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.
Search Results
Introduction
10 Nov 2007
SMP
– November 2007
Global financial markets have experienced a period of significant volatility over the past three months, as the strains emanating from the sub-prime debt market in the US spilled over, particularly ... In recent weeks, a number of mortgage-backed
https://www.rba.gov.au/publications/smp/2007/nov/intro.html
Discussion on Banking Concentration, Financial Stability and Public Policy | Conference – 2007
20 Aug 2007
Conferences
In the context of problems in the US sub-prime mortgage market, one participant wondered whether it was possible to provide sufficient liquidity without providing respite for those who should face ... to use mortgages as collateral for their borrowings
https://www.rba.gov.au/publications/confs/2007/davis-disc.html
Discussion on Finance and Welfare States in Globalising Markets | Conference – 2007
20 Aug 2007
Conferences
income. Participants also raised some interesting questions about the recent turmoil in the sub-prime mortgage market. ... He also thought that the model of originating and selling mortgages had reduced the incentives to monitor the quality of these
https://www.rba.gov.au/publications/confs/2007/bertola-disc.html
International Economic Developments
10 Aug 2007
SMP
– August 2007
While mortgage repayment distress has been largely contained to the sub-prime market, conditions may deteriorate further as some loans are reset to higher interest rates over the coming year (for ... more details on recent developments in the US
https://www.rba.gov.au/publications/smp/2007/aug/intl-eco-dev.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
Discussion on The Unfolding Turmoil of 2007–2008: Lessons and Responses | Conference – 2008
20 Aug 2007
Conferences
As defaults on US sub-prime mortgages have risen, liquidity in global capital markets has become scarce. ... house price bubble in the United States, and the sub-prime mortgage problems were just one symptom of this much bigger concern.
https://www.rba.gov.au/publications/confs/2008/cohen-remolona-disc.html
Wrap-up Discussion | Conference – 2008
14 Jul 2008
Conferences
occurred with many of the financial innovations that have underpinned the sub-prime crisis. ... What differs each time is the set of assets or financial instruments at the centre of the event, be they railway shares, tech stocks, emerging market debt or
https://www.rba.gov.au/publications/confs/2008/wrap-up-disc-2008.html
Discussion on Recent Developments in Federal Reserve System Liquidity and Reserve Operations | Conference – 2008
14 Jul 2008
Conferences
a certain extent, US sub-prime mortgages) differed significantly from that to the bank-sponsored programs (which were predominately of a classic structure relying on loan receivables).
https://www.rba.gov.au/publications/confs/2008/hilton-disc.html
Discussion on Innovation and Integration in Financial Markets and the Implications for Financial Stability | Conference – 2007
20 Aug 2007
Conferences
As a result, models which rely on the historical default and loss rates of residential mortgages held in portfolio may underestimate the losses that may arise for mortgage loans that have ... called sub-prime category.
https://www.rba.gov.au/publications/confs/2007/hamilton-jenkinson-penalver-disc.html
Change and Constancy in the Financial System: Implications for Financial Distress and Policy | Conference – 2007
20 Aug 2007
Conferences
And the recent signs of market strains in the case of the US sub-prime market attest to the potential losses involved. ... The wide dispersion of valuations of tranches of mortgage-backed securities exposed recently in connection with the strains at some
https://www.rba.gov.au/publications/confs/2007/borio.html