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
The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data
9 Jul 2019
RDP
PDF
2076KB
The Effect of Mortgage Debt on Consumer Spending: Evidence from. Household-level Data. ... The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-06.pdf
Housing Prices, Mortgage Interest Rates and the Rising Share of Capital Income in the United States
25 May 2016
RDP
PDF
1165KB
rates, higher mortgage debt and constraints on home building (due to either geographic. ... month. The survey includes conventional mortgages. It excludes multi-family loans and refinanced.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-04.pdf
The Rise in Household Liquidity
24 Nov 2021
RDP
PDF
1793KB
Keywords: household liquidity, mortgage debt, housing prices, liquidity constraints, amortisation. Table of Contents. ... makes it easier for households to save through mortgage prepayment. Mortgages with offset accounts currently comprise around 40 per
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-10.pdf
Do Australian Households Borrow to Keep up with the Joneses?
8 Nov 2022
RDP
PDF
1659KB
and examine its composition. I categorise debt into: mortgage debt, consumer debt (non-mortgage,. ... Non-mortgage. Credit card Hire purchase Car Business Investment. Gini coefficient –0.22.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-06.pdf
Labour Force Participation and Household Debt
27 Jun 2007
RDP
PDF
598KB
Shamsuddin (1998), using cross-section data, finds that total mortgage debt has a significant positive. ... refinance, the bank is able to reassess income and reapply the mortgage borrowing constraint.
https://www.rba.gov.au/publications/rdp/2007/pdf/rdp2007-05.pdf
Trends in the Funding and Lending Behaviour of Australian Banks
2 Feb 2015
RDP
PDF
1090KB
Australia is one of a number of countries with a mortgage market dominated by variable rates. ... 16 This means that, while Australian households bear more interest rate risk on their mortgage.
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-15.pdf
The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment
25 Jan 2023
RDP
PDF
1588KB
Further, prime borrowers in these zipcodes also showed strong growth in mortgage debt. ... 0. 1. 2. Log(normalisedprice). Log(normalisedprice). Inferred supply. Demand with 6.5%mortgage rate.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-01.pdf
The Household Cash Flow Channel of Monetary Policy
14 Dec 2016
RDP
PDF
1053KB
flows and durable goods spending of households with variable-rate mortgage debt increases. ... mortgage borrowers can prepay their mortgages without penalty. So when mortgage lending rates.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-12.pdf
The Property Ladder after the Financial Crisis: The First Step is a Stretch but Those Who Make It Are Doing OK
6 Sep 2017
RDP
PDF
1368KB
been observed in other advanced economies. It has also occurred despite increased mortgage. ... price index, state first home buyer government incentives, variable mortgage rates, urban area.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-05.pdf
Liquidity Shocks and the US Housing Credit Crisis of 2007–2008
2 Feb 2015
RDP
PDF
756KB
5. 2. Institutional Background. Mortgage securitisation refers to the process of pooling mortgages into securitiesthat are then sold to investors on a secondary market. ... Securitised bonds backed by home mortgages are known as ‘residential
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-05.pdf