​On January 27 2022, HousingWire published an article called “GSEs’ cash window loses some luster” that talks about how large nonbanks have increasingly moved to using swap transactions with the Enterprises. Recursion data is used throughout and Recursion’s Chief Research Officer Richard Koss is quoted regarding the fact that only Freddie Mac provides full disclosure of the loans delivered through the cash window while Fannie Mae’s data in this regard is incomplete.

On January 13, Housing Wire posted an article titled “Freedom Mortgage dominates the MSR market” in which they reported that, among other top servicers, Freedom is leading the MSR marketing. They cited Recursion data on the ranking of the Ginnie Mae top servicers/buyers as well as their loan delinquency rates to provide perspective on the MSR market.

​On January 6, Housing Wire ran an article titled “2022 opens with a big MSR bulk-sale
offering” in which they report that large volumes of sales activity at the start of 2022 point to a robust deal year ahead. They cite Recursion data on the growth in total Agency MSR transactions in 2021 compared to the previous year to provide perspective on the strong momentum in deal flow.

​Episode 10 of Ginnie Mae’s “Capital Markets Live” podcast is titled “Using Data to Understand the First-Time Home Buyer” and featured Recursion’s Founder and CEO Li Chang explaining how the company’s advanced data and tools can be leveraged to demonstrate Ginnie Mae’s important role in serving this important borrower segment. Chief Research Officer Richard Koss further discussed how fundamental factors such as a shortage of supply are supporting the housing market and how Ginnie Mae’s modification programs designed to help families stay in their homes are minimizing disruptions associated with the expiration of forbearance.

Recursion’s Chief Executive Officer Dr. Li Chang and Chief Research Officer Dr. Richard Koss will attend the 27th ABS East Conference in Miami from Dec 13-15, 2021.  Dr. Chang will serve as a panelist in the session entitled “ESG Hub: Applications to MBS”.  Other panelists include senior executives from Angel Oak Capital, MSCI, Selendy & Gay, PLLC and Fixed Income Investor Network (FIIN).  If you would like to schedule a meeting during the conference with Recursion executives, please contact: inquiry@recursionco.com

In its issue on December 3, 2021, Commercial Mortgage Alert highlighted Recursion’s recent attainment of approved data distributor status by Fannie Mae and Freddie Mac.

Along with our set of powerful digital querying tools Recursion offers its clients a unique suite of top to bottom solutions to meet their goals. We look to develop long-term relationships through a strong culture of customer service and fair pricing.

​If you would like to hear more, please reach out to inquiry@recursionco.com.

​On Nov. 15, 2021, the U.S. Department of Housing and Urban Development (HUD) released its fiscal year 2021 report to Congress regarding the financial status of the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund. In the statement, HUD emphasized the critical role of FHA in the U.S. housing market and its mission of providing access to credit to expand first-time and low-and-moderate-income homeownership.
 
Recursion data was cited several times in the report, notably with regards to first-time homeownership, the share of loans originated under $70K, and the Agency share of total market output. Recursion is proud that HUD recognizes Recursion’s powerful analytic capabilities in supporting FHA’s “essential role in advancing homeownership”.

​New York, NY Nov.3rd 2021 --- New York based FinTech company Recursion is teaming up with Fordham University’s Center for Research in Contemporary Finance to work on ESG aspects of mortgage market.
 
The group will utilize Recursion’s cutting edge big data tool, HMDA analyzer, that is based on HMDA data released by CFPB and FFIEC from 1990 to 2020 consisting of more than 600mm mortgage applications, originations, and purchases that is widely used to evaluable affordable housing policies in the US.  Recursion also recently introduced FHFA’s newly released fair lending dataset, such as low-income areas, minority tracts, disaster areas and rural areas to HMDA analyzer.