On July 8, 2022, Commercial Mortgage Alert reported that the GSEs are making fewer underwriting exceptions on their multifamily deals with affordability components in an article "Agencies Normalizing Underwriting", citing Recursion data on the percentage of affordable housing in Fannie Mae DUS production: "Based on recently available data on renter income in Fannie's portfolio, analysis from research firm Recursion Co. shows that 66% of the agency's non-REMIC multifamily production in May and June combined was affordable to renters earning no more than 80% of area median income."
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In a more recent issue published on July 29, 2022, Commerical Mortgage Alert featured DUS issuance data from Recursion.

The article can be found on the Commercial Mortgage Alert website (paywall).
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For more information, please reach out to inquiry@recursionco.com.

On Thursday July 21 the IMF-Recursion Global Housing Watch Webinar was launched with the episode “Are House Prices Headed for a Correction or Crash?”. Three noted economists, Mark Zandi from Moody’s Analytics, Julia Coronado from MacroPolicy Perspectives and Deniz Igan from the Bank for International Settlements presented their views, followed by group discussion moderated by Richard Koss at Recursion and IMF staff members. We found the discussion to be lively and informative and look forward to future episodes that provide a forum for the dissemination of expert views in this crucial sector of the global economy.

You can see the webinar here:
Are House Prices Headed for a Correction or a Crash? (substack.com)

​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.