Abstract: Computer-implemented options can be negotiated between two parties, addressing a financial term of a transaction, which financial term is subject to change before it becomes a fixed obligation of the parties. Disclosed embodiments implementing the options include a template for associating data indicating a desired price lock with data indicating a customer identity; a data structure; a database recorded on a computer readable medium; a programmed computer system; a self-executing option agreement; a method or machine for establishing a price lock for a future transaction; methods for calculating and hedging risk exposure resulting from accepting a portfolio of such options; and a computer-aided method for producing an asset-backed security backed by a multiplicity of loans.

Abstract: The disclosure relates to computer-implemented options that can be negotiated between two parties, addressing a financial term of a transaction, which financial term is subject to change before it becomes a fixed obligation of the parties. Disclosed embodiments implementing the options include a template for associating data indicating a desired price lock with data indicating a customer identity; a data structure; a database recorded on a computer readable medium; a programmed computer system; a self-executing option agreement; a method or machine for establishing a price lock for a future transaction; methods for calculating and hedging risk exposure resulting from accepting a portfolio of such options; and a computer-aided method for producing an asset-backed security backed by a multiplicity of loans.

Abstract: A machine for producing and communicating output data, via a link over a network, to carry out a financial transaction including a mortgage loan, the machine including a computer configured to receive input data corresponding to a financial transaction including a mortgage loan which includes a financial term, the financial term being a financial term which is subject to change before the financial term has a set value triggered, according to information elicited regarding a potential customer who contemplates the mortgage loan, by a current market rate, produce output data from the input data, store the produced output data in memory, and communicate the produced output data from the memory, via a link over a network to, at least one of a consumer's computer, a broker's computer, a lender's computer, a seller's computer, a securities exchange computer, a trading desk computer, a buyer's broker computer, and an investor's computer so as to carry out the financial transaction including the mortgage loan.

Abstract: A computer-aided method for carrying out an option on a loan, for example a residential mortgage loan, the method including the steps of: receiving information into a memory, the specifications defining the option on the loan, the specifications including a trigger for executing the option, the specifications such as an interest rate; evaluating the trigger with a computer accessing further data; and if the trigger is detected, signaling execution of the option. The option can be, for example, an interest rate floor, ceiling, or both. Computer cooperation can facilitates closing of the loan and downstream processing, if so desired.