Patricia M Dodson

Title: Patricia M. Dodson: Innovator in Mortgage Futures Contracts

Introduction

Patricia M. Dodson is a notable inventor based in Herndon, VA (US). She has made significant contributions to the field of finance, particularly in the area of mortgage price indicator contracts. With a total of 3 patents to her name, her work has had a substantial impact on the mortgage and mortgage-backed securities markets.

Latest Patents

One of her latest patents is a method for structuring, pricing, and settling a current mortgage price indicator contract, known as the Mortgage Futures Contract. This innovative 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 market participants, including portfolio managers, dealers, hedgers, originators, speculators, and arbitrageurs. The Mortgage Futures Contract is based on conventional mortgage-backed securities (MBS) and features a relatively current coupon composition. This design results in risk properties that are more appealing to market participants compared to prior contracts based on non-conventional MBS. Additionally, the contract includes a cash settlement feature that eliminates the complicated and often uneconomic physical delivery of the underlying security. An options contract corresponding to the Mortgage Futures Contract is also described in her patent.

Career Highlights

Patricia M. Dodson works at the Federal Home Loan Mortgage Corporation, where she continues to innovate in the financial sector. Her expertise in mortgage pricing and structuring has positioned her as a key figure in the industry.

Collaborations

Some of her notable coworkers include Robert J. Burns and Mustafa Chowdhury, who contribute to the collaborative environment at the Federal Home Loan Mortgage Corporation.

Conclusion

Patricia M. Dodson's contributions to the field of mortgage futures contracts demonstrate her innovative spirit and commitment to enhancing financial instruments. Her work continues to influence the mortgage and mortgage-backed securities markets significantly.