Search: Sub-prime mortgage
RBA Glossary definition for Sub-prime mortgage
Sub-prime mortgage – While there is no precise definition of sub-prime mortgages, in the United States, they are typically loans made to borrowers with impaired credit histories, which might include one or more payment defaults, a previous loan foreclosure, or bankruptcy.
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Domestic Financial Markets and Conditions
10 May 2007
SMP
– May 2007
Sub-prime loans in Australia are offered by a few specialist non-deposit taking lenders and account for just 1 per cent of all outstanding mortgages compared with 15 per cent ... Subsequent to the developments in the US, $1.4 billion of Australian
https://www.rba.gov.au/publications/smp/2007/may/dom-fin-mkts.html
7 August 2007 | Minutes of the Monetary Policy Meeting of the Board
7 Aug 2007
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 August 2007
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2007/07082007.html
The Global Financial Environment
10 Mar 2009
FSR
– March 2009
Though the initial rise in US housing loan arrears mainly reflected sub-prime mortgages – particularly adjustable-rate mortgages as interest rates rose from initial low rates – arrears rates across all mortgages ... In the December quarter 2008,
https://www.rba.gov.au/publications/fsr/2009/mar/global-fin-env.html
Discussion on The Australian Financial System in the 2000s: Dodging the Bullet | Conference – 2011
24 Jul 2000
Conferences
Lending standards in the United States, especially in sub-prime mortgages, evidently deteriorated markedly in the period leading up to the crisis. ... Because Australian mortgages tend to be written with variable rates, households rather than banks bear
https://www.rba.gov.au/publications/confs/2011/davis-disc.html
The Australian Financial System
10 Mar 2008
FSR
– March 2008
Consistent with this, and as noted above, Australian banks' exposures to the US sub-prime mortgage market problems are small, and mainly indirect, through channels such as lines of credit to ... less than one per cent of total industry assets are
https://www.rba.gov.au/publications/fsr/2008/mar/aus-fin-sys.html
Overview
10 Mar 2007
FSR
– March 2007
Against this favourable background, the past month has seen an increase in volatility in some markets, and notably, a sharp pick-up in loan arrears in sub-prime residential mortgages in ... Surveys suggest that, in aggregate, households are generally
https://www.rba.gov.au/publications/fsr/2007/mar/overview.html
Introduction | Conference – 2008
14 Jul 2008
Conferences
with adverse news about the US sub-prime mortgage market gaining prominence in June and July 2007. ... They posit that these policy shifts drove the rise in sub-prime mortgage lending, from which the financial crisis stemmed.
https://www.rba.gov.au/publications/confs/2008/intro-2008.html
International and Foreign Exchange Markets
10 Nov 2007
SMP
– November 2007
Data had been indicating for some time that US housing market conditions were deteriorating and delinquencies on sub-prime mortgages, in particular, were rising rapidly. ... Write-downs in asset values were mainly related to securities associated with US
https://www.rba.gov.au/publications/smp/2007/nov/intl-fx-mkts.html
The Australian Financial System
10 Sep 2008
FSR
– September 2008
Consistent with this, Australia's largest general insurers have not reported any direct exposure to US sub-prime risk through their investment portfolios. ... Notwithstanding this, Australian superannuation funds have limited exposures to US sub-prime
https://www.rba.gov.au/publications/fsr/2008/sep/aus-fin-sys.html
The Australian Financial System in the 2000s: Dodging the Bullet | Conference – 2011
24 Jul 2000
Conferences
Fourth, securitisation grew rapidly up until the GFC, with both international and domestic demand then drying up such that the stock of residential mortgage-backed securities (RMBS) on issue fell (as ... It is also noticeable that other liabilities
https://www.rba.gov.au/publications/confs/2011/davis.html