Federal Home Loan Mortgage Corporation

Federal Home Loan Mortgage Corporation (freddie Mac)

Mark David Hanson

Marian J Gora

Philip Martin Dunn

Menner Abdullatief Tatang

Xiaolan Pang

Kalpana Rumburg

Cathy A Gay

Gary D Kain

Gregory J Parseghian

Robert J Burns

Cindy K Smith

Stanley J Kon

Mustafa Chowdhury

William F Quinn

Patricia M Dodson

Robert W Aufdenspring

Systems, methods, and computer program products are provided for directing cash flows associated with a mortgage-backed security to back other securities without collapsing the original mortgage-backed security. A mortgage-backed security /an/or a set of loans is analyzed to identify cash flows from mortgages having specific desirable characteristics, and the cash flows are directed to subgroups or pools that support new mortgage-backed securities. The new securities make the desirable cash flows available to an issuer or prospective investor without collapsing the original mortgage-backed security.

Systems, methods, and computer products for directing cash flows associated with mortgage-backed securities

Systems, methods, and computer program products are provided for directing cash flows associated with a mortgage-backed security to back other securities without collapsing the original mortgage-backed security. A mortgage-backed security/an/or a set of loans is analyzed to identify cash flows from mortgages having specific desirable characteristics, and the cash flows are directed to subgroups or pools that support new mortgage-backed securities. The new securities make the desirable cash flows available to an issuer or prospective investor without collapsing the original mortgage-backed security.

Systems, methods. and computer products for directing cash flows associated with mortgage-backed securities

A current mortgage price indicator futures contract ('Mortgage Futures Contract') that can be traded on a futures exchange is described. The contracts add value over existing hedging and speculating alternatives by meeting the needs of a wide range of mortgage and mortgage-backed securities (MBS) market participants such as portfolio managers, dealers, hedgers, originators, speculators and arbitrageurs. The Mortgage Futures Contract is based upon conventional MBS and has a relatively current coupon composition, thereby resulting in risk properties that appeal to market participants more so than prior contracts based on non-conventional MBS that were not correlated to current MBS production. The Mortgage Futures Contract has a cash settlement feature designed to eliminate complicated and largely uneconomic physical delivery of the underlying security. A options contract corresponding to the Mortgage Futures Contract and that can be traded on a futures exchange is also described.

Method for structuring, pricing and settling a current mortgage price indicator contract

A current mortgage price indicator futures contract ('Mortgage Futures Contract') that can be traded on a futures exchange. The contracts add value over existing hedging and speculating alternatives by meeting the needs of a wide range of mortgage and mortgage-backed securities (MBS) market participants such as portfolio managers, dealers, hedgers, originators, speculators and arbitrageurs. The Mortgage Futures Contract is based upon conventional MBS and has a relatively current coupon composition, thereby resulting in risk properties that appeal to market participants more so than prior contracts based on non-conventional MBS that were not correlated to current MBS production. The Mortgage Futures Contract has a cash settlement feature designed to eliminate complicated and largely uneconomic physical delivery of the underlying security. An options contract corresponding to the Mortgage Futures Contract and that can be traded on a futures exchange.

Method for structuring, pricing and setting a current mortgage price indicator contract

Growing community of inventors

Potomac, MD, United States of America

Mark David Hanson