Patents by Inventor Gail Vance

Gail Vance has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • System for generating and administering a servicing asset
    Patent number: 10192266
    Abstract: Method for providing mortgage collateralized servicing (MCS) contracts to mortgage servicers as a tool to manage hedging risk. The MCS contracts of the present invention pays mortgage servicers for their services, while providing a “self-hedging” component that reduces (or eliminates) the need for the servicer to engage in additional investing and trading in derivatives in order to hedge against servicing contract risks. Such risks typically include default, delinquency, pre-payment, and interest rate fluctuations associated with mortgage loans. Additionally, the method preserves the tax and accounting treatment for mortgage servicing rights contracts preferred by servicers.
    Type: Grant
    Filed: July 13, 2015
    Date of Patent: January 29, 2019
    Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATION
    Inventors: Morgan C. Snyder, Gail Vance
  • Method for structuring a mortgage servicing right asset efficiently to include a hedging component
    Patent number: 9153076
    Abstract: Method for providing mortgage collateralized servicing (MCS) contracts to mortgage servicers as a tool to manage hedging risk. The MCS contracts of the present invention pays mortgage servicers for their services, while providing a “self-hedging” component that reduces (or eliminates) the need for the servicer to engage in additional investing and trading in derivatives in order to hedge against servicing contract risks. Such risks typically include default, delinquency, pre-payment, and interest rate fluctuations associated with mortgage loans. Additionally, the method preserves the tax and accounting treatment for mortgage servicing rights contracts preferred by servicers.
    Type: Grant
    Filed: June 24, 2008
    Date of Patent: October 6, 2015
    Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATION
    Inventors: Morgan C. Snyder, Gail Vance
  • Method for structuring a mortgage servicing right asset efficiently to include a hedging component
    Patent number: 7512559
    Abstract: Method for providing mortgage collateralized servicing (MCS) contracts to mortgage servicers as a tool to manage hedging risk. The MCS contracts of the present invention pays mortgage servicers for their services, while providing a “self-hedging” component that reduces (or eliminates) the need for the servicer to engage in additional investing and trading in derivatives in order to hedge against servicing contract risks. Such risks typically include default, delinquency, pre-payment, and interest rate fluctuations associated with mortgage loans. Additionally, the method preserves the tax and accounting treatment for mortgage servicing rights contracts preferred by servicers.
    Type: Grant
    Filed: May 21, 2001
    Date of Patent: March 31, 2009
    Assignee: Federal Home Loan Morgage Corporation
    Inventors: Morgan C Snyder, Gail Vance