Mortgage Market Trends in the US, UK, Ireland and Australia

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Introduction to Report
 Launch Date: May 5, 2014
 Number of Pages: 46
 Geography Coverage: Global
 Available Format: PDF
Price For Single User License: USD 3,800
Price For Site License: USD 7,600
Price For Global User License: USD 11,400
Delivery Time: Within 24 Hours (During Working Days)

About the Report
The subprime mortgage crisis of 2008 severely impacted
numerous world economies. Reckless lending practices by banks
and rising house prices led to an increasing number of
foreclosures in mortgage markets around the world.
While economies such as the US and UK have shown signs of
improvement in the overall mortgage market, Ireland has
recorded a negative trend in the mortgage market as its
economy continues to struggle. Australia, on the other hand,
remained resilient and was less impacted by the crisis,
supported by strong banking and consumer protection
regulations in the country.

Research Findings
In terms of outstanding mortgages value, the overall US
mortgage market reached US$13.2 trillion in 2013, with annual
growth recovering from -4.4% in 2009 to just -0.08% in 2013.
Delinquencies and foreclosures in the mortgage market have
improved since 2009: delinquencies improved from 4.6% in 2009
to 2.4% in 2013, while the number of foreclosures fell from 3.5
million to 1.7 million.
The improved housing market and enforcement of stringent
regulatory measures are expected to result in positive growth in
the overall mortgage market over 2014–2018.
The UK’s economy is showing signs of improvement, although
growth remains sluggish. Nevertheless, positive economic
growth and the implementation of strict regulations are helping
to curb the effects of the global financial crisis. The value of
outstanding mortgages in 2013 was at around US$1.98 trillion.

Research Findings Continues…
Mortgage markets have displayed differing trends since the
financial crisis. While the US, UK and Ireland were badly affected
by the subprime crisis, Australia maintained stability, supported
by strong banking regulations.
In terms of outstanding mortgages value, the overall US
mortgage market reached US$13.2 trillion in 2013, with annual
growth recovering from -4.4% in 2009 to just -0.08% in 2013. The
US was at the forefront of the subprime crisis, and implemented
a number of regulatory measures to ensure responsible lending
practices. The implementation of strict regulations and the
Federal Reserve’s economic stimulus package led to a positive
trend in the US mortgage market.
The value of outstanding mortgages in 2013 was at around
US$1.98 trillion. There has been substantial growth in the
number of mortgages lent over the years, following the
European debt crisis.

Research Findings Continues…
Ireland is still recovering from the European debt crisis,
recording negative trends in its overall mortgage market. Ireland
has the second-largest credit bubble after the US, with the value
of outstanding mortgages higher than the country’s GDP.
The Basel II framework in the Australian banking system
protected it from the worst of the financial crisis in 2008. The
timely implementation of policies and consumer-protection
guidelines proved to be of great benefit for the market, and the
number of mortgages undertaken grew as both unemployment
and interest rates fell.

Scope:
This report highlights the key trends arising in the
mortgage markets after the strict enforcement of
regulation following the subprime mortgage crisis in the
US, UK, Ireland and Australia.
The report gives an insight into preferred mortgage
products offered by the banks in these countries, and the
fluctuations in interest rates and economic factors
affecting consumers' choices of mortgage products.
The report also discusses the key drivers, issues and
challenges faced by retail banks while offering mortgage
products in these countries.

Report Coverage
1. Executive Summary
2. Mortgage Market Dynamics in the US, UK, Ireland and
Australia
3. Analysis of the US Mortgage Market
4. Analysis of the UK Mortgage Market
5. Analysis of the Irish Mortgage Market
6. Analysis of the Australian Mortgage Market
7. Appendix
For more details regarding Report coverage see the last slide

Company Coverage
1. Wells Fargo
2. Chase
3. U.S. Bank
4. Citibank
5. Bank of America
6. Lloyds
7. Nationwide
8. Barclays
9. Royal Bank of Scotland
10.Ulster Bank
11.Allied Irish Bank
12.Westpac
13.Commonwealth Bank
For more details regarding Report coverage see the last slide

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Mortgage Market Trends in the US, UK, Ireland and Australia

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