Patents by Inventor Sol T. Mumey

Sol T. Mumey 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 forecasting housing prices using a dynamic error correction model
    Patent number: 8666755
    Abstract: A system and method for forecasting a price of a property in a first housing sub-market based on data related to a second housing sub-market are described. A price index is derived for the second housing sub-market, and an error correcting function is calculated for the first housing sub-market. A price index for the first housing sub-market is derived from the second sub-market price index and the error correcting function. An estimate of the price of the price of the property in the first housing sub-market is then provided. The estimate of the price can be used as the basis for an economic decision.
    Type: Grant
    Filed: October 23, 2012
    Date of Patent: March 4, 2014
    Assignee: Federal Home Loan Mortgage Corporation
    Inventors: Douglas Alexander McManus, Sol T. Mumey
  • Method for forecasting housing prices using a dynamic error correction model
    Patent number: 8301459
    Abstract: A system and method for forecasting a price of a property in a first housing sub-market based on data related to a second housing sub-market are described. A price index is derived for the second housing sub-market, and an error correcting function is calculated for the first housing sub-market. A price index for the first housing sub-market is derived from the second sub-market price index and the error correcting function. An estimate of the price of the price of the property in the first housing sub-market is then provided. The estimate of the price can be used as the basis for an economic decision.
    Type: Grant
    Filed: March 12, 2009
    Date of Patent: October 30, 2012
    Assignee: Federal Home Loan Mortgage Corporation
    Inventors: Douglas Alexander McManus, Sol T. Mumey
  • Method for forecasting house prices using a dynamic error correction model
    Patent number: 7509261
    Abstract: A system and method for forecasting a price of a property in a first housing sub-market based on data related to a second housing sub-market are described. A price index is derived for the second housing sub-market, and an error correcting function is calculated for the first housing sub-market. A price index for the first housing sub-market is derived from the second sub-market price index and the error correcting function. An estimate of the price of the price of the property in the first housing sub-market is then provided. The estimate of the price can be used as the basis for an economic decision.
    Type: Grant
    Filed: December 4, 2000
    Date of Patent: March 24, 2009
    Assignee: Federal Home Loan Mortgage Corporation
    Inventors: Douglas Alexander McManus, Sol T. Mumey
  • System and method for providing house price forecasts based on repeat sales model
    Patent number: 6401070
    Abstract: Method and system for estimating real estate property values based on repeat sales model. The method estimates the price index using property value data from refinance transactions, as well as from purchase transactions. In so estimating, the method compensates for the transaction bias arising from using data from refinance transactions, which may exhibit incentive and selection biases. The property at issue may be estimated based on the so-computed price index. The price index and/or the bias component may be estimated using nonparametric functions.
    Type: Grant
    Filed: July 15, 1998
    Date of Patent: June 4, 2002
    Assignee: Freddie Mac
    Inventors: Douglas A. McManus, Sol T. Mumey