Fannie Mae

Mike Smale

Juoaquina Washington

Roger Blum

Kelly Kraus

A pricing administration and calculation tool comprises user interface logic, pricing administration logic and pricing calculation logic that cooperates with the user interface logic to generate display screens configured to receive user inputs specifying credit guarantee pricing and user inputs specifying terms and conditions for mortgage backed security (MBS) loan commitments. The inputs are specific to individual external user (seller). The credit guarantee price is a fee for guaranteeing to an investor the timely payment of principal and interest from the mortgages underlying a mortgage backed security. The credit guarantee pricing may be specified via the display screens on a seller-by-seller basis, a mortgage product-by-product basis, an issue month-by-issue month, and a coupon-by-coupon basis. A committing tool comprises committing logic that cooperates with the user interface logic to generate display screens configured to receive user inputs from external user (seller) to enter into MBS loan commitments.

Growing community of inventors

Washington, DC, United States of America

Mike Smale