Abstract: A method of making and securing a loan, including the steps of: taking a loan by a borrower; and lending money secured by real estate to the borrower. The loan terms include the borrower being responsible for the debt; the borrower has an option to request another entity make a predetermined payment on the borrower's behalf; and the another entity takes an equity interest in relation to the amount paid by the another entity on behalf of the borrower.
Abstract: A system computes a plurality of estimates of a real estate entity based on various types and numbers of predictive models. It also selects a limited number of best estimates to be combined. Finally, the system weights each selected estimate according to the calculated precision of that estimate and combines the weighted estimates into a combined weighted estimate.
Type:
Grant
Filed:
October 11, 1996
Date of Patent:
August 19, 2003
Assignee:
Freddie Mac
Inventors:
Michael G. Bradley, James Douglas Gordon, Douglas A. McManus
Abstract: Method and system for estimating real estate property values based on repeat sales model. The method estimates the price index using property value data from refinance transactions, as well as from purchase transactions. In so estimating, the method compensates for the transaction bias arising from using data from refinance transactions, which may exhibit incentive and selection biases. The property at issue may be estimated based on the so-computed price index. The price index and/or the bias component may be estimated using nonparametric functions.
Abstract: Methods, system, and article of manufacture are provided for processing real estate loans based on loan data including personal data relating to a borrower, financial information relating to the borrower's financial position, and loan conditions including a loan term and information on the corresponding real estate, related to a real estate loan. Such methods, system, and article of manufacture generate a comparison model including an ability-to-pay rate reflecting an interest rate on the loan reflecting the borrower's ability to repay a loan having the loan conditions, a default rate reflecting an interest rate realizable if the loan is foreclosed and a new loan secured by the real estate originated, and a minimum rate reflecting an interest rate realizable if protocols from a sale of the real estate before expiration of the loan term are determined to be acceptable and a new loan secured by the real estate originated.
Type:
Grant
Filed:
January 26, 1999
Date of Patent:
May 23, 2000
Assignee:
Freddie Mac
Inventors:
John J. McCauley, Phillip E. Comeau, John A. Vella, Elizabeth M. Botkin, Nicole Lewis
Abstract: Methods, system, and article of manufacture are provided for processing real estate loans based on loan data including personal data relating to a borrower, financial information relating to the borrower's financial position, and loan conditions including a loan term and information on the corresponding real estate, related to a real estate loan. Such methods, system, and article of manufacture generate a comparison model including an ability-to-pay rate reflecting an interest rate on the loan reflecting the borrower's ability to repay a loan having the loan conditions, a default rate reflecting an interest rate realizable if the loan is foreclosed and a new loan secured by the real estate originated, and a minimum rate reflecting an interest rate realizable if proceeds from a sale of the real estate before expiration of the loan term are determined to be acceptable and a new loan secured by the real estate originated.
Type:
Grant
Filed:
January 14, 1997
Date of Patent:
July 27, 1999
Assignee:
Freddie Mac
Inventors:
John J. McCauley, Phillip E. Comeau, John A. Vella, Elizabeth M. Botkin, Nicole Lewis