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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Ownership of Australian Equities and Corporate Bonds
10 Sep 2010
Bulletin
– September 2010
Graph 5. Securitisation markets globally were greatly affected by investors' reappraisal of risk following the collapse of the US sub-prime market in 2007. ... Bulletin. , November, pp 1–6. Debelle G (2008), ‘A Comparison of the US and Australian
https://www.rba.gov.au/publications/bulletin/2010/sep/4.html
Financial Innovation: What Have We Learnt? | Conference – 2008
14 Jul 2008
Conferences
Many investors in residential mortgage-backed securities (RMBS) and CDOs of ABS linked to US sub-prime mortgages have been surprised by the extent to which the performance of these instruments ... It was the combination of these misaligned incentives
https://www.rba.gov.au/publications/confs/2008/jenkinson-penalver-vause.html
The Unfolding Turmoil of 2007–2008: Lessons and Responses | Conference – 2008
20 Aug 2007
Conferences
What led these spreads to behave in this way? Although US sub-prime mortgage default rates, and the spreads on associated securities, had been rising since late 2006, the first significant ... Once the first sub-prime mortgage defaults materialised,
https://www.rba.gov.au/publications/confs/2008/cohen-remolona.html
Discussion on Risk and the Transformation of the Australian Financial System | Conference – 2007
20 Aug 2007
Conferences
It is at least arguable (with the admitted benefit of hindsight) that the current crisis in the US sub-prime mortgage market may have been less severe had US monetary policy ... ANZ does not actively participate in the ‘sub-prime’ market, and does
https://www.rba.gov.au/publications/confs/2007/ryan-thompson-disc.html
Discussion on Change and Constancy in the Financial System: Implications for Financial Distress and Policy | Conference – 2007
20 Aug 2007
Conferences
Without pretending to fully understand the events of recent weeks, let me use Claudio's approach to reflect on some of the possible causes of the sub-prime crisis. ... The question is – how could we have prevented the over-borrowing that took place in
https://www.rba.gov.au/publications/confs/2007/borio-disc.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
Lessons from the Financial Turmoil of 2007 and 2008
10 Oct 2008
Bulletin
– October 2008
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/bulletin/2008/oct/1.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
Risk and the Transformation of the Australian Financial System | Conference – 2007
20 Aug 2007
Conferences
opposed to the underlying, predominantly offshore, funds); and the Australian single-manager funds tend to use global investment banks as their prime brokers. ... which account for only about 1 per cent of the stock of housing loans, the arrears rate is
https://www.rba.gov.au/publications/confs/2007/ryan-thompson.html
The Structure and Resilience of the Financial System
10 Nov 2007
Bulletin
– November 2007
A reminder of some of the uncertainties here was provided by the problems in the United States sub-prime mortgage market and the resulting turmoil in global financial markets that were ... In the market for housing loans, this has been spurred by the
https://www.rba.gov.au/publications/bulletin/2007/nov/2.html