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Recursion AnalyzersA set of GUI based tools used for querying meticulously cleansed and standardized big mortgage data tables.
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Recursion Certified for 8(a) Business Development Program2/16/2021
Recursion has been certified as a Participant in the U.S. Small Business Administration’s (SBA) 8(a)[1]. Business Development Program after submitting an initial application in 2019. Recursion’s sam.gov profile has been updated by SBA with its new 8(a) status. Read More 
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Fannie Mae Performance Shortfall – Continued2/10/2021
Our last post demonstrated that Fannie Mae performance at the pool level has been lagging that of Freddie Mac since the start of the pandemic[1]. The question remains as to why. The challenge in answering this question is that unlike the case for Ginnie Mae programs, Fannie Mae and Freddie Mac have not been releasing performance data on the loan level[2]. Read More |
The RG Pool Arrives!2/09/2021
Sometimes, future trends can be seen in the weeds. In this case it’s the 12 FHA and 1 VA mortgages (out of tens of millions) that were securitized this month in Ginnie Mae pool G2 CA8080, the very first RG pool, issued by PNC Bank, delivered to the GNMII20C program. This pool type was first announced by Ginnie Mae last December 4[1], and consists entirely of loans that were bought out of pools and cured with partial claims. Read More 
Fannie Mae February Pool-level Performance Falls vs Freddie Mac2/05/2021
Data released last evening showed that total delinquencies for loans in Fannie Mae pools were unchanged in February at 3.6% in February, the first month that the rate did not decline since the Covid-19 Pandemic struck last spring. Notably, the same rate for Freddie Mac pools declined by 0.2% to 2.9%, the low reached since April 2020. Read More 
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Recursion Data Featured in Debtwire article on Ginnie Mae Early Buyouts1/29/2021
Recursion data was quoted in the January 27th, 2021 Debtwire article on the growing volume of distressed residential loans. The author used Recursion data to observe that the supply of GNM Early Buyouts (EBOs) among non-banks has been rising for months, which indicates that the supply of non-performing loans may be expected to rise when the forbearance program ends. Read More |
