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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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
International Economic Developments
10 Feb 2008
SMP
– February 2008
The Federal Reserve's Senior Loan Officer Survey also reports that an increasing number of banks have tightened their mortgage lending standards for both sub-prime and prime borrowers.
https://www.rba.gov.au/publications/smp/2008/feb/intl-eco-dev.html
International Economic Developments
10 Nov 2007
SMP
– November 2007
The ongoing interest rate resets on sub-prime loans and tightening of lending standards are likely to prolong these weak conditions. ... Despite a run on deposits at Northern Rock, the United Kingdom's fifth largest mortgage lender, consumer sentiment
https://www.rba.gov.au/publications/smp/2007/nov/intl-eco-dev.html
Box A: Mortgage Interest Payments in Advanced Economies – One Channel of Monetary Policy
10 Feb 2023
SMP
– February 2023
Statement on Monetary Policy – February 2023Box A: Mortgage Interest Payments in Advanced Economies – One Channel of Monetary Policy. ... The share of fixed-rate mortgage lending and the term of these loans both influence the.
https://www.rba.gov.au/publications/smp/2023/feb/box-a-mortgage-interest-payments-in-advanced-economies.html
Financial Conditions
6 Feb 2024
SMP
– February 2024
Financial Conditions | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/financial-conditions.html
List of tables
10 Nov 2007
SMP
– November 2007
5. 6. 7.83. Prime low-doc. 8. Banks. 5. 25. 8. 2. ... 8.04. Mortgage originators. 3. 25. 13. 5. 8.19. Non-conforming. 1. 40.
https://www.rba.gov.au/publications/smp/2007/nov/tables.html
Box C: Do Borrowers with Older Mortgages Pay Higher Interest Rates?
6 Feb 2020
SMP
– February 2020
In January 2020, the Reserve Bank began publishing more detailed monthly data on mortgage interest rates paid by households on new and existing mortgages (see ‘Box D: Enhancing the Transparency of ... Interest Rates’), which may help more households
https://www.rba.gov.au/publications/smp/2020/feb/box-c-do-borrowers-with-older-mortgages-pay-higher-interest-rates.html
Outlook
6 Feb 2024
SMP
– February 2024
Outlook | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/outlook.html
Financial Conditions
7 May 2024
SMP
– May 2024
Financial Conditions | Statement on Monetary Policy – May 2024
https://www.rba.gov.au/publications/smp/2024/may/financial-conditions.html