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.
Search Results
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
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
Joint RBA-APRA Submission to the Inquiry into Home Lending Practices and Processes – August 2007 | Housing and Housing Finance | Submissions
8 Aug 2007
Submissions
Joint RBA-APRA Submission to the Inquiry into Home Lending Practices and Processes – August 2007
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-home-loan-lending-practices-and-processes/
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
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
Housing Finance | Submission to the inquiry into Competition in the Banking and Non-Banking Sectors – July 2008 | Financial Sector |…
10 Jul 2008
Submissions
one of the factors that contributed to the sub-prime problems. ... The relatively low credit risk historically associated with Australian prime mortgages, together with strong longer-term demand for highly rated bonds from institutional investors,
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-competition-in-banking-and-non-banking-sector/housing-finance.html