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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International and Foreign Exchange Markets
10 Nov 2009
SMP
– November 2009
Prices on sub-prime residential mortgage-backed securities (RMBS) have shown relatively little improvement and remain less than half their pre-crisis levels, reflecting their higher expected likelihood of default. ... Despite this, the Fed extended
https://www.rba.gov.au/publications/smp/2009/nov/intl-fx-mkts.html
Statement on Monetary Policy – November 2009
5 Nov 2009
SMP
PDF
1011KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2009/nov/pdf/1109.pdf
Economic Outlook
10 May 2009
SMP
– May 2009
This loss of confidence and the significant rise in risk aversion magnified the slowing that was already underway in the major advanced economies flowing from the problems in the US ... prime mortgage market.
https://www.rba.gov.au/publications/smp/2009/may/eco-outlook.html
Box B: Recent Developments in Australia's Resource Exports
7 May 2009
SMP
- May 2009
PDF
442KB
https://www.rba.gov.au/publications/smp/2009/may/pdf/box-b.pdf
Statement on Monetary Policy - May 2009
7 May 2009
SMP
PDF
1069KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2009/may/pdf/0509.pdf
Statement on Monetary Policy - November 2008
20 Mar 2009
SMP
PDF
878KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2008/nov/pdf/1108.pdf
Statement on Monetary Policy - February 2009
12 Feb 2009
SMP
PDF
1922KB
Reserve Bank of Australia
https://www.rba.gov.au/publications/smp/2009/feb/pdf/0209.pdf
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
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