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. Recursion is teaming up with Lincoln Institute of Land Policy and Rice University to work on the Underserved Mortgage Markets Coalition project and the Social Policy Analysis Capstone Course (“SOPA”).
Our Chief Research Office Richard Koss gave a speech at the forum Food for Thought on Wednesday, September 22 at Columbia University about housing policy changes during the Covid-19 Pandemic. Food for Thought is a speaker series that focuses on the Covid-19 crisis and social justice reform. Richard will discuss his paper about the policy response to the unexpected arrival of the global pandemic. His speech paper The New Housing Policy is available to download.
Recursion Co’s Chief Research Officer Gives the Food for Thought Lecture Series at Columbia SIPA8/19/2021
Food for Thought is a speaker series that discuss the Covid-19 crisis and social justice reform at the Columbia University School of International and Public Affairs (SIPA). Our Chief Research Office Richard Koss will give a talk at this forum on Wednesday, September 22 at 12PM EST about housing policy changes during the Covid-19 Pandemic.
“The onset of the Covid-19 Pandemic represents a massive shock impacting all sectors of the global economy. It has been particularly felt in the real estate sector as households reconsider their work/living arrangements and adjust their lives accordingly. It has also greatly exacerbated the trend towards wealth inequality. The new Biden Administration and other government agencies, notably the Federal Reserve, are engaging in innovative policy making to improve the functioning of the economy, expand access to credit and provide affordable rental housing to low-income households. What are the barriers to success facing these programs and what more needs to be done?” Read More MSCI has just released a report “Managing Against MBS Indexes: A Duration Perspective[1]” that details the reasons that the MBS Index duration extended dramatically even though the 30-year mortgage rate was little changed over the period from June 2020 – June 2021. Six main factors are examined in the article to have impacts on MBS index duration. One of the main factors, the distribution of coupon drift due to record refinance activity, was documented using Recursion data. Support of cutting-edge research is one of our proudest activities. To learn more contact us at inquiry@recursionco.com. Read More |
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