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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Banks' Funding
10 Nov 2007
SMP
– November 2007
Australian banks' profits and assets have been growing strongly, their impaired assets are low by historical and international standards, and they have very little exposure to US sub-prime mortgages and
https://www.rba.gov.au/publications/smp/2007/nov/box-d.html
International and Foreign Exchange Markets
10 May 2008
SMP
– May 2008
exposures. The current credit crisis has its origins in the poor performance of securities backed by US mortgages, particularly sub-prime mortgages. ... Data for the fourth quarter released since the last Statement show a further sharp rise in
https://www.rba.gov.au/publications/smp/2008/may/intl-fx-mkts.html
The Importance of Financial Literacy
12 Sep 2008
Bulletin
PDF
48KB
Address by Mr Keith Hall, Assistant Governor (Banking and Payments), to the Conference on Deepening Financial Capacity in the Pacific Region, Sydney, 25 August 2008.
https://www.rba.gov.au/publications/bulletin/2008/sep/pdf/bu-0908-3.pdf
Lessons from the Financial Turmoil of 2007 and 2008
10 Oct 2008
Bulletin
– October 2008
with adverse news about the US sub-prime mortgage market gaining prominence in June and July 2007. ... They posit that these policy shifts drove the rise in sub-prime mortgage lending, from which the financial crisis stemmed.
https://www.rba.gov.au/publications/bulletin/2008/oct/1.html
List of graphs
10 May 2008
SMP
– May 2008
Graph 14: US Mortgage Delinquencies. ... Graph 15: US Sub-prime Delinquencies by Vintage.
https://www.rba.gov.au/publications/smp/2008/may/graphs.html
International and Foreign Exchange Markets
10 Feb 2008
SMP
– February 2008
These have revealed further substantial credit related write-downs, mainly for sub-prime exposures, which in some cases have led to large losses. ... 13). Since the onset of the crisis, the major banking institutions have announced around US$125 billion
https://www.rba.gov.au/publications/smp/2008/feb/intl-fx-mkts.html
The Impact of the Financial Crisis on the Bond Market
8 Jun 2010
Bulletin
PDF
237KB
Reserve Bank of Australia Bulletin June 2010
https://www.rba.gov.au/publications/bulletin/2010/jun/pdf/bu-0610-8.pdf
Domestic Financial Markets and Conditions
10 Nov 2007
SMP
– November 2007
As described in the chapter on ‘International and Foreign Exchange Markets’, there was a significant tightening in global credit and money markets triggered by developments in the US sub-prime mortgage ... The major Australian banks have almost no
https://www.rba.gov.au/publications/smp/2007/nov/dom-fin-mkts.html
Statement to Parliamentary Committee
17 Sep 2007
Bulletin
PDF
42KB
Opening Remarks by the Governor in testimony to House of Representatives Standing Committee 17 August 2007
https://www.rba.gov.au/publications/bulletin/2007/sep/pdf/bu-0907-3.pdf
Domestic Financial Markets and Conditions
10 Feb 2008
SMP
– February 2008
Australian banks have been marked down along with banks globally, despite having relatively little exposure to the US sub-prime housing market. ... While elevated, they remain significantly lower than those on US banks, in part reflecting the limited
https://www.rba.gov.au/publications/smp/2008/feb/dom-fin-mkts.html