Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2007-12-26
2010-12-14
Patel, Jagdish N (Department: 3693)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S037000, C705S038000, C705S039000
Reexamination Certificate
active
07853501
ABSTRACT:
A method for creating investment securities structured from interest-rate derivative and mortgage pool components is described. The method includes analyzing the risk elements of the derivative and mortgage pool components, structuring one or more classes of securities, at least one of which is backed by these components in combination, and issuing the structured securities. A computer program product and data processing system for practicing the method are also described. A novel investment security is disclosed which incorporates cash flows from mortgage pool components and cash flows coming from derivative components. Finally, a method of adding value to mortgage-backed securities is described.
REFERENCES:
patent: 5946667 (1999-08-01), Tull et al.
patent: 5966700 (1999-10-01), Gould et al.
patent: 6070151 (2000-05-01), Frankel
patent: 6208738 (2001-03-01), Goldenfeld et al.
patent: 6321212 (2001-11-01), Lange
patent: 7324967 (2008-01-01), Sankaran et al.
patent: 7340427 (2008-03-01), Cornell
patent: 2003/0074306 (2003-04-01), Rios et al.
Notices of Allowance and Allowability, dated Dec. 1, 2009, in U.S. Appl. No. 12/003,478, filed Dec. 26, 2007 (10 pgs.).
Reply to Office Action with RCE, filed Sep. 4, 2009, in U.S. Appl. No. 12/003,478, filed Dec. 26, 2007, showing allowed claims (17 pgs.).
Boudoukh, “Pricing Mortgage Backed Securities in a Multifactor Interest Rate Environment: A Multivariate Density Estimation Approach,” NYU, (Dec. 1996).
Cahill, “A Closer Look at Mortgage-Backed Securities,” (May 1999).
Chen, “The Relevance of Interest Rate Processes in Pricing Mortgage-Backed Securities,” Journal of Housing Research, vol. 6, Issue 2 (1995).
“An Investor's Guide to Mortgage-Backed Securities, IGMS,” The Bond Market Association (retrieved from the Internet by a previous Examiner on Jan. 15, 2004).
R. Pemberton, “Structured Notes” Cansco Investment Counsel Ltd. (retrieved from the Internet by a previous Examiner on Jan. 15, 2004).
“Interest Rate Derivatives Real-Time Pricing System Financial Engineering and Software Systems fo the Derivatives Market for Traders of Financial Derivatives Who Need Rapid Accurate Pricing,” Layer Eight Systems (retrieved from the Internet by a previous Examiner on Jan. 15, 2004).
Wheeler, Douglas S., “Evaluating Mortgage-Backed Securities with Total Rate of Return Simulation,” Bank Accounting & Finance, vol. 5, Issue 3, p. 13, Boston, (Spring 1992).
Federal Home Loan Mortgage Corporation
Finnegan Henderson Farabow Garrett & Dunner LLP
Patel Jagdish N
LandOfFree
Data processing systems and method for creating efficient... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Data processing systems and method for creating efficient..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Data processing systems and method for creating efficient... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4189237