Recursion Partners with Lincoln Institute of Land Policy and Rice University to Support Underserved Mortgage Markets
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”).
The fellowship 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 500mm 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.
“At the Lincoln Institute, we seek to improve quality of life through the effective use, taxation, and stewardship of land. Housing policy is one of the most important topics here,” said Jim Gray, Senior Research Fellow at the Lincoln Institute. “Partnering with Recursion lets us utilize data to conduct research at a level of efficiency that we could only have previously dreamed of. We’re looking forward to all that’s to come through this partnership with Recursion’s founder Li Chang and the team.”
“By using our clean, accurate and consistent data sets as a foundation, Lincoln Institute can focus on carrying out affordable housing research to provide actionable advice to policy makers without carrying an intimidating technological burden,” said Li Chang, founder and CEO of Recursion. “The coalition marks a big step for Recursion in its program to get more involved in land and housing policies, demonstrating the power of big data technologies.”
The team is expected to publish several white papers in the foreseeable future.
Read the complete announcement and letter here: https://tinyurl.com/3md6pmwr
Recursion is the country’s preeminent provider of mortgage big data analytics. It has a track record of supporting federal government agencies in their efforts to monitor market trends at both a macro and individual firm level and staying on top of emerging risks by mining big mortgage data from a variety of different sources. Recursion’s mission is to democratize mortgage big data to promote transparency in the financial markets and counter the information asymmetry between big firms/monopolies and smaller organizations. Recursion is a Certified 8(a) Small Business (Economically Disadvantaged Minority Owned Small Business) and EDWOSB (Economically Disadvantaged Woman Owned Small Business).
About Lincoln Institute of Land Policy:
The Lincoln Institute of Land Policy seeks to improve quality of life through the effective use, taxation, and stewardship of land. A nonprofit private operating foundation whose origins date to 1946, the Lincoln Institute researches and recommends creative approaches to land as a solution to economic, social, and environmental challenges. Through education, training, publications, and events, we integrate theory and practice to inform public policy decisions worldwide.