Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2006-11-16
2010-06-08
Karmis, Stefanos (Department: 3696)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000
Reexamination Certificate
active
07734537
ABSTRACT:
A computer-implemented method includes determining, in respect of a loan secured by an asset, a present value of a right of a borrower of the loan to choose during a term of the loan to require an entity to pay the loan in full on the borrower's behalf in exchange for the asset, in response to at least one prediction of whether the borrower will exercise the right. The asset may include realty and the loan may include a mortgage. A further method includes granting, to a borrower of a loan secured by an asset, a right to choose during a term of the loan to require an entity to: (i) pay the loan in full on behalf of the borrower, and (ii) receive the asset in full satisfaction therefor; and receiving valuable consideration from the borrower in exchange for the granting of the right.
REFERENCES:
patent: 5926800 (1999-07-01), Baronowski et al.
patent: 7392216 (2008-06-01), Palmgren et al.
patent: 2006/0085325 (2006-04-01), Jammal et al.
patent: 2006/0184442 (2006-08-01), Krasnerman et al.
Titman, Sheridan et al., Valuing Commercial Mortgages: An Empirical Investigation of the Contingent-Claims Approach to Pricing Risky Debt, The Journal of Finance, vol. XLIV, No. 2, Jun. 1989, pp. 345-373.
Hall, Arden, Valuing the Mortgage Borrower's Prepayment Option, AREUEA Journal, vol. 13, No. 3, 1985, pp. 229-246.
Epperson, James et al., Pricing Default Risk on Mortgages, Journal of the American Real Estate & Urban Economics Association (AREUEA), vol. 13, No. 3, Fall 1985, pp. 261-272.
Cauley, Stephen Day “California Housing Policy”, Director of Research, Richard S. Ziman Center for Real Estate, UCLA Anderson Graduate School of Management, pp. 83-99.
Chatterjee, S., et al., “Influential Observations, High Leverage Points, and Outliers in Linear Regression”, Statistical Science, 1986, pp. 379-393.
Hartarska, Valentina, et al. “Credit Counseling and Mortgage Termination by Low-Income Households”, Journal of Real Estate Finance and Economics, 2005, 30 (3).
Kau, James B., et al. “A Generalized Valuation Model for Fixed-Rate Residential Mortgages”, Journal of Money, Credit, and Banking, 1992, vol. 24, No. 3, pp. 279-299.
Pavlov, Andrey D. “Competing Risks of Mortgage Termination: Who Refinances, Who Moves, and Who Defaults?”, Journal of Real Estate Finance and Economics, 2001, 23:2, pp. 185-211.
Pavlov, Andrey D. “Space-Varying Regression Coefficients: A Semi-parametric Approach Applied to Real Estate Markets”, Real Estate Economics, 2000 v26 2: pp. 249-283.
Quigley, John M. “Interest Rate Variations, Prepayments and Household Mobility”, The Review of Economics and Statistics, Nov. 1987, vol. 69, No. 4, pp. 636-643.
Schwartz, Eduardo S., et al., “Prepayment and the Valuation of Mortgage-Backed Securities”, The Journal of Finance, Jun. 1989, vol. XLIV, No. 2, pp. 375-392.
Sirmans, C. F., et al., “Residential Development, Risk, an Land Prices”, Journal of Regional Science, 1997, vol. 37, No. 4, pp. 613-628.
Ekstein Peter Ian
Pavlov Andrey Dimitrov
Wachter Susan Melinda
Karmis Stefanos
See Carol
Simon Fraser University
LandOfFree
Valuation methods, apparatus, media and signals, and methods... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Valuation methods, apparatus, media and signals, and methods..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Valuation methods, apparatus, media and signals, and methods... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4169514