This inventor holds 3 USPTO granted patents. Top assignee: Federal Home Loan Mortgage Corporation. Active years: 2008-2011.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile
Company Filing History:
Years Active: 2008-2011
Title: Innovations by Gregory J Parseghian
Introduction
Gregory J Parseghian is a notable inventor based in McLean, VA (US). He has made significant contributions to the field of mortgage finance through his innovative patents. With a total of 3 patents, his work has had a considerable impact on the mortgage and mortgage-backed securities markets.
Latest Patents
One of his latest patents is a method for structuring, pricing, and settling a current mortgage price indicator contract, known as the Mortgage Futures Contract. This contract can be traded on a futures exchange and adds value over existing hedging and speculating alternatives. It meets the needs of a wide range of mortgage and mortgage-backed securities (MBS) market participants, including portfolio managers, dealers, hedgers, originators, speculators, and arbitrageurs. The Mortgage Futures Contract is based on conventional MBS and features a relatively current coupon composition, resulting in risk properties that appeal to market participants more than prior contracts based on non-conventional MBS. Additionally, the contract includes a cash settlement feature designed to eliminate the complicated and largely uneconomic physical delivery of the underlying security. An options contract corresponding to the Mortgage Futures Contract is also described.
Career Highlights
Gregory J Parseghian works at the Federal Home Loan Mortgage Corporation, where he continues to develop innovative solutions in the mortgage finance sector. His expertise and inventions have positioned him as a key figure in the industry.
Collaborations
Some of his notable coworkers include Robert J Burns and Mustafa Chowdhury, who contribute to the collaborative environment that fosters innovation at the Federal Home Loan Mortgage Corporation.
Conclusion
Gregory J Parseghian's contributions to mortgage finance through his patents demonstrate his innovative spirit and commitment to improving market practices. His work continues to influence the industry and provide valuable tools for market participants.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile