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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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Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis? | Conference – 2008

14 Jul 2008 Conferences
E Philip Davis
This section provides a benchmark against which to compare previous episodes to the sub-prime crisis. ... By 2007 there was a growing realisation of potential losses on sub-prime mortgages (that is, credit risk) as US house prices fell and defaults
https://www.rba.gov.au/publications/confs/2008/davis.html

The Sub-prime Crisis: Causal Distortions and Regulatory Reform | Conference – 2008

14 Jul 2008 Conferences
Adrian Blundell-Wignall and Paul Atkinson
Delinquencies in sub-prime mortgages underlying RMBS and leveraged off-balance sheet conduits began to rise in early 2007, causing their prices to fall and generating losses on securities. ... Overall, the likely deleveraging process that will accompany
https://www.rba.gov.au/publications/confs/2008/blundell-wignall-atkinson.html

Discussion on Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis? | Conference –…

14 Jul 2008 Conferences
Philip focuses our attention on the implications of the sub-prime crisis for the ‘lender of last resort’ (LOLR) function of central banks. ... And yet it has precipitated the need for emergency liquidity support of a range of institutions, many of
https://www.rba.gov.au/publications/confs/2008/davis-disc.html

Table 3 in The Sub-prime Crisis: Causal Distortions and Regulatory Reform | Conference – 2008

14 Jul 2008 Conferences
RBA Annual Conference – 2008 The Sub-prime Crisis: Causal Distortions and Regulatory Reform. ... 35.92. 3.39. 31.87. 2.65. 31.18. 2.58. 37.16. Fixed mortgage rate. 0.024.
https://www.rba.gov.au/publications/confs/2008/blundell-wignall-atkinson-table-3.html

Table 2 in The Sub-prime Crisis: Causal Distortions and Regulatory Reform | Conference – 2008

14 Jul 2008 Conferences
RBA Annual Conference – 2008 The Sub-prime Crisis: Causal Distortions and Regulatory Reform. ... Residential mortgages – fully secured. 50. 35. 35. 61.5. 72.7. Retail lending (consumer).
https://www.rba.gov.au/publications/confs/2008/blundell-wignall-atkinson-table-2.html

Discussion on The Sub-prime Crisis: Causal Distortions and Regulatory Reform | Conference – 2008

14 Jul 2008 Conferences
Second, the timing is problematic. Most of the fraudulent and sub-prime mortgages that were packaged into collateralised debt obligations were apparently of the 2006–07 vintage. ... States. If banks' actions in originating sub-prime mortgages and
https://www.rba.gov.au/publications/confs/2008/blundell-wignall-atkinson-disc.html

The Rise in US Household Indebtedness: Causes and Consequences | Conference – 2007

20 Aug 2007 Conferences
Karen E Dynan and Donald L Kohn
As illustrated by the recent developments among sub-prime mortgage borrowers, excessive accumulation of debt can, in some circumstances, lead to financial distress. ... The most recent episode in the sub-prime mortgage sector started with a boom in
https://www.rba.gov.au/publications/confs/2007/dynan-kohn.html

Discussion of Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis?

22 Oct 2008 Conferences PDF 66KB
RBA Conference Volume 2008
https://www.rba.gov.au/publications/confs/2008/pdf/davis-disc.pdf

Discussion of The Sub-prime Crisis: Causal Distortions and Regulatory Reform

22 Oct 2008 Conferences PDF 85KB
RBA Conference Volume 2008
https://www.rba.gov.au/publications/confs/2008/pdf/blundell-wignall-atkinson-disc.pdf

Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis?

22 Oct 2008 Conferences PDF 148KB
RBA Conference Volume 2008
https://www.rba.gov.au/publications/confs/2008/pdf/davis.pdf