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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Lending Behaviour
31 Dec 2013
RDP
2013-15
Australia is one of a number of countries with a mortgage market dominated by variable rates. ... Table 2: Discounts on Major Banks' Securitised Residential Mortgages. New loans originated in 2012, basis points.
https://www.rba.gov.au/publications/rdp/2013/2013-15/lending-behaviour.html
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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
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
PDF
1774KB
model, known as MARTIN (Ballantyne et al 2019), the difference between banks’ mortgage rates. ... mortgage rates. The high degree of estimated nonlinearity also means that the starting point.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf
The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
14 Feb 2020
RDP
PDF
1878KB
the mortgage market affects the potency of monetary policy (Beraja et al 2019). ... because the level. of mortgage debt depends on past changes in monetary policy).
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-02.pdf
Promoting Liquidity: Why and How?
27 Oct 2008
RDP
2008-06
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2008/2008-06.html
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A Survey of Housing Equity Withdrawal and Injection in Australia
1 Aug 2006
RDP
2006-08
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2006/2006-08.html
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Research Discussion Papers 2011–2020
31 Dec 2011
RDP
RDP 2019-06 The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data. ... RDP 2014-13 Mortgage-related Financial Difficulties: Evidence from Australian Micro-level Data.
https://www.rba.gov.au/publications/rdp/2011-2020.html
How Risky is Australian Household Debt?
19 Aug 2020
RDP
PDF
1880KB
severe downturn thanks to moderate loan-to-valuation ratios on residential mortgages; and the. ... on most outstanding mortgages). Furthermore, the high level of household debt in Australia.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-05.pdf
The Property Ladder after the Financial Crisis: The First Step is a Stretch but Those Who Make It Are Doing OK
1 Sep 2017
RDP
2017-05
na. 0.08. 0.12. Variable mortgage rate. na. na. 0.04. Major urban area. ... Variable mortgage rate. na. 0.01. 0.01. Major urban area. na. 0.51.
https://www.rba.gov.au/publications/rdp/2017/2017-05/full.html
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Appendix A: Imputed Rent and the Distributions of Household Expenditure and Income
31 Dec 2015
RDP
2015-15
In other words, we replace mortgage interest payments (and associated housing costs, such as maintenance) with gross imputed rent. ... The ‘spread’ between the imputed rental yield and the mortgage interest rate (ri).
https://www.rba.gov.au/publications/rdp/2015/2015-15/appendix-a.html
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