Patents by Inventor J. Douglas Gordon
J. Douglas Gordon 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).
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Patent number: 11244386Abstract: 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: March 5, 2013Date of Patent: February 8, 2022Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)Inventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims
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Patent number: 10937091Abstract: Systems, methods, and computer-readable storage media are described for estimating real estate property values based on an adjusted repeat sales model using a regularized estimator. In one exemplary embodiment, a computer-implemented method calculates data for estimating the adjustments from an aggregated level to a first disaggregated level by marking a first transaction to a second transaction using a repeat sales house price index function at the aggregated level. The method also determines, using the calculated data, a regularized estimate of the deviation between the repeat sales house price index at the aggregated level and a repeat sales house price index at the first disaggregated level. The method further calculates the repeat sales house price index at the first disaggregated level based on the determined regularized estimate of the deviation from the aggregated level.Type: GrantFiled: April 17, 2020Date of Patent: March 2, 2021Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)Inventors: Stefan Krieger, J. Douglas Gordon, Yang Wang, Shaojie Chen, Ming Xiong
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Patent number: 10628839Abstract: Systems, methods, and computer-readable storage media are described for estimating real estate property values based on an adjusted repeat sales model using a regularized estimator. In one exemplary embodiment, a computer-implemented method calculates data for estimating the adjustments from an aggregated level to a first disaggregated level by marking a first transaction to a second transaction using a repeat sales house price index function at the aggregated level. The method also determines, using the calculated data, a regularized estimate of the deviation between the repeat sales house price index at the aggregated level and a repeat sales house price index at the first disaggregated level. The method further calculates the repeat sales house price index at the first disaggregated level based on the determined regularized estimate of the deviation from the aggregated level.Type: GrantFiled: May 15, 2013Date of Patent: April 21, 2020Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATION (FREDDIE MAC)Inventors: Stefan Krieger, J. Douglas Gordon, Yang Wang, Shaojie Chen, Ming Xiong
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Patent number: 10152748Abstract: Systems, methods, and computer-readable media are disclosed for calculating a housing volatility index. An exemplary embodiment includes accessing stored property value data reflecting first values of real estate properties during a first time period and second values of the real estate properties during a second time period. The second time period may be subsequent to the first time period. The property value data may be processed to identify the first values and the second values, and time intervals between dates of the first values and dates of the second values may be calculated. Value changes of the real estate properties over the time intervals may also be calculated, based on the first values and the second values. A volatility measure for the real estate properties may be determined based on the value changes of the real estate properties over the time intervals, and the volatility measure may be output to a user.Type: GrantFiled: September 14, 2012Date of Patent: December 11, 2018Assignee: Federal Home Loan Mortgage CorporationInventors: Menner Tatang, J. Douglas Gordon, Ming Xiong, Shaojie Chen
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Patent number: 10062110Abstract: Systems, methods, and computer-readable media are disclosed for calculating a housing volatility index. An exemplary embodiment includes accessing stored property value data reflecting first values of real estate properties during a first time period and second values of the real estate properties during a second time period. The second time period may be subsequent to the first time period. The property value data may be processed to identify the first values and the second values, and time intervals between dates of the first values and dates of the second values may be calculated. Value changes of the real estate properties over the time intervals may also be calculated, based on the first values and the second values. A volatility measure for the real estate properties may be determined based on the value changes of the real estate properties over the time intervals, and the volatility measure may be output to a user.Type: GrantFiled: November 18, 2009Date of Patent: August 28, 2018Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Menner Tatang, J. Douglas Gordon, Ming Xiong, Shaojie Chen
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Patent number: 10062112Abstract: Systems, methods, and computer-readable media are disclosed for calculating a housing volatility index. An exemplary embodiment includes accessing stored property value data reflecting first values of real estate properties during a first time period and second values of the real estate properties during a second time period. The second time period may be subsequent to the first time period. The property value data may be processed to identify the first values and the second values, and time intervals between dates of the first values and dates of the second values may be calculated. Value changes of the real estate properties over the time intervals may also be calculated, based on the first values and the second values. A volatility measure for the real estate properties may be determined based on the value changes of the real estate properties over the time intervals, and the volatility measure may be output to a user.Type: GrantFiled: September 14, 2012Date of Patent: August 28, 2018Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Menner Tatang, J. Douglas Gordon, Ming Xiong, Shaojie Chen
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Patent number: 10055788Abstract: Systems, methods, and computer-readable media are disclosed for calculating a housing volatility index. An exemplary embodiment includes accessing stored property value data reflecting first values of real estate properties during a first time period and second values of the real estate properties during a second time period. The second time period may be subsequent to the first time period. The property value data may be processed to identify the first values and the second values, and time intervals between dates of the first values and dates of the second values may be calculated. Value changes of the real estate properties over the time intervals may also be calculated, based on the first values and the second values. A volatility measure for the real estate properties may be determined based on the value changes of the real estate properties over the time intervals, and the volatility measure may be output to a user.Type: GrantFiled: September 14, 2012Date of Patent: August 21, 2018Assignee: Federal Home Loan Morgage CorporationInventors: Menner Tatang, J. Douglas Gordon, Ming Xiong, Shaojie Chen
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Patent number: 8682682Abstract: A method, system, and non-transitory computer-readable storage medium are disclosed that determine a likelihood that an appraisal for a property is accurate. The method may include receiving borrower information and property information. The method may further including calculating, based on the received borrower information and property information, a score for the appraisal of the property, the score providing an indication of the accuracy of the appraisal. The method may further include establishing a plurality of ranges within which the score may fall, each of the ranges providing a relative indication of the accuracy of the appraisal. The method may further include analyzing the score to determine within which of the plurality of ranges the score falls. The method may further include determining, based on the analysis of within which range the score falls, whether to request further review of the appraisal.Type: GrantFiled: August 26, 2011Date of Patent: March 25, 2014Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims, Douglas A. McManus, Morgan C. Snyder
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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
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Patent number: 8452641Abstract: Systems, methods, and computer-readable storage media are described for estimating real estate property values based on an adjusted repeat sales model using a regularized estimator. In one exemplary embodiment, a computer-implemented method calculates data for estimating the adjustments from an aggregated level to a first disaggregated level by marking a first transaction to a second transaction using a repeat sales house price index function at the aggregated level. The method also determines, using the calculated data, a regularized estimate of the deviation between the repeat sales house price index at the aggregated level and a repeat sales house price index at the first disaggregated level. The method further calculates the repeat sales house price index at the first disaggregated level based on the determined regularized estimate of the deviation from the aggregated level.Type: GrantFiled: November 24, 2010Date of Patent: May 28, 2013Assignee: Federal Home Loan Mortgage CorporationInventors: Stefan Krieger, J. Douglas Gordon, Yang Wang, Shaojie Chen, Ming Xiong
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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
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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
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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
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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
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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
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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
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Patent number: 7974854Abstract: Systems and methods are provided for providing, based on a model, an indication that an appraisal value for a property is likely to be faulty. In one embodiment, a method includes receiving information representative of at least one of a borrower, a property, or one or more demographics, such that the received information corresponds to a date. The method determines a score based on the received information and the model, such that the score provides the indication of the likelihood that the appraisal value was faulty on the date.Type: GrantFiled: April 6, 2010Date of Patent: July 5, 2011Assignee: Federal Home Loan Mortgage Corporation (Freddie Mac)Inventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims, Douglas A. McManus, Morgan C. Snyder, Mathew J. Klena
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Patent number: 7945510Abstract: Systems and methods consistent with the present invention provide a mortgage with a primary credit line and a sliding credit line, such that the borrower may request to borrow from the sliding credit line as part of the original mortgage. A level of risk associated with the borrower may be determined based on credit information of the borrower; a first credit line may be established based on the determined level of risk associated with the borrower, the first credit line being set as a debt of the mortgage; a second credit line may be established based on the determined level of risk associated with the borrower, the second credit line being set as a maximum to which the debt of the mortgage may be increased during the mortgage; and the mortgage may be offered to the borrower with the established first and second credit lines, such that a single first lien may serve as security for the first and second credit lines.Type: GrantFiled: March 13, 2003Date of Patent: May 17, 2011Assignee: Federal Home Loan Mortgage Corp. (Freddie Mac)Inventors: Michael G. Bradley, J. Douglas Gordon, Walter C. Muren
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Patent number: 7941365Abstract: Systems and methods consistent with the present invention provide a mortgage with a primary credit line and a sliding credit line, such that the borrower may request to borrow from the sliding credit line as part of the original mortgage. In one embodiment, the method includes determining a level of risk associated with the borrower based on credit information of the borrower; establishing a first credit line based on the determined level of risk associated with the borrower, the first credit line being set as a debt of the mortgage; establishing a second credit line based on the determined level of risk associated with the borrower, the second credit line being set as a maximum to which the debt of the mortgage may be increased during the mortgage; and offering the mortgage to the borrower with the established first and second credit lines, such that a single first lien may serve as security for the first and second credit lines.Type: GrantFiled: December 31, 2007Date of Patent: May 10, 2011Assignee: Federal Home Loan Mortgage Corp. (Freddie Mac)Inventors: Michael G. Bradley, J. Douglas Gordon, Walter C. Muren
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Patent number: 7941366Abstract: Systems and methods consistent with the present invention provide a mortgage with a primary credit line and a sliding credit line, such that the borrower may request to borrow from the sliding credit line as part of the original mortgage. In one embodiment, the method includes determining a level of risk associated with the borrower based on credit information of the borrower; establishing a first credit line based on the determined level of risk associated with the borrower, the first credit line being set as a debt of the mortgage; establishing a second credit line based on the determined level of risk associated with the borrower, the second credit line being set as a maximum to which the debt of the mortgage may be increased during the mortgage; and offering the mortgage to the borrower with the established first and second credit lines, such that a single first lien may serve as security for the first and second credit lines.Type: GrantFiled: December 31, 2007Date of Patent: May 10, 2011Assignee: Federal Home Loan Mortgage Corp. (Freddie Mac)Inventors: Michael G. Bradley, J. Douglas Gordon, Walter C. Muren