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.  
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