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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7 August 2007 | Minutes of the Monetary Policy Meeting of the Board
7 Aug 2007
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 August 2007
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2007/07082007.html
International and Foreign Exchange Markets
10 May 2008
SMP
– May 2008
exposures. The current credit crisis has its origins in the poor performance of securities backed by US mortgages, particularly sub-prime mortgages. ... Data for the fourth quarter released since the last Statement show a further sharp rise in
https://www.rba.gov.au/publications/smp/2008/may/intl-fx-mkts.html
Banks' Funding
10 Nov 2007
SMP
– November 2007
Australian banks' profits and assets have been growing strongly, their impaired assets are low by historical and international standards, and they have very little exposure to US sub-prime mortgages and
https://www.rba.gov.au/publications/smp/2007/nov/box-d.html
International and Foreign Exchange Markets
10 Feb 2008
SMP
– February 2008
These have revealed further substantial credit related write-downs, mainly for sub-prime exposures, which in some cases have led to large losses. ... 13). Since the onset of the crisis, the major banking institutions have announced around US$125 billion
https://www.rba.gov.au/publications/smp/2008/feb/intl-fx-mkts.html
3 April 2007 | Minutes of the Monetary Policy Meeting of the Board
3 Apr 2007
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 April 2007
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2007/03042007.html
List of graphs
10 May 2008
SMP
– May 2008
Graph 14: US Mortgage Delinquencies. ... Graph 15: US Sub-prime Delinquencies by Vintage.
https://www.rba.gov.au/publications/smp/2008/may/graphs.html
Domestic Financial Markets and Conditions
10 Nov 2007
SMP
– November 2007
As described in the chapter on ‘International and Foreign Exchange Markets’, there was a significant tightening in global credit and money markets triggered by developments in the US sub-prime mortgage ... The major Australian banks have almost no
https://www.rba.gov.au/publications/smp/2007/nov/dom-fin-mkts.html
Domestic Financial Markets and Conditions
10 Feb 2008
SMP
– February 2008
Australian banks have been marked down along with banks globally, despite having relatively little exposure to the US sub-prime housing market. ... While elevated, they remain significantly lower than those on US banks, in part reflecting the limited
https://www.rba.gov.au/publications/smp/2008/feb/dom-fin-mkts.html
Statement on Monetary Policy - November 2007
12 Nov 2007
SMP
PDF
748KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2007/nov/pdf/1107.pdf
Introduction
10 Aug 2007
SMP
– August 2007
Notwithstanding the strong overall performance of the world economy, international financial markets have experienced significant volatility in recent weeks, primarily stemming from the sub-prime mortgage market in the United States. ... The
https://www.rba.gov.au/publications/smp/2007/aug/intro.html