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RBA Glossary definition for RMBS

RMBS – Residential Mortgage-backed securities

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Institutional Background

31 Dec 2013 RDP 2013-05
Gianni La Cava
Securitised bonds backed by home mortgages are known as ‘residential mortgage-backed securities’ (RMBS). ... In the United States, the RMBS market can be divided into two sectors: agency and non-agency (or private-label) RMBS.
https://www.rba.gov.au/publications/rdp/2013/2013-05/institutional-background.html

Literature Review

31 Dec 2013 RDP 2013-05
Gianni La Cava
According to US flow of funds data, the outstanding value of RMBS (US$6.4 trillion) was twice as large as the outstanding value of non-deposit liabilities owed by private depository ... SIFMA) suggest that RMBS issuance fell by about US$1 trillion
https://www.rba.gov.au/publications/rdp/2013/2013-05/literature-review.html

References

31 Dec 2013 RDP 2013-05
Gianni La Cava
Collapse of the Private-Label RMBS Market’, Paper presented at ‘Regulation of Systemic Risk’, a Conference sponsored by the Federal Reserve Board and.
https://www.rba.gov.au/publications/rdp/2013/2013-05/references.html

Data

31 Dec 2013 RDP 2013-05
Gianni La Cava
The averaging process also smoothes the data and minimises any ‘lumpiness’ in RMBS transactions by financial institutions.
https://www.rba.gov.au/publications/rdp/2013/2013-05/data.html