Specific Analysis of Subprime Mortgage Crisis The subprime mortgage crisis is an ongoing financial crisis triggered by a dramatic rise in mortgage delinquencies and foreclosures in the united states with major adverse consequences for banks and financial markets around the globeSpecific Analysis of Subprime Mortgage Crisis The subprime mortgage crisis is an ongoing financial crisis triggered by a dramatic rise in mortgage delinquencies and foreclosures in the United States, with major adverse consequences for banks and financial markets around the globe