Patents Assigned to Freddie Mac
-
Patent number: 8635136Abstract: A method, system, and computer program product for calculating a reduced fee associated with combining previously securitized mortgage-backed securities to form a new and larger security called a Mega. The method includes identifying a group of Megas that correspond to at least one predetermined fee discount parameter. The group of Megas are members of a set of Megas and the set of Megas contain a number of Megas equal to or larger than a number of Megas in the group of Megas. The method includes calculating a fee for said group of Megas and repeating the steps of identifying a group and calculating a fee until a plurality of groups of Megas have been identified and corresponding Mega group fees have been calculated. The method also includes choosing from said plurality of groups of Megas a final set of Mega groups having a reduced total fee.Type: GrantFiled: June 25, 2012Date of Patent: January 21, 2014Assignee: Freddie MACInventor: Paul C. Konigsberg
-
Patent number: 8612358Abstract: Systems and methods are provided for providing an adjustment to a value estimate for a property that is considered distressed. In one embodiment, a method includes receiving the estimate of value for the property; determining, based on a model, the adjustment to the estimate of value, such that the model accounts for a characteristic of the property and a characteristic of the loan; and providing the adjustment.Type: GrantFiled: February 14, 2013Date of Patent: December 17, 2013Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: James Douglas Gordon, Pamela W. Sims, Aohua Chen, Michael G. Bradley
-
Patent number: 8606691Abstract: A system, method and computer program product for determining purchase eligibility of a financial product; including, classifying the financial product according to an ontological model into one or more classification types, assigning a marker to each classification type corresponding to the attributes of the financial product, and applying decision one or more rules to the financial product to determine whether the financial product is eligible or ineligible for purchase or participation.Type: GrantFiled: December 20, 2006Date of Patent: December 10, 2013Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Glenn V. Angermeier, James O. Holt
-
Patent number: 8548905Abstract: Systems and methods are provided for determining an indication that an application for a mortgage loan to secure a property may result in closing of the loan transaction. In one embodiment, a method includes receiving application information, such that the application information includes at least borrower information, property information, and a first interest rate; receiving home value information, such that the home value information represents an estimated value of the property; receiving a second interest rate; and determining the indication based on the received application information, received home value information, and received second interest rate, such that the indication represents a likelihood that the mortgage loan may result in closing.Type: GrantFiled: September 14, 2012Date of Patent: October 1, 2013Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Matthew J. Klena, Pamela W. Sims
-
Patent number: 8504459Abstract: The invention relates to a method, system and computer program product for grading asset-backed securities by assigning a relative grade, including one or more of a prepayment risk component and a complexity component, which may take into account one or more of weighted average life, volatility of weighted average life at moderate and stressed yield curve shifts, and complexity, in the absence of price information.Type: GrantFiled: April 24, 2009Date of Patent: August 6, 2013Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Jianyuan Cui, Marian Gora
-
Patent number: 8447688Abstract: Embodiments consistent with the present invention provide a credit enhancement structure for risk allocation between parties that minimizes the regulatory capital reserve requirement impact to an institution subject to capital reserve requirement. A subject pool of assets held by the institution, such as a pool of loans, is rated to determine its risk levels. Based on the rated risk levels, a guarantor party agrees to be responsible for a portion of the risk associated with the pool of assets, which may define the maximum risk exposure of the institution holding the asset pool. The risk-rated capital reserve requirements are applied to the asset pool based on the risk level rating and the guarantor's agreed upon risk responsibility such that the institution holds a reduced amount of reserve capital compared to what it would otherwise be required to hold.Type: GrantFiled: June 30, 2011Date of Patent: May 21, 2013Assignee: Freddie MacInventors: Paul A. Thomas, Robert J. Fishman, Clifford V. Rossi, Martin M. Loketek
-
Patent number: 8407120Abstract: Systems, methods, and computer-readable storage media are described for estimating real estate property values based on an adjusted repeat sales model. In one exemplary embodiment, a computer-implemented method comprises calculating data for estimating the adjustments from aggregated levels to disaggregated levels by marking a first transaction to a second transaction using a repeat sales house price index function at an aggregated level; determining, using the calculated data, an estimate of the deviation between the repeat sales house price index at the aggregated level and a repeat sales house price index at a disaggregated level; and calculating the repeat sales house price index at the disaggregated level based on the determined estimate of the deviation from the aggregated level.Type: GrantFiled: December 29, 2008Date of Patent: March 26, 2013Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: James Douglas Gordon, Pamela W. Simms
-
Patent number: 8401868Abstract: Systems and methods consistent with the present invention generate a model for providing one or more scores indicating a likelihood that a stated income is faulty. In one embodiment, the method includes, for example, receiving information representative of at least one borrower; receiving a first income value for the at least one borrower; and receiving a second value for the at least one borrower, such that the second income value verifies the first income value. Moreover, the method includes determining one or more parameters for the model based on the received information, the received first income value, and the received second income value, such that the one or more parameters enable the model to provide the one or more scores.Type: GrantFiled: May 11, 2010Date of Patent: March 19, 2013Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims
-
Patent number: 8386395Abstract: Systems and methods are provided for providing an adjustment to a value estimate for a property that is considered distressed. In one embodiment, a method includes receiving the estimate of value for the property; determining, based on a model, the adjustment to the estimate of value, such that the model accounts for a characteristic of the property and a characteristic of the loan; and providing the adjustment.Type: GrantFiled: April 28, 2005Date of Patent: February 26, 2013Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: J. Douglas Gordon, Pamela W. Sims, Aohua Chen, Michael G. Bradley
-
Patent number: 8326749Abstract: Systems, methods, and computer program products are provided for creating and using a common, generic, data/object model to represent information grids or lookup tables, such as a mortgage asset pricing information grid, mortgage asset re-pricing grid, and credit risk pricing grid. The common model allows a common software representation for logically different attributes.Type: GrantFiled: March 7, 2012Date of Patent: December 4, 2012Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Mark E. Seal, James Quartey, Suresh S. Kalkavery
-
Patent number: 8315928Abstract: Systems and methods are described for validating a model that generates cash flow distributions. The systems and methods receive a first set of data and generate a second set of data, associated with the first set of data, based on a set of rules. The system may further request a first set of reports from the first processor and generate a second set of reports based on the first and second sets of data. The reports are compared.Type: GrantFiled: March 31, 2005Date of Patent: November 20, 2012Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Brian T. Farrell, Herman J. Aparicio, Jesus A. Bauza-Montenegro, Anita L. Champ, Doris J. Eversmeyer, Matthew J. W. Porter, Loren E. Snyder, Wei Zhou
-
Patent number: 8280806Abstract: Systems and methods are provided for determining an indication that an application for a mortgage loan to secure a property may result in closing of the loan transaction. In one embodiment, a method includes receiving application information, such that the application information includes at least borrower information, property information, and a first interest rate; receiving home value information, such that the home value information represents an estimated value of the property; receiving a second interest rate; and determining the indication based on the received application information, received home value information, and received second interest rate, such that the indication represents a likelihood that the mortgage loan may result in closing.Type: GrantFiled: September 13, 2011Date of Patent: October 2, 2012Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Matthew J. Klena, Pamela W. Sims
-
Patent number: 8255320Abstract: Systems, methods, and computer program products are provided for creating and using a common, generic, data/object model to represent information grids or lookup tables, such as a mortgage asset pricing information grid, mortgage asset re-pricing grid, and credit risk pricing grid. The common model allows a common software representation for logically different attributes.Type: GrantFiled: March 7, 2012Date of Patent: August 28, 2012Assignee: Freddie MacInventors: Mark E. Seal, Janes Quartey, Suresh S. Kalkavery
-
Patent number: 8239318Abstract: Systems and methods are provided for determining an indication that an application for a mortgage loan to secure a property may result in closing of the loan transaction. In one embodiment, a method includes receiving application information, such that the application information includes at least borrower information, property information, and a first interest rate; receiving home value information, such that the home value information represents an estimated value of the property; receiving a second interest rate; and determining the indication based on the received application information, received home value information, and received second interest rate, such that the indication represents a likelihood that the mortgage loan may result in closing.Type: GrantFiled: September 13, 2011Date of Patent: August 7, 2012Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Matthew J. Klena, Pamela W. Sims
-
Patent number: 8209258Abstract: Systems, methods, and computer program products are provided for creating and using a common, generic, data/object model to represent information grids or lookup tables, such as a mortgage asset pricing information grid, mortgage asset re-pricing grid, and credit risk pricing grid. The common model allows a common software representation for logically different attributes.Type: GrantFiled: January 26, 2011Date of Patent: June 26, 2012Assignee: Freddie MacInventors: Mark E. Seal, Janes Quartey, Suresh S. Kalkavery
-
Patent number: 8209256Abstract: A method, system, and computer program product for calculating a reduced fee associated with combining previously securitized mortgage-backed securities to form a new and larger security called a Mega. The method includes identifying a group of Megas that correspond to at least one predetermined fee discount parameter. The group of Megas are members of a set of Megas and the set of Megas contain a number of Megas equal to or larger than a number of Megas in the group of Megas. The method includes calculating a fee for said group of Megas and repeating the steps of identifying a group and calculating a fee until a plurality of groups of Megas have been identified and corresponding Mega group fees have been calculated. The method also includes choosing from said plurality of groups of Megas a final set of Mega groups having a reduced total fee.Type: GrantFiled: October 29, 2004Date of Patent: June 26, 2012Assignee: Freddie MacInventor: Paul C. Konigsberg
-
Patent number: 8112338Abstract: A method for creating investment securities structured from interest-rate derivative and mortgage pool components is described. The method includes analyzing the risk elements of the derivative and mortgage pool components, structuring one or more classes of securities, at least one of which is backed by these components in combination, and issuing the structured securities. A computer program product and data processing system for practicing the method are also described. A novel investment security is disclosed which incorporates cash flows from mortgage pool components and cash flows coming from derivative components. Finally, a method of adding value to mortgage-backed securities is described.Type: GrantFiled: November 18, 2010Date of Patent: February 7, 2012Assignee: Freddie MacInventor: Ross H. Cornell
-
Patent number: 8108302Abstract: Systems and methods are provided for determining an indication that an application for a mortgage loan to secure a property may result in closing of the loan transaction. In one embodiment, a method includes receiving application information, such that the application information includes at least borrower information, property information, and a first interest rate; receiving home value information, such that the home value information represents an estimated value of the property; receiving a second interest rate; and determining the indication based on the received application information, received home value information, and received second interest rate, such that the indication represents a likelihood that the mortgage loan may result in closing.Type: GrantFiled: August 13, 2009Date of Patent: January 31, 2012Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Michael G. Bradley, J. Douglas Gordon, Matthew J. Klena, Pamela W. Sims
-
Patent number: 8010377Abstract: Systems and methods are provided for generating a model for providing one or more scores indicating a likelihood that an appraisal value is faulty. In one embodiment, a method includes receiving information representative of at least one of a borrower, a property, or one or more demographics; receiving a first appraisal value of the property; receiving a second appraisal value of the property, such that the second appraisal verifies the first appraisal; and determining one or more parameters for the model based on the received information, the received first appraisal value, and the received second appraisal value, such that the one or more parameters enable the model to provide the one or more scores.Type: GrantFiled: October 29, 2007Date of Patent: August 30, 2011Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims, Douglas A. McManus, Morgan C. Snyder
-
Patent number: 7996313Abstract: A system and method of structuring a supplemental interest mortgage is disclosed. A principal debt obligation and a supplemental debt obligation based on the principal debt loan are secured by a single security instrument. The principal debt obligation includes the principal loan and principal interest to compensate a lender for use of the lender's funds. The supplemental debt obligation includes supplemental interest to compensate a lender for the risk of borrower nonpayment.Type: GrantFiled: February 27, 2004Date of Patent: August 9, 2011Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: John P. McMurray, Jacqueline Marie Doty, Richard Peter Nespola, Jr., Morgan C. Snyder, Lynne Sroka Mayo, Daniel Wayne Kelly, Paul Alan Thomas