HousingWire cited Recursion data in a recent article discussing MSR risks.
“Over the first nine months of this year, banks have far outstripped nonbanks in buying up MSR packages. Banks have been net purchasers of MSRs, to the tune of $107.8 billion — compared with $51.1 billion for all of 2021, according to a report by mortgage-data analytics firm Recursion.”
Citing our analysis showing growing short term delinquencies picking up recently, Chief Research Officer Richard Koss is quoted:
“It’s a source of concern I don’t think is broadly understood. The main mitigating factor is the still-huge amount of equity most buyers have in their homes.”
Recursion is devoted to bringing the most up-to-date data and analysis to support the market’s assessment of key trends and policy issues.
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