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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Boxes
22 Mar 2024
FSR
A number of Boxes on topics of special interest are published in the Financial Stabiilty Review. These boxes can be read as stand-alone documents or within the relevant Financial Stability Review.
https://www.rba.gov.au/publications/fsr/boxes.html
The Limits of Interest-only Lending
24 Apr 2018
Speech
Speech delivered by Christopher Kent, Assistant Governor, to the Housing Industry Association Breakfast, Sydney
https://www.rba.gov.au/speeches/2018/sp-ag-2018-04-24.html
Recent Influences on the Competitive Environment | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector |…
6 Sep 2017
Submissions
It was used by a new class of mortgage lenders, known as mortgage originators, as well as smaller ADIs. ... As a result of the US sub-prime crisis, there was a reappraisal of the risks of investing in securitised products globally, and this also affected
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/recent-influences-on-the-competitive-environment.html
Reflections on the Financial Crisis
16 Mar 2014
Speech
Address delivered by Malcolm Edey, Assistant Governor (Financial System), to the CFO Summit 2014, Gold Coast
https://www.rba.gov.au/speeches/2014/sp-ag-160314.html
Competition, Efficiency and Innovation in Banking | Submission to the Financial System Inquiry – March 2014 | Financial Sector | Submissions
1 Mar 2014
Submissions
In Australia, the arrival of mortgage originators led to a marked decline in spreads to the cash rate on mortgages. ... Following the onset of the US sub-prime crisis, there was a reappraisal of the risks associated with investing in securitised products.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/competition-efficiency-and-innovation.html
The Platypus Moment: Rents, Risks and the Right Responses
13 Oct 2011
Speech
Speech by Luci Ellis to the Paul Woolley Centre for Capital Market Dysfunctionality Annual Conference
https://www.rba.gov.au/speeches/2011/sp-so-131011.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
In Defence of Current Account Deficits
8 Jul 2011
Speech
Speech by Guy Debelle to the ADBI/UniSA Workshop on Growth and Integration in Asia, Adelaide
https://www.rba.gov.au/speeches/2011/sp-ag-080711.html
Trends in Lending | Submission to the Inquiry into Competition within the Australian Banking Sector – November 2010 | Financial Sector |…
30 Nov 2010
Submissions
There were very few mortgages offered that were similar to the US sub-prime mortgages. ... As a result, sub-prime equivalent mortgages now account for less than 1 per cent of the stock of housing loans outstanding.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-competition-within-australian-banking-sector-2010/trends.html