Company Filing History:
Years Active: 2008-2011
Title: The Innovative Contributions of Robert J. Burns
Introduction
Robert J. Burns is a notable inventor based in Sterling, VA (US), recognized for his significant contributions to the field of mortgage finance. With a total of 3 patents to his name, Burns has developed innovative solutions that address the complexities of mortgage pricing and trading.
Latest Patents
One of Burns' 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 diverse 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 often uneconomic physical delivery of the underlying security. An options contract corresponding to the Mortgage Futures Contract is also described in his patent.
Career Highlights
Burns is currently employed at the Federal Home Loan Mortgage Corporation, where he continues to innovate in the mortgage finance sector. His work has had a profound impact on how mortgage contracts are structured and traded, enhancing the efficiency and effectiveness of the market.
Collaborations
Throughout his career, Burns has collaborated with notable colleagues, including Mustafa Chowdhury and Patricia M. Dodson, contributing to a dynamic work environment that fosters innovation.
Conclusion
Robert J. Burns exemplifies the spirit of innovation in the mortgage finance industry through his patents and contributions. His work continues to influence the market and improve the tools available to financial professionals.