Patents by Inventor John P. McMurray

John P. McMurray 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).

  • Method for structuring a supplemental interest mortgage
    Patent number: 8694421
    Abstract: 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: Grant
    Filed: February 27, 2013
    Date of Patent: April 8, 2014
    Assignee: Federal Home Loan Mortgage Corporation
    Inventors: John P. McMurray, Jacqueline M. Doty, Richard P. Nespola, Jr., Morgan C. Snyder, Lynne S. Mayo, Daniel W. Kelly, Paul Alan Thomas
  • Method for structuring a supplemental interest mortgage
    Patent number: 8401961
    Abstract: 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: Grant
    Filed: July 1, 2011
    Date of Patent: March 19, 2013
    Assignee: Federal Home Loan Mortgage Corporation
    Inventors: John P. McMurray, Jacqueline Marie Doty, Richard Peter Nespola, Jr., Morgan C. Snyder, Lynne Sroka Mayo, Daniel Wayne Kelly, Paul Alan Thomas
  • Method for structuring a supplemental interest mortgage
    Patent number: 7996313
    Abstract: 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: Grant
    Filed: February 27, 2004
    Date of Patent: August 9, 2011
    Assignee: 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
  • Property-related benefit financing method and system
    Publication number: 20080243679
    Abstract: A method for providing funding for a property-related benefit (PRB) associated with an item of property. A PRB lien is prepared that provides for the funding to obtain one or more specified PRBs related to the property. The PRB lien identifies one or more value and corresponding interest rate associated with each respective PRB obtained. The PRB lien can be the only lien existing against the specified item of property or it can exist in conjunction with one or more other liens against the property. Also, the PRB lien can be canceled at any time without affecting the terms of any other existing liens against the property.
    Type: Application
    Filed: March 30, 2007
    Publication date: October 2, 2008
    Inventors: John P. McMurray, Mitchell G. Turley