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 Global Financial Environment
10 Mar 2009
FSR
– March 2009
Though the initial rise in US housing loan arrears mainly reflected sub-prime mortgages – particularly adjustable-rate mortgages as interest rates rose from initial low rates – arrears rates across all mortgages ... In the December quarter 2008,
https://www.rba.gov.au/publications/fsr/2009/mar/global-fin-env.html
The Australian Financial System
10 Mar 2009
FSR
– March 2009
One is that Australian banks typically have only limited direct exposures to the types of securities – such as CDOs and US sub-prime residential mortgage-backed securities – that have led to ... Consistent with this conservative investment mix,
https://www.rba.gov.au/publications/fsr/2009/mar/aus-fin-sys.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
List of tables
10 Feb 2009
SMP
– February 2009
10. 6. 5. Sub-prime crisis – peak. 2008:Q4. 72. 21. 11. ... Sub-prime crisis – average. 2007:Q3 – current. 23. 9. 5. Enron scandal.
https://www.rba.gov.au/publications/smp/2009/feb/tables.html
The Economy in Late 2008: Conditions and Prospects
19 Nov 2008
Speech
Speech by Malcolm Edey to the Australia & Japan Economic Outlook Conference 2008, Sydney
https://www.rba.gov.au/speeches/2008/sp-ag-191108.html
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
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
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
Overview
10 Sep 2008
FSR
– September 2008
While the losses associated with the sub-prime problems are equivalent to only a small fraction of global wealth, these losses have been concentrated on the balance sheets of highly leveraged ... The banking system is soundly capitalised, it has only
https://www.rba.gov.au/publications/fsr/2008/sep/overview.html
List of graphs
10 Sep 2008
FSR
– September 2008
Graph 3: US Sub-prime RMBS Index Prices. ... Graph 34: Spreads on Domestically Issued Prime RMBS.
https://www.rba.gov.au/publications/fsr/2008/sep/graphs.html