Company Filing History:
Years Active: 2008-2011
Title: The Innovations of Stanley J. Kon
Introduction
Stanley J. Kon is a notable inventor based in Chapel Hill, NC (US). He has made significant contributions to the field of mortgage finance through his innovative patents. With a total of 3 patents, Kon has developed methods that enhance the efficiency and effectiveness of mortgage-related financial instruments.
Latest Patents
One of Kon's 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 wide 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 largely uneconomic physical delivery of the underlying security. An options contract corresponding to the Mortgage Futures Contract is also described in his patent.
Career Highlights
Stanley J. Kon works at the Federal Home Loan Mortgage Corporation, where he applies his expertise in mortgage finance. His work has been instrumental in developing innovative financial products that cater to the evolving needs of the market.
Collaborations
Some of his notable coworkers include Robert J. Burns and Mustafa Chowdhury, who have collaborated with Kon on various projects within the organization.
Conclusion
Stanley J. Kon's contributions to the field of mortgage finance through his innovative patents demonstrate his commitment to enhancing financial instruments in the industry. His work continues to influence the mortgage market and provides valuable solutions for various stakeholders.