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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Domestic Financial Markets and Conditions
10 May 2007
SMP
– May 2007
Sub-prime loans in Australia are offered by a few specialist non-deposit taking lenders and account for just 1 per cent of all outstanding mortgages compared with 15 per cent ... Subsequent to the developments in the US, $1.4 billion of Australian
https://www.rba.gov.au/publications/smp/2007/may/dom-fin-mkts.html
List of graphs
10 Aug 2008
SMP
– August 2008
Graph 12: US Sub-prime Delinquencies by Vintage. ... Graph 21: US Issuance of Mortgage-backed Securities.
https://www.rba.gov.au/publications/smp/2008/aug/graphs.html
Discussion on Change and Constancy in the Financial System: Implications for Financial Distress and Policy | Conference – 2007
20 Aug 2007
Conferences
Without pretending to fully understand the events of recent weeks, let me use Claudio's approach to reflect on some of the possible causes of the sub-prime crisis. ... The question is – how could we have prevented the over-borrowing that took place in
https://www.rba.gov.au/publications/confs/2007/borio-disc.html
Statement on Monetary Policy - August 2007
24 Sep 2007
SMP
PDF
673KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2007/aug/pdf/0807.pdf
Statement on Monetary Policy - May 2007
3 May 2007
SMP
PDF
821KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2007/may/pdf/0507.pdf
International and Foreign Exchange Markets
10 Nov 2007
SMP
– November 2007
Data had been indicating for some time that US housing market conditions were deteriorating and delinquencies on sub-prime mortgages, in particular, were rising rapidly. ... Write-downs in asset values were mainly related to securities associated with US
https://www.rba.gov.au/publications/smp/2007/nov/intl-fx-mkts.html
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
Discussion of Change and Constancy in the Financial System: Implications for Financial Distress and Policy
20 Nov 2007
Conferences
PDF
58KB
RBA Conference Volume 2007
https://www.rba.gov.au/publications/confs/2007/pdf/borio-disc.pdf
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
The Unfolding Turmoil of 2007–2008: Lessons and Responses
22 Oct 2008
Conferences
PDF
158KB
RBA Conference Volume 2008
https://www.rba.gov.au/publications/confs/2008/pdf/cohen-remolona.pdf