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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The Asset-backed Commercial Paper Market
10 Jan 2008
Bulletin
– January 2008
exposure to US sub-prime mortgages or collateralised debt obligations (CDOs) backed by US sub-prime RMBS. ... their portfolios of assets are highly concentrated in US sub-prime mortgages, mainly through RMBS and CDOs of ABS;.
https://www.rba.gov.au/publications/bulletin/2008/jan/1.html
Recent Developments in Collateralised Debt Obligations in Australia
10 Nov 2007
Bulletin
– November 2007
While it is difficult to quantify the exposure of Australian CDOs to the US sub-prime mortgage market, it appears to be very low. ... In contrast, since July 2007, S&P has downgraded 123 US CDOs (with a face value of US$6.2 billion) that have an exposure
https://www.rba.gov.au/publications/bulletin/2007/nov/1.html
The Impact of the Financial Crisis on the Bond Market
10 Jun 2010
Bulletin
– June 2010
As has been well documented elsewhere, the collapse of the US sub-prime mortgage market led to a general reappraisal of the risks involved with all structured credit markets and a ... Bulletin. , October, pp 1–12. Debelle G (2008), ’A Comparison of
https://www.rba.gov.au/publications/bulletin/2010/jun/8.html
Ownership of Australian Equities and Corporate Bonds
10 Sep 2010
Bulletin
– September 2010
Graph 5. Securitisation markets globally were greatly affected by investors' reappraisal of risk following the collapse of the US sub-prime market in 2007. ... Bulletin. , November, pp 1–6. Debelle G (2008), ‘A Comparison of the US and Australian
https://www.rba.gov.au/publications/bulletin/2010/sep/4.html
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
The Structure and Resilience of the Financial System
10 Nov 2007
Bulletin
– November 2007
A reminder of some of the uncertainties here was provided by the problems in the United States sub-prime mortgage market and the resulting turmoil in global financial markets that were ... In the market for housing loans, this has been spurred by the
https://www.rba.gov.au/publications/bulletin/2007/nov/2.html
The Distribution of Mortgage Rates
15 Mar 2018
Bulletin
– March 2018
Most of the asset-backed securities in the dataset are underpinned by residential mortgages. ... The Securitisation Dataset provides detailed information on mortgage interest rates and can be used to obtain valuable insights into the pricing of mortgages.
https://www.rba.gov.au/publications/bulletin/2018/mar/the-distribution-of-mortgage-rates.html
Structural Features of Australian Residential Mortgage-backed Securities
18 Jun 2015
Bulletin
– June 2015
This article provides a summary of structural features typically found in Australian residential mortgage-backed securities and their evolution over the past decade. Understanding the structural features of the securities is essential to the
https://www.rba.gov.au/publications/bulletin/2015/jun/6.html
Cash Rate Pass-through to Outstanding Mortgage Rates
18 Apr 2024
Bulletin
– April 2024
The interest rate paid by outstanding mortgage borrowers increased by around 320 basis points between May 2022 and December 2023, around 105 basis points less than the cumulative increase in the cash rate over this period.
https://www.rba.gov.au/publications/bulletin/2024/apr/cash-rate-pass-through-to-outstanding-mortgage-rates.html
Partial Mortgage Prepayments and Housing Credit Growth
19 Sep 2013
Bulletin
– September 2013
Changes in lending rates have an important influence on the pace at which households prepay their mortgages. This has implications for housing credit growth. The effect of the fall in lending rates since October 2011 on prepayments is by itself
https://www.rba.gov.au/publications/bulletin/2013/sep/4.html