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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International and Foreign Exchange Markets
10 May 2008
SMP
– May 2008
exposures. The current credit crisis has its origins in the poor performance of securities backed by US mortgages, particularly sub-prime mortgages. ... Data for the fourth quarter released since the last Statement show a further sharp rise in
https://www.rba.gov.au/publications/smp/2008/may/intl-fx-mkts.html
Banks' Funding
10 Nov 2007
SMP
– November 2007
Australian banks' profits and assets have been growing strongly, their impaired assets are low by historical and international standards, and they have very little exposure to US sub-prime mortgages and
https://www.rba.gov.au/publications/smp/2007/nov/box-d.html
International and Foreign Exchange Markets
10 Feb 2008
SMP
– February 2008
These have revealed further substantial credit related write-downs, mainly for sub-prime exposures, which in some cases have led to large losses. ... 13). Since the onset of the crisis, the major banking institutions have announced around US$125 billion
https://www.rba.gov.au/publications/smp/2008/feb/intl-fx-mkts.html
List of graphs
10 May 2008
SMP
– May 2008
Graph 14: US Mortgage Delinquencies. ... Graph 15: US Sub-prime Delinquencies by Vintage.
https://www.rba.gov.au/publications/smp/2008/may/graphs.html
Domestic Financial Markets and Conditions
10 Nov 2007
SMP
– November 2007
As described in the chapter on ‘International and Foreign Exchange Markets’, there was a significant tightening in global credit and money markets triggered by developments in the US sub-prime mortgage ... The major Australian banks have almost no
https://www.rba.gov.au/publications/smp/2007/nov/dom-fin-mkts.html
Domestic Financial Markets and Conditions
10 Feb 2008
SMP
– February 2008
Australian banks have been marked down along with banks globally, despite having relatively little exposure to the US sub-prime housing market. ... While elevated, they remain significantly lower than those on US banks, in part reflecting the limited
https://www.rba.gov.au/publications/smp/2008/feb/dom-fin-mkts.html
Statement on Monetary Policy - November 2007
12 Nov 2007
SMP
PDF
748KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2007/nov/pdf/1107.pdf
Introduction
10 Aug 2007
SMP
– August 2007
Notwithstanding the strong overall performance of the world economy, international financial markets have experienced significant volatility in recent weeks, primarily stemming from the sub-prime mortgage market in the United States. ... The
https://www.rba.gov.au/publications/smp/2007/aug/intro.html
Statement on Monetary Policy - February 2008
19 Feb 2008
SMP
PDF
627KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2008/feb/pdf/0208.pdf
International and Foreign Exchange Markets
10 Aug 2008
SMP
– August 2008
Delinquencies and foreclosures for both sub-prime and prime loans rose further in the first quarter of 2008 (Graph 11) and data released since the last Statement indicate that delinquency rates ... Reflecting the credit turmoil, mortgage rates remain
https://www.rba.gov.au/publications/smp/2008/aug/intl-fx-mkts.html