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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Covered Bonds in Australia
15 Sep 2017
Bulletin
– September 2017
Since their introduction in Australia in 2011, the stock of covered bonds has grown to around billion, or around 15 per cent of Australian financial institutions' long-term debt. Covered bonds are a form of secured funding backed by both the issuer
https://www.rba.gov.au/publications/bulletin/2017/sep/7.html
Household Debt: What the Data Show
10 Mar 2003
Bulletin
– March 2003
Thirdly, the development of new products, particularly home-equity loans and mortgages with a redraw facility, has enabled borrowers to add to their mortgage over time, rather than to pay it ... In Australia, this practice is widespread given the
https://www.rba.gov.au/publications/bulletin/2003/mar/1.html
Recent Developments in Interest Rates on Bank Lending
10 Apr 1999
Bulletin
– April 1999
4.00. 6.50. Basic. 3.05. 5.90. Mortgage managers. Standard variable. 2.80. 6.10. ... This cut largely closed the gap between the interest rate on banks' standard variable-rate loans and mortgage managers' rates.
https://www.rba.gov.au/publications/bulletin/1999/apr/1.html
The Australian Government Guarantee Scheme: 2008–15
17 Mar 2016
Bulletin
– March 2016
The Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding (the Guarantee Scheme or scheme) was introduced during the global financial crisis in response to similar measures taken in other countries, and to address extreme
https://www.rba.gov.au/publications/bulletin/2016/mar/5.html
Shadow Banking – International and Domestic Developments
19 Mar 2015
Bulletin
– March 2015
One of the lessons from the global financial crisis is that systemic risk to the financial system can arise from outside the regular banking system, in so-called ‘shadow banking’. This article reviews post-crisis international and domestic
https://www.rba.gov.au/publications/bulletin/2015/mar/8.html
Insights from the Household Expenditure Survey
10 Dec 2011
Bulletin
– December 2011
The increase largely reflects the rise in interest payments on mortgage debt and rising rents (Graph 2). ... without mortgage debt) increasing from 79 per cent in 2003/04 to 98 per cent.
https://www.rba.gov.au/publications/bulletin/2011/dec/1.html
June | 2015
18 Jun 2015
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2015/jun/
Statement on Monetary Policy
10 Nov 2005
Bulletin
– November 2005
Statement on Monetary Policy-November 2005
https://www.rba.gov.au/publications/bulletin/2005/nov/1.html
Statement on Monetary Policy
10 Feb 2002
Bulletin
– February 2002
equity accessed through mortgage refinancing offset the effects of the deterioration in the labour market. ... Inflationary pressures have also eased in the UK, with consumer prices excluding mortgage interest payments increasing by 1.9 per cent over the
https://www.rba.gov.au/publications/bulletin/2002/feb/1.html
Statement on Monetary Policy
10 Aug 2002
Bulletin
– August 2002
While the unemployment rate has remained at historically low levels, inflation (excluding mortgage payments) has slowed to around 1 per cent in year-ended terms. ... An ABS housing survey reported that in 1999, more than 30 per cent of home owners with a
https://www.rba.gov.au/publications/bulletin/2002/aug/1.html