":"https://ror.org/04fnxsj42","country_code":"US","type":"education","lineage":["https://openalex.org/I169335092"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Kenneth Snowden","raw_affiliation_strings":["National Bureau of Economic Research (NBER)","University of North Carolina (UNC) at Greensboro - Bryan School of Business & Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Bureau of Economic Research (NBER)","institution_ids":["https://openalex.org/I1321305853"]},{"raw_affiliation_string":"University of North Carolina (UNC) at Greensboro - Bryan School of Business & Economics","institution_ids":["https://openalex.org/I169335092"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5025539659"],"corresponding_institution_ids":["https://openalex.org/I1321305853","https://openalex.org/I169335092"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":53,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9032999873161316,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9032999873161316,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.03669999912381172,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11817","display_name":"Housing, Finance, and Neoliberalism","score":0.021700000390410423,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/great-depression","display_name":"Great Depression","score":0.8709999918937683},{"id":"https://openalex.org/keywords/residential-mortgage-market","display_name":"residential mortgage market","score":0.800000011920929},{"id":"https://openalex.org/keywords/mortgage-insurance","display_name":"mortgage insurance","score":0.8019999861717224},{"id":"https://openalex.org/keywords/mortgage-securitization","display_name":"mortgage securitization","score":0.7929999828338623},{"id":"https://openalex.org/keywords/federal-housing-policy","display_name":"federal housing policy","score":0.6470000147819519},{"id":"https://openalex.org/keywords/state-housing-policy","display_name":"state housing policy","score":0.718999981880188},{"id":"https://openalex.org/keywords/institutional-disruption","display_name":"institutional disruption","score":0.45100000500679016}],"concepts":[{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4324575364589691},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.407928466796875},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.33465421199798584}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.3386/w16244","doi":"https://doi.org/10.3386/w16244","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w16244","pdf_url":"https://doi.org/10.3386/w16244","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"}],"best_oa_location":{"id":"doi:10.3386/w16244","doi":"https://doi.org/10.3386/w16244","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w16244","pdf_url":"https://doi.org/10.3386/w16244","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2116828060.pdf","grobid_xml":"https://content.openalex.org/works/W2116828060.grobid-xml"},"referenced_works_count":39,"referenced_works":["https://openalex.org/W96286630","https://openalex.org/W389893362","https://openalex.org/W601925157","https://openalex.org/W605537726","https://openalex.org/W609845182","https://openalex.org/W616656472","https://openalex.org/W1530754870","https://openalex.org/W1562964580","https://openalex.org/W1603885888","https://openalex.org/W1984524118","https://openalex.org/W1990287912","https://openalex.org/W2005774707","https://openalex.org/W2024881514","https://openalex.org/W2036892357","https://openalex.org/W2042760438","https://openalex.org/W2053497364","https://openalex.org/W2099518450","https://openalex.org/W2133616707","https://openalex.org/W2133712446","https://openalex.org/W2209404920","https://openalex.org/W2321610622","https://openalex.org/W2321838836","https://openalex.org/W2795922879","https://openalex.org/W2796831371","https://openalex.org/W2797816452","https://openalex.org/W2798154626","https://openalex.org/W2798228074","https://openalex.org/W2799900643","https://openalex.org/W2800456295","https://openalex.org/W2979839387","https://openalex.org/W3121165581","https://openalex.org/W3122171161","https://openalex.org/W3122768251","https://openalex.org/W3124870484","https://openalex.org/W3126022885","https://openalex.org/W4235655056","https://openalex.org/W4241544661","https://openalex.org/W6674753916","https://openalex.org/W6750366465"],"related_works":["https://openalex.org/W10844580","https://openalex.org/W4238227042","https://openalex.org/W3125001994","https://openalex.org/W2181403569","https://openalex.org/W2186726770","https://openalex.org/W1542018266","https://openalex.org/W7095222035","https://openalex.org/W4210846379","https://openalex.org/W4256415567","https://openalex.org/W1521213124"],"abstract_inverted_index":{"Looking":[0],"back":[1],"to":[2,8,61],"the":[3,6,21,24,29,31,37,40,50,55,90,102,105],"1930s":[4,38,103],"provides":[5],"opportunity":[7],"examine":[9],"one":[10],"severe":[11],"mortgage":[12,26,57],"crisis":[13,48],"as":[14],"we":[15],"live":[16],"through":[17],"another.This":[18],"paper":[19],"examines":[20],"development":[22,53],"of":[23,43,54,89,107],"residential":[25,56],"market":[27,58],"during":[28],"1920s,":[30],"institutional":[32],"disruptions":[33],"that":[34],"occurred":[35],"in":[36,65],"and":[39,45,52,59,72,78,86,95,104],"policy":[41],"response":[42],"federal":[44,84],"state":[46],"governments.The":[47],"reshaped":[49],"structure":[51],"led":[60],"a":[62],"postwar":[63],"system":[64],"which":[66],"portfolio":[67],"lenders":[68],"dominated":[69],"both":[70],"local":[71],"interregional":[73],"markets.Some":[74],"pre-1930":[75],"innovations-mortgage":[76],"insurance":[77],"high-leverage,":[79],"affordable":[80],"loans-were":[81],"written":[82],"into":[83],"programs":[85],"became":[87],"part":[88],"new":[91],"system.But":[92],"early":[93],"experiments":[94],"proposals":[96],"for":[97,112],"securitization":[98],"did":[99],"not":[100],"survive":[101],"implementation":[106],"this":[108],"innovation":[109],"was":[110],"delayed":[111],"forty":[113],"years.":[114]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":19},{"year":2018,"cited_by_count":8},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":5},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}