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RBA Glossary definition for RMBS

RMBS – Residential Mortgage-backed securities

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Domestic Financial Conditions

6 May 2022 SMP – May 2022
Of the $10 billion residential mortgage backed securities (RMBS) issued in the quarter, non-banks issued $8 billion (Graph 3.14). ... Spreads on RMBS have risen for both banks and non-banks since the start of the year, likely reflecting increased
https://www.rba.gov.au/publications/smp/2022/may/domestic-financial-conditions.html

The Reserve Bank's Collateral Framework

7 Dec 2017 Bulletin – December 2017
Yasaman Naghiloo and David Olivan
The Reserve Bank, like other central banks, holds collateral to reduce the risk of financial loss in its domestic market operations. The Reserve Bank's collateral framework sets out how the diverse portfolio of collateral assets is managed and
https://www.rba.gov.au/publications/bulletin/2017/dec/2.html

2024

18 Jan 2024 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2024/

Domestic Financial Conditions

4 Feb 2022 SMP – February 2022
Graph 3.14. Issuance of residential mortgage backed securities (RMBS) in 2021 was higher than in recent years, owing to the high level of issuance by non-banks (Graph 3.15). ... Pricing on RMBS throughout 2021 remained at the most attractive levels for
https://www.rba.gov.au/publications/smp/2022/feb/domestic-financial-conditions.html

December | 2018

13 Jul 2022 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2018/dec/

Domestic Financial Conditions

5 Aug 2022 SMP – August 2022
Graph 3.12. Issuance of residential mortgage backed securities (RMBS) remained robust in the June quarter and saw the first issuance by a major bank since 2021, although issuance by ... Spreads on RMBS have widened since early in the year to be slightly
https://www.rba.gov.au/publications/smp/2022/aug/domestic-financial-conditions.html

September | 2018

20 Sep 2018 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2018/sep/

Domestic Financial Conditions

4 Feb 2021 SMP – February 2021
Nonetheless, benchmark rates also declined significantly over 2020, causing yields on RMBS to decline to historically low levels. ... Spreads on ADI RMBS fell below the levels observed at the beginning of 2020, consistent with the decline in RMBS
https://www.rba.gov.au/publications/smp/2021/feb/domestic-financial-conditions.html

Domestic Financial Conditions

6 Aug 2021 SMP – August 2021
Even so, in July Macquarie Bank issued the second-largest RMBS since the Global Financial Crisis, at $3.8 billion. ... RMBS spreads to benchmark rates remained well below pre-pandemic levels as investors sought alternative investments to bank bonds.
https://www.rba.gov.au/publications/smp/2021/aug/domestic-financial-conditions.html

Domestic Financial Conditions

9 Aug 2019 SMP – August 2019
Graph 3.4. Issuance of residential mortgage-backed securities (RMBS) increased strongly in the June quarter to its highest level since the global financial crisis (Graph 3.5).
https://www.rba.gov.au/publications/smp/2019/aug/domestic-financial-conditions.html