Search: RMBS
RBA Glossary definition for RMBS
RMBS – Residential Mortgage-backed securities
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The Australian Financial System
10 Sep 2008
FSR
– September 2008
As noted in the March 2008 Review, conditions have been difficult in both the ABCP market and the RMBS market. ... At these spreads, funding mortgages by issuing RMBS is unlikely to be profitable for many types of loans at existing mortgage rates.
https://www.rba.gov.au/publications/fsr/2008/sep/aus-fin-sys.html
The Australian Financial System
10 Mar 2008
FSR
– March 2008
While the cost of these facilities has also risen significantly, the increase has not been as large as the rise in RMBS spreads. ... Mortgage insurance provides protection for lenders against borrower default, and is also a form of credit enhancement in
https://www.rba.gov.au/publications/fsr/2008/mar/aus-fin-sys.html
The Global Financial Environment
10 Sep 2007
FSR
– September 2007
the estimated US$2 trillion of RMBS issued in 2006, around a quarter were backed by sub-prime mortgages. ... For tranches of sub-prime RMBS rated BBB-, the index has fallen to around 40 per cent of par value since the beginning of the year (Graph 3).
https://www.rba.gov.au/publications/fsr/2007/sep/global-fin-env.html
The Australian Financial System
10 Apr 2018
FSR
– April 2018
Favourable funding conditions in residential mortgage-backed security (RMBS) markets have also contributed. ... 10). This supported non-bank RMBS issuance over 2017, which was higher than in any other year since the financial crisis.
https://www.rba.gov.au/publications/fsr/2018/apr/australian-financial-system.html
The Australian Financial System
21 Apr 2017
FSR
– April 2017
For example, mortgage originators' residential mortgage-backed securities (RMBS) are backed by higher shares of loans with low documentation and high loan-to-valuation ratios. ... Mortgage originators' issuance of RMBS picked up in late 2016 as market
https://www.rba.gov.au/publications/fsr/2017/apr/aus-fin-sys.html
The Australian Financial System
20 Apr 2016
FSR
– April 2016
Issuance of RMBS by entities other than ADIs in 2015 was lower than in 2014 and there has been modest non-ADI RMBS issuance since November 2015 (as discussed above). ... The higher cost of funding via RMBS is likely to curtail the capacity of the
https://www.rba.gov.au/publications/fsr/2016/apr/aus-fin-sys.html
Recent Influences on the Competitive Environment | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector |…
6 Sep 2017
Submissions
While the Australian government provided some support for the RMBS market to ensure that it continued to function, issuance volumes were significantly reduced. ... However, RMBS costs remain higher than before the financial crisis and relative to other
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/recent-influences-on-the-competitive-environment.html
List of graphs | Submission to the Financial System Inquiry March 2014 | Financial Sector | Submissions
1 Mar 2014
Submissions
Graph 5.40: Issuers of RMBS. ... Graph 5.41: Australian RMBS.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/graphs.html
The Australian Financial System
10 Sep 2010
FSR
– September 2010
No losses have been borne by investors in a rated tranche of an Australian prime RMBS. ... Credit enhancements such as lenders' mortgage insurance continue to fully cover any losses on prime RMBS (after proceeds from property sales).
https://www.rba.gov.au/publications/fsr/2010/sep/aus-fin-sys.html
The Global Financial Environment
10 Mar 2008
FSR
– March 2008
Issuance of residential mortgage-backed securities (RMBS) has declined sharply since the turmoil began, and spreads have widened significantly. ... Current prices imply losses on the underlying RMBS – including AAA-rated tranches – many times greater
https://www.rba.gov.au/publications/fsr/2008/mar/global-fin-env.html