Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2011-08-09
2011-08-09
Dass, Harish T (Department: 3695)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000, C705S03600T, C705S037000, C705S038000, C705S039000, C705S044000
Reexamination Certificate
active
07996313
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.
REFERENCES:
patent: 6148293 (2000-11-01), King
patent: 6671677 (2003-12-01), May
patent: 6901384 (2005-05-01), Lynch et al.
Sinnock, Bonnie “Salomon back on top”, National Mortgage News, New York; !pr 14, 1997. vol. 21, Iss. 28; p. 1, 2 pgs.
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Nachfrist (1985)—non-payment interest.
“Low money down” Michelle C Hamecs, William S Renner. Housing Economics. Washington: Mar 1999. vol. 47, Iss. 3; p. 10, 4 pgs.
Securitizing Low-Income Multifamily Mortgages Stevenson, Eric. Mortgage Banking. Washington: May 1992. vol. 52, Iss. 8; p. 81,6 pgs.
Eatman et al. (Exhibit “Q” Contingent Interest Loans: Two Mortgages are Better Than One By: Louis P. Eatman and Alec G. Nedelman copyright 1990), pp. 78-82.
Doty Jacqueline Marie
Kelly Daniel Wayne
Mayo Lynne Sroka
McMurray John P.
Nespola, Jr. Richard Peter
Dass Harish T
Federal Home Loan Mortgage Corporation (Freddie Mac)
Oblon, Spivak McClelland, Maier & Neustadt, L.L.P.
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