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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Statement on Monetary Policy - August 2008
7 Aug 2008
SMP
PDF
581KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2008/aug/pdf/0808.pdf
Statement on Monetary Policy - May 2008
9 May 2008
SMP
PDF
626KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2008/may/pdf/0508.pdf
International Economic Developments
10 Aug 2007
SMP
– August 2007
While mortgage repayment distress has been largely contained to the sub-prime market, conditions may deteriorate further as some loans are reset to higher interest rates over the coming year (for ... more details on recent developments in the US
https://www.rba.gov.au/publications/smp/2007/aug/intl-eco-dev.html
Introduction
10 Nov 2007
SMP
– November 2007
Global financial markets have experienced a period of significant volatility over the past three months, as the strains emanating from the sub-prime debt market in the US spilled over, particularly ... In recent weeks, a number of mortgage-backed
https://www.rba.gov.au/publications/smp/2007/nov/intro.html
Statement on Monetary Policy - November 2008
20 Mar 2009
SMP
PDF
878KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2008/nov/pdf/1108.pdf
International and Foreign Exchange Markets
10 Nov 2008
SMP
– November 2008
As discussed in previous Statements, the initial trigger for the current financial turmoil was the collapse of investor confidence in securities backed by US mortgages, particularly sub-prime mortgages. ... Spreads on corporate debt surpassed their
https://www.rba.gov.au/publications/smp/2008/nov/intl-fx-mkts.html
International and Foreign Exchange Markets
10 Nov 2009
SMP
– November 2009
Prices on sub-prime residential mortgage-backed securities (RMBS) have shown relatively little improvement and remain less than half their pre-crisis levels, reflecting their higher expected likelihood of default. ... Despite this, the Fed extended
https://www.rba.gov.au/publications/smp/2009/nov/intl-fx-mkts.html
Domestic Financial Markets and Conditions
10 Feb 2007
SMP
– February 2007
This has been particularly evident in lower spreads on domestically issued residential mortgage-backed securities (RMBS). ... Losses on sub-prime loans have risen to around 20 basis points in 2006, but these losses appear to have been adequately covered
https://www.rba.gov.au/publications/smp/2007/feb/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2008
SMP
– November 2008
S&P affirmed the credit ratings of the five largest Australian banks, citing their ‘conservative stance’ and limited exposure to the US sub-prime crisis. ... Interest rates on prime low-doc loans have decreased by 117 basis points.
https://www.rba.gov.au/publications/smp/2008/nov/dom-fin-mkts.html
Statement on Monetary Policy – November 2009
5 Nov 2009
SMP
PDF
1011KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2009/nov/pdf/1109.pdf