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 Macroeconomic and Financial Environment
10 Mar 2007
FSR
– March 2007
In the past month, financial markets have again experienced an increase in volatility, reflecting a sharp fall in the Chinese share market, problems in the US sub-prime mortgage market and ... and problems in the US sub-prime mortgage market.
https://www.rba.gov.au/publications/fsr/2007/mar/mac-fin-env.html
Developments in the Financial System Architecture
10 Mar 2009
FSR
– March 2009
financial products, including US sub-prime RMBS and CDOs. ... As part of this process, the UCCC will also be extended to cover the provision of consumer mortgages over residential investment properties.
https://www.rba.gov.au/publications/fsr/2009/mar/dev-sys-arch.html
Household and Business Balance Sheets
10 Sep 2007
FSR
– September 2007
Non-conforming loans are the closest equivalent to sub-prime loans in the United States and represent only about 1 per cent of housing loans in Australia, compared with the ... lower than the equivalent arrears rate on sub-prime loans in the United
https://www.rba.gov.au/publications/fsr/2007/sep/house-bus-bal-sheet.html
Household and Business Balance Sheets
10 Sep 2011
FSR
– September 2011
The near absence of sub-prime housing loans in Australia relative to the United States is one prominent example. ... Third, as noted above, a large share of mortgage borrowers in Australia make excess repayments.
https://www.rba.gov.au/publications/fsr/2011/sep/house-bus-bal-sheet.html
Household and Business Balance Sheets
10 Sep 2010
FSR
– September 2010
The availability of mortgages underwritten to laxer lending standards – such as low-documentation and non-conforming loans – has fallen with reduced competition in the mortgage market and restricted funding for securitisations. ... Securitised
https://www.rba.gov.au/publications/fsr/2010/sep/house-bus-bal-sheet.html
Box B: Interest-only Mortgage Lending
21 Apr 2017
FSR
– April 2017
For further details of the measures announced in 2014, see RBA (2015) ‘Box B: Responses to Risks in the Housing and Mortgage Markets’,. ... APRA (2017), ‘APRA Announces Further Measures to Reinforce Sound Residential Mortgage Lending Practices’,
https://www.rba.gov.au/publications/fsr/2017/apr/box-b.html
Box B: Responses to Risks in the Housing and Mortgage Markets
10 Mar 2015
FSR
– March 2015
Financial Stability Review – March 2015 Box B: Responses to Risks in the Housing and Mortgage Markets. ... At the same time, the Australian Securities and Investments Commission (ASIC) announced that it will review whether mortgage lenders'
https://www.rba.gov.au/publications/fsr/2015/mar/box-b.html
Box D: The Characteristics of Loans Originated by Mortgage Brokers
10 Sep 2004
FSR
– September 2004
Financial Stability Review – September 2004 Box D: The Characteristics of Loans Originated by Mortgage Brokers. ... Given the strength of the household sector in recent years and the low aggregate mortgage default rates, it is difficult to identify
https://www.rba.gov.au/publications/fsr/2004/sep/box-d.html
Mortgage Macroprudential Policies
8 Oct 2021
FSR
– October 2021
Table 5.1: Mortgage Macroprudential Policies in Selected Economies. (a). Country. Measure. Date. ... b) Mortgages with an LVR greater than 80% require mortgage insurance, which carry conditions including: maximum purchase prices; minimum deposits; debt
https://www.rba.gov.au/publications/fsr/2021/oct/mortgage-macroprudential-policies.html
Box C: Lenders Mortgage Insurance
10 Sep 2013
FSR
– September 2013
As insuring riskier mortgages is the primary business of LMIs, they may take a longer-term view of mortgage risk than some (marginal) lenders. ... In addition, if mortgage insurance is subsidised and therefore under-priced, it could distort lending
https://www.rba.gov.au/publications/fsr/2013/sep/box-c.html