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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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”). ​ 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. Read More

​We are delighted to announce our partnership with Clear Capital, a national real estate valuation and analytics fintech leader. Read More

One of the great questions facing the housing markets in 2021 is what will happen when the mortgage forbearance programs under the CARES Act expire. Read More

​Recursion Co recently provided commentary in response to a Request for Information (RFI) regarding appraisal policies, practices, and processes. ​Read More

An extremely volatile 2020, with historically high prepayment rates and price premium in mortgage-backed securities (MBS), posed unprecedented challenges to MBS investors. Read More

A number of potential securitizations of Ginnie Mae early buyouts (EBOs) are in the works in the latest sign that the trade in delinquent government-insured mortgages has become a scalable opportunity, according to a source familiar with the matter. Read More