Federal Home Loan Mortgage Corporation (freddie Mac)

Federal Home Loan Mortgage Corporation

Aohua Chen

Pamela Williams Sims

Michael G Bradley

James Douglas Gordon

J Douglas Gordon

Systems and methods are provided for providing an adjustment to a value estimate for a property that is considered distressed. In one embodiment, a method includes receiving the estimate of value for the property; determining, based on a model, the adjustment to the estimate of value, such that the model accounts for a characteristic of the property and a characteristic of the loan; and providing the adjustment.

Systems and methods for adjusting the value of distressed properties

Systems and methods for modifying a loan

Systems and methods consistent with the present invention provide an indication of whether a mortgage loan is likely to involve property value fraud, such as a property involved in mortgage flipping. In one embodiment, a method includes receiving information representative of the property, the information including foreclosure information on the property and a rate of foreclosures corresponding to a region in which the property is located; and determining an indication based on one or more rules and the received information, the indication representative of a likelihood that the mortgage loan application involves property value fraud.

Systems and methods for assessing property value fraud

Growing community of inventors

Herndon, VA, United States of America

Aohua Chen