A subsidiary of Tesla issued its first ABS backed by auto leases this week and the electric car manufacturer plans to issue more deals going forward. The $608.1 million deal received AAA ratings from Moody’s Investors Service even though concerns were raised about various issues involving the transaction.

The Federal Home Loan Banks may be required to jointly establish at least one entity to aggregate conventional mortgages and use a new government program to issue guaranteed MBS under draft legislation from Sen. Bob Corker, R-TN.

At yearend, 28.8 percent of FHA mortgages in Puerto Rico were in some stage of delinquency, including 15.8 percent that were 90 days or more past due. These ultra-high late-payment readings – courtesy of hurricanes Maria and Irma – have caught the attention of both Ginnie Mae and the FHA. …

Analysts are expecting private capital to play a much greater role in housing finance in 2018 through both non-agency MBS and additional credit-risk transfers from the government-sponsored enterprises, according to Standard & Poor’s.

January volume was the lowest monthly total since May 2017…

PennyMac originated $17.04 billion of home mortgages in the fourth quarter, largely through the correspondent channel

Although Freddie Mac had a higher average credit score than its rival GSE, Fannie Mae had slightly lower average DTI and LTV ratios…

Mortgages with low loan balances appeal to investors because of their lower prepayment risk…

Rep. Hensarling, a Republican from Texas, has yet to unveil a legislative blueprint…

MBA’s Dave Stevens worries about what might happen to the mortgage market under a Trump-appointed FHFA director…