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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Developing Housing Finance Systems | Conference – 2012
20 Aug 2012
Conferences
Participants in the secondary market include mortgage securitisers, who bundle and repackage mortgages (or parts of mortgages) to create new securities, and investors in these mortgage securities. ... Across economies, mortgage terms also vary. WW note
https://www.rba.gov.au/publications/confs/2012/warnock-warnock.html
Lessons from the Financial Turmoil of 2007 and 2008
14 Jul 2008
Conference
–
2008
The Reserve Bank of Australia 2008 conference, ‘Lessons from the Financial Turmoil of 2007 and 2008’
https://www.rba.gov.au/publications/confs/2008/
Financial Innovation for an Ageing World | Conference – 2006
23 Jul 2006
Conferences
reverse mortgages, securitisation of longevity risk, inflation-protected assets, reinsurance, guarantees, derivative contracts on residential property price indices, mortality swaps, and longevity derivative contracts. ... For instance, these could
https://www.rba.gov.au/publications/confs/2006/mitchell-piggott-sherris-yow.html
Financial System Liquidity, Asset Prices and Monetary Policy | Conference – 2005
11 Jul 2005
Conferences
Among other things, mortgages may have embedded option elements such as early repayment. ... Here, marking to market is the key. For the US, the prevalence of mortgage-backed instruments as the prime source of finance for the property sector means that
https://www.rba.gov.au/publications/confs/2005/shin.html
The Transmission of Monetary Policy through Banks' Balance Sheets | Conference – 2018
12 Apr 2018
Conferences
1.7. MB. The Reserve Bank of Australia's (RBA's) policy rate (known as the ‘cash rate’) is not directly linked to the interest rates Australians pay on their mortgages, ... For example, if households erroneously believe the link between the cash rate
https://www.rba.gov.au/publications/confs/2018/brassil-cheshire-muscatello.html
The Rise of Household Indebtedness | Conference – 2007
20 Aug 2007
Conferences
b). Volatility in nominal mortgage rate. (c). Unemployment rate. (d). Financial market flexibility. ... per cent of mortgages had an initial LTV ratio of over 100 per cent (Debelle 2004).
https://www.rba.gov.au/publications/confs/2007/kent-ossolinski-willard.html
The Australian Financial System in the 1990s | Conference – 2000
21 Jun 1990
Conferences
The most compelling example is provided by the market for residential mortgages, where the margin between the standard mortgage rate and the cash rate fell from a historically high 4 percentage ... accounts and $8 on mortgage accounts, whereas in 1990
https://www.rba.gov.au/publications/confs/2000/gizycki-lowe.html
When is a Housing Market Overheated Enough to Threaten Stability? | Conference – 2012
20 Aug 2012
Conferences
Figure 2 shows an alternative US housing price index, the Core-Logic index, which is based on prices for a wider range of homes financed with prime and non-prime mortgages, ... Mortgage delinquency and the proportion of mortgages entering foreclosure
https://www.rba.gov.au/publications/confs/2012/muellbauer.html
Financial Stability in a Low Interest Rate Environment: An Australian Case Study | Conference – 2017
16 Mar 2017
Conferences
the household saving ratio turned around and began to rise; and mortgage arrears rates stayed low overall. ... APRA therefore strives to ensure that the mortgage business of the banking sector remains low risk.
https://www.rba.gov.au/publications/confs/2017/ellis-littrell.html
Property Prices and Bank Risk-taking | Conference – 2012
20 Aug 2012
Conferences
Thus, rising prices helped interest rates remain low along the entire mortgage production chain. ... except in a sub-sample of euro area countries (Fatás et al 2009).
https://www.rba.gov.au/publications/confs/2012/dellariccia.html