Patents by Inventor Morgan C. Snyder
Morgan C. Snyder 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: 10192266Abstract: 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: GrantFiled: July 13, 2015Date of Patent: January 29, 2019Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATIONInventors: Morgan C. Snyder, Gail Vance
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Patent number: 9153076Abstract: 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: GrantFiled: June 24, 2008Date of Patent: October 6, 2015Assignee: FEDERAL HOME LOAN MORTGAGE CORPORATIONInventors: Morgan C. Snyder, Gail Vance
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Patent number: 8694421Abstract: 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: GrantFiled: February 27, 2013Date of Patent: April 8, 2014Assignee: Federal Home Loan Mortgage CorporationInventors: John P. McMurray, Jacqueline M. Doty, Richard P. Nespola, Jr., Morgan C. Snyder, Lynne S. Mayo, Daniel W. Kelly, Paul Alan Thomas
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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: 8401961Abstract: 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: GrantFiled: July 1, 2011Date of Patent: March 19, 2013Assignee: Federal Home Loan Mortgage CorporationInventors: John P. McMurray, Jacqueline Marie Doty, Richard Peter Nespola, Jr., Morgan C. Snyder, Lynne Sroka Mayo, Daniel Wayne Kelly, Paul Alan Thomas
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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: 7996313Abstract: 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: GrantFiled: February 27, 2004Date of Patent: August 9, 2011Assignee: 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
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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: 7835919Abstract: Systems and methods are provided for providing an indication that an appraisal value for a property is likely to be faulty using a model. In one embodiment, a method includes receiving information representative of at least one of a borrower, a property, or one or more demographics; receiving the appraisal value of the property; and determining a score based on the received information, received appraisal, and the model, such that the score provides the indication of the likelihood that the appraisal value for the property is faulty.Type: GrantFiled: March 12, 2002Date of Patent: November 16, 2010Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims, Douglas A. McManus, Morgan C. Snyder
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Patent number: 7711574Abstract: 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: October 7, 2003Date of Patent: May 4, 2010Assignee: 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: 7512559Abstract: 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: GrantFiled: May 21, 2001Date of Patent: March 31, 2009Assignee: Federal Home Loan Morgage CorporationInventors: Morgan C Snyder, Gail Vance
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Patent number: 7289965Abstract: 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: March 12, 2002Date of Patent: October 30, 2007Assignee: Freddie MacInventors: Michael G. Bradley, J. Douglas Gordon, Pamela W. Sims, Douglas A. McManus, Morgan C. Snyder