System for the creation and collateralization of real estate mor

Details System for the creation and collateralization of real estate mor System for the creation and collateralization of real estate mor

1995-11-29

2000-05-30

Poinvil, Frantzy

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

705 36, G06F15700

Patent

active

06070151&

ABSTRACT:
A system for creating and managing securities that evaluates the cash flows of mortgage securities that are to be restructured into new securities. The securities to be restructured can be either mortgage securities that qualify as collateral for a CMO/REMIC or securities that were issued by an existing CMO/REMIC. Based upon the original mortgage securities, the system may create four new securities: two each that have principal-only cash flows and two each that have interest-only cash flows.

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