Recursion has met the criteria set by the M/WBE Program at the New York City Department of Small Business Services to be certified as a Minority Women-Owned Business Enterprise (M/WBE).
Debtwire quotes Recursion data showing a large uptick in LoanDepot’s Ginnie Mae portfolio over the month of February. In early reporting for March 2021, LoanDepot’s involuntary prepayment speed, or 1-month CDR, reached 20.6 percent.
Recursion Co recently provided commentary in response to a Request for Information (RFI) regarding appraisal policies, practices, and processes. We comment on how big data technology can be applied to monitor the performance of loans where appraisals have been waived compared to a benchmark of eligible loans where traditional appraisals have been utilized. In addition, we provide a framework for analyzing how these tools can address issues such as the impact of new processes on fairness and the safety and soundness of the system of mortgage finance from such topics as environmental vulnerability.
Quoting Recursion Data, Debtwire reported that Non-Bank EBOs fell back in February, even though the level is still multiple times greater than the average recorded across most months in 2020.
The analysis was performed using Recursion’s flagship product: Cohort Analyzer.
MSCI’s MBS senior research analyst Yihai Yu shows how MSCI’s prepayment model closely tracked 2020’s month-by-month prepayment surge and how MBS prepayment regimes shifted in the past two decades using Recursion Data. The analysis was done using Recursion’s flagship product: Cohort Analyzer.
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.
Recursion Co’s Chief Executive Officer Gives the New Year Opening talk at PyData Chicago Group Forum
Recursion Co’s Chief Executive Officer, Li Chang, joined by Recursion’s AWS Solution Architect Tianci Zhu, gave the 2021 opening talk at PyData Chicago Group’s Meetup Forum. PyData is an educational arm of NumFOCUS and it provides a forum for the users and developers within the data analysis community to share ideas regarding data management, processing, analytics and visualization.
Li and Tianci shared how Recursion applies AWS big data technologies to gigantic financial datasets collected from different sources. They described how the application of advanced technologies brought transparency to the financial markets and realized “data democratization” by cutting down data processing time, reducing user’s costs and making these tools accessible to a much broader audience than was previously the case.
The audio can be accessed through PyData’s YouTube channel: https://www.youtube.com/watch?v=YiioELpeasA PyData’s YouTube channel has 108K followers.