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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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
Financial Intermediaries
10 Mar 2004
FSR
– March 2004
In particular, default rates for US sub-prime mortgage borrowers (i.e. those with blemished or non-existent credit records) have shown some tendency to be more sensitive to an economic ... Overall, around a fifth of all loans are covered by lenders'
https://www.rba.gov.au/publications/fsr/2004/mar/fin-intermed.html
The Australian Financial System
10 Sep 2007
FSR
– September 2007
More generally, Australian banks have only minimal exposures to the US sub-prime mortgage market and any exposures are generally through indirect channels, such as lines of credit to funding vehicles. ... The higher funding costs have also caused a
https://www.rba.gov.au/publications/fsr/2007/sep/aus-fin-sys.html
The Australian Financial System
10 Mar 2009
FSR
– March 2009
One is that Australian banks typically have only limited direct exposures to the types of securities – such as CDOs and US sub-prime residential mortgage-backed securities – that have led to ... Consistent with this conservative investment mix,
https://www.rba.gov.au/publications/fsr/2009/mar/aus-fin-sys.html
Financial Intermediaries
10 Mar 2006
FSR
– March 2006
These declines have allowed lenders that securitise mortgages to make loans at lower rates than would otherwise have been the case. ... Non-conforming lending – often referred to as sub-prime lending – is another aspect of housing finance that has
https://www.rba.gov.au/publications/fsr/2006/mar/fin-intermed.html
The Global Financial Environment
10 Mar 2010
FSR
– March 2010
arrears. Loan quality remains particularly poor on sub-prime mortgages, with around one quarter of such mortgages more than 30 days in arrears, but prime loans, whether on lenders' balance sheets ... Also in February, the Swedish financial regulator
https://www.rba.gov.au/publications/fsr/2010/mar/global-fin-env.html
The Macroeconomic and Financial Environment
10 Mar 2007
FSR
– March 2007
In the past month, financial markets have again experienced an increase in volatility, reflecting a sharp fall in the Chinese share market, problems in the US sub-prime mortgage market and ... and problems in the US sub-prime mortgage market.
https://www.rba.gov.au/publications/fsr/2007/mar/mac-fin-env.html
Developments in the Financial System Architecture
10 Mar 2009
FSR
– March 2009
financial products, including US sub-prime RMBS and CDOs. ... As part of this process, the UCCC will also be extended to cover the provision of consumer mortgages over residential investment properties.
https://www.rba.gov.au/publications/fsr/2009/mar/dev-sys-arch.html
Household and Business Balance Sheets
10 Sep 2007
FSR
– September 2007
Non-conforming loans are the closest equivalent to sub-prime loans in the United States and represent only about 1 per cent of housing loans in Australia, compared with the ... lower than the equivalent arrears rate on sub-prime loans in the United
https://www.rba.gov.au/publications/fsr/2007/sep/house-bus-bal-sheet.html
Household and Business Balance Sheets
10 Sep 2011
FSR
– September 2011
The near absence of sub-prime housing loans in Australia relative to the United States is one prominent example. ... Third, as noted above, a large share of mortgage borrowers in Australia make excess repayments.
https://www.rba.gov.au/publications/fsr/2011/sep/house-bus-bal-sheet.html