Search: lender
RBA Glossary definition for lender
lender – A person or institution which provides loans on agreed terms to borrowers.
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Stylised Facts
22 Jul 2020
RDP
2020-03
In Australia, lenders issue borrowers with a notice of default once a loan enters 90+ day arrears (ASIC nd). ... Lenders will also typically delay legal proceedings when borrowers provide evidence that they are in the process of selling their property.
https://www.rba.gov.au/publications/rdp/2020/2020-03/stylised-facts.html
The Determinants of Mortgage Defaults in Australia – Evidence for the Double-trigger Hypothesis
22 Jul 2020
RDP
2020-03
In Australia, lenders issue borrowers with a notice of default once a loan enters 90+ day arrears (ASIC nd). ... Where a lender extends some leniency towards the borrower, foreclosure will not occur immediately upon Equation (2a) being satisfied.
https://www.rba.gov.au/publications/rdp/2020/2020-03/full.html
Data Description
22 Jul 2020
RDP
2020-03
This represents roughly one-quarter of the total value of housing loans in Australia and includes mortgages from most lenders. ... The calculation does not take into account additional debts, such as credit card debts or debts with other lenders.
https://www.rba.gov.au/publications/rdp/2020/2020-03/data-description.html
Estimation Strategy
22 Jul 2020
RDP
2020-03
However, the timing of foreclosure is also determined by the lender, which faces incomplete information regarding the situation and preferences of the borrower. ... Where a lender extends some leniency towards the borrower, foreclosure will not occur
https://www.rba.gov.au/publications/rdp/2020/2020-03/estimation-strategy.html
References
22 Jul 2020
RDP
2020-03
Download the Paper 1,854. KB. Adelino M, K Gerardi and PS Willen (2013), ‘Why Don't Lenders Renegotiate More Home Mortgages?
https://www.rba.gov.au/publications/rdp/2020/2020-03/references.html
Results
22 Jul 2020
RDP
2020-03
First, lenders raised their standard variable rates for investor and interest-only (IO) loans in 2015 and 2017, typically by between 20 and 100 basis points (Kent 2017; Kohler 2017).
https://www.rba.gov.au/publications/rdp/2020/2020-03/results.html