Abstract: A system for verifying loan data for a loan being delivered by a seller to a purchaser includes underwriting logic that generates a set of underwriting data for a loan and delivery logic that receives a set of delivery data for the loan from the seller and processes the delivery data. The delivery logic includes comparison logic that compares the underwriting data for the loan and the delivery data for the loan to determine any differences. If there are differences between the underwriting data and the delivery data for the loan, yield adjustments and fees may be determined for the loan based on the differences.

Abstract: A computer implemented system for determining an amount of mortgage interest tax impact available to a borrower includes a mortgage information interface configured to receive information related to a mortgage loan, the mortgage loan including an inflationary index provision, a total tax impact calculator configured to determine a total mortgage interest tax impact available based on an amount of mortgage interest paid and an amount of an adjustment to an outstanding principal balance based on the inflationary index provision, and a reporting engine configured to provide the total mortgage interest tax impact available.

Abstract: A method of and system for evaluating an appraisal value associated with a loan are disclosed. The method includes receiving an appraisal value and at least one of foreclosure sale data and purchase money transaction data associated with a loan in a computerized system. The method also includes estimating the accuracy of the appraisal value based the at least one of foreclosure sale data and purchase money transaction data. The system includes memory configured to store an appraisal value and at least one of foreclosure sale data and purchase money transaction data associated with the loan. The system also includes a processor coupled to the memory and operable to execute programmed instructions, wherein the programmed instructions are configured to estimate the accuracy of the appraisal value based on the at least one of foreclosure sale data and purchase money transaction data.

Abstract: The present invention relates to an efficient computer implemented method and system for generating a home price index based on a repeat sales model by calculating the time-dimension frequency matrices (X?X and X???1X) and price change matrices (X?Y and X???1Y) directly without the need to calculate the big X and Y matrices at the dimension of the number of repeat sales. The inventive method may further be used to estimate indices for multiple geographic levels without processing an entire data set to estimate the price indices for each geographic level.

Abstract: A computerized accounting system is described herein. At least a portion of the accounting system may have a service oriented architecture. The accounting system may include an accounting service that is capable of storing versioned accounting policies. The various accounting policies may be used to process accounting data to determine the effect of the various accounting policies on the financial results. Also, the accounting system may include an event processing framework which, in one embodiment, may be used to amortize loans, securities and/or guaranty fee items.

Abstract: A system is provided for generating pricing information regarding loans where each loan has loan level data and is associated with a borrower. The system includes a pricing engine for generating a price for each loan including an interest rate component and a credit risk component. The credit risk component is generated based on loan level data for the particular loan.

Abstract: A credit risk framework and systems and methods for using the same. The credit risk framework provides information regarding the eligibility of loans to be sold (delivered) to a purchaser, such as in the secondary mortgage market. The credit risk framework includes determining categories of potentially eligible loans. At least one risk segment is determined and an eligibility grid associated therewith. The eligibility grid is organized using two data elements as axes and forming boxes representing ranges of the two data elements. Each box is then further associated with additional information regarding any restrictions on loans that would fall in the box. Each risk segment may have its own level of delegated authority so as to tie risk to a delegation structure.

Abstract: A method of estimating credit risk associated with a financial asset includes receiving data regarding the asset and corresponding to a first date; determining a parameter using received data and the amount of time between the first date and a second date, the parameter being based on a predetermined estimate of the predictive value of received data with regard to a possible adverse event associated with the asset on the second date; and determining a probability of the adverse event as a function of the parameter. A system for estimating credit risk associated with a financial asset includes memory configured to store received data regarding the asset and a processor coupled to the memory and operable to execute programmed instructions, wherein the programmed instructions are configured to determine the parameter and the probability of the adverse event as a function of the parameter.

Abstract: Property value estimation employs a comparable sales technique that calculates a feature distance between a target property and corresponding comparable properties. Determining estimated values for properties includes performing a regression based upon property features for properties in a relatively large geographical area. A set of comparable properties from a section of the relatively large geographical area is identified, and a feature distance between each property from the set of comparable properties and a target property is calculated using information from the regression. The feature distance provides a quantified indication of the difference between each property from the set of comparable properties and the target property for the plurality of property features. An estimated value for the target property is then determined based upon a value of each of the comparable properties and adjustments based upon the calculated feature distances.

Abstract: A method of managing pipeline risk comprises processing a plurality of mortgage loan applications and managing pipeline risk based on status information for the mortgage loan applications. The processing is performed by a computer-implemented workflow engine responsive to user inputs. The processing includes prompting a user to perform tasks that need to be performed in connection with the mortgage loan applications and maintaining status information relating to status of the tasks that need to be performed. The pipeline risk is managed based on the status information for the mortgage loan applications maintained by the workflow engine.

Abstract: A method and system for evaluating loan repurchase risk are disclosed. The method includes receiving information related to the loan and determining a loan repurchase risk based on the information. The information may be used to determine a joint probability of an underwriting discrepancy sufficient to trigger a repurchase request and an adverse event in connection with the loan, such as default or delinquency. A repurchase report may provide feedback regarding factors contributing to a repurchase risk. In one embodiment, depending on the repurchase risk, the purchaser may waive repurchase rights in connection with the loan, thereby reducing the requirements of the seller to reserve capital for the loan.

Abstract: A data processing system for processing loan data for a plurality of loans including a data storage system configured to store loan data for the plurality of loans and a user interface including one or more web pages configured to enable a servicer using a remote computing system to transfer loan data over the Internet to and from the data processing system. The user interface includes a loan activity processing function configured to receive servicer loan data including loan activity data from the servicer, a trial balance processing function configured to enable the servicer to submit servicer loan data for comparison with the stored loan data, and a loan level browsing function configured to allow the servicer to view stored loan data.

Abstract: A communication portal configured to provide information regarding mortgage backed securities that have incoming cash flows backed by the excess servicing fees of the plurality of adjustable rate mortgages is described. The communication portal may be configured to display a user prompt to receive information regarding the excess servicing fees and reports regarding the mortgage backed securities that have incoming cash flows backed by the excess servicing fees of the plurality of adjustable rate mortgages. The communication portal can be accessible online.

Abstract: A method of determining a probability of an adverse event in connection with a loan (such as, delinquency, default, or prepayment) based on a predetermined set of loan parameters comprises determining whether loan variable data is available for each of the loan parameters. If loan variable data is available for each of the loan parameters, the probability of delinquency within a period of time is estimated as a function of the loan variable data. If loan variable data is not available, the probability of delinquency within a period of time is estimated by imputing the loan variable data that is not available.

Abstract: A system for facilitating the analysis of a transaction request. The system includes an interface. The interface is configured to receive input data related to the transaction request. The input data includes at least a selection of a variance transaction or a recourse transaction. The system further includes a transaction request processor configured to generate a transaction assessment based on at least the input data and a reporting engine configured to provide the transaction assessment.

Abstract: A processing system for modifying attributes of a plurality of loans is described. The processing system includes an attribute change processor for receiving and implementing a proposed change to an attribute of at least one of the plurality of loans and a loan pricing processor for generating a pricing value associated with the proposed change to the attribute of the at least one loan.

Abstract: A method, the method comprising decomposing each of a plurality of home mortgage loans into a plurality of sub-loan level cash flows, repackaging the plurality of sub-loan level cash flows to form a plurality of financial assets backed by the plurality of sub-loan level cash flows, making a determination of accounting rules that apply to the plurality of financial assets, and storing and tracking accounting data for the plurality of financial assets based at least in part on the accounting rules.

Abstract: Property valuation that uses multiple transactions in predicting a value for a property. Instead of choosing only one prior transaction, valuation uses multiple transactions for a given property to provide a more accurate mark-to-market value. Preferably, a weighted combination of mark-to-market values provided by an HPI and individual ones of the multiple transaction records provide a predicted value for the given property. Weighting factors recency and transaction type to correct for both sources of potential inaccuracy.

Abstract: A data processing system for managing information related to a plurality of financial assets associated with housing and mortgage investments of an investor includes user interface logic configured to receive data regarding the plurality of financial assets including data regarding a plurality of properties associated with the plurality of financial assets. The user interface logic is further configured to provide access to the data regarding the plurality of financial assets. Data management logic is coupled to the user interface logic and is configured to retrieve and process the data regarding the plurality of financial assets. A database is coupled to the data management logic and the user interface logic and is configured to store the data regarding the plurality of financial assets and to link data for a particular property of the plurality of properties across the plurality of financial assets.

Abstract: A method for estimating a real estate price index based on a repeat sales model.