Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
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.
REFERENCES:
patent: 4346442 (1982-08-01), Musmanno
patent: 4642768 (1987-02-01), Roberts
patent: 4674044 (1987-06-01), Kalmus et al.
patent: 4722055 (1988-01-01), Roberts
patent: 4739478 (1988-04-01), Roberts et al.
patent: 4750121 (1988-06-01), Halley et al.
patent: 4751640 (1988-06-01), Lucas et al.
patent: 4839804 (1989-06-01), Roberts et al.
patent: 4876648 (1989-10-01), Lloyd
patent: 4910676 (1990-03-01), Alldredge
patent: 4953085 (1990-08-01), Atkins
patent: 5083270 (1992-01-01), Gross et al.
patent: 5227967 (1993-07-01), Bailey
patent: 5237500 (1993-08-01), Perg et al.
Anand K. Bhattacharya, "Synthetic Mortgage-Backed Securities", Journal of Portfolio Management, v18, n3, pp. 44-54, Spring, 1992.
90 TNT 17-44, Treasury Tax Correspondence, Jan. 22, 1990.
Golant, "Patents For Financial Products", New York Law Journal, Dec. 10, 1989.
Fibonacci Corporation
Poinvil Frantzy
LandOfFree
System for the creation and collateralization of real estate mor does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with System for the creation and collateralization of real estate mor, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System for the creation and collateralization of real estate mor will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-1918240