A recent story regarding rent control published in the Commercial Mortgage Alert “Regulatory Roundup” stated that “Rent Control is back in vogue with many state and city lawmakers, putting lenders and investors on high alert.” Read More
In a recent HousingWire article regarding an innovative MSR securitization offered by Freedom Mortgage, the author stated “As of the end of June, according to mortgage-analytics firm Recursion, Freedom Mortgage ranked as the sixth largest all-agency mortgage servicer in the country, with a 4.6% market share and some $380.3 billion in agency loans serviced. Read More
Recursion Calculations based on Fannie DUS ESG Data Featured in Commercial Mortgage Alert Article
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.