Company Filing History:
Years Active: 2006-2011
Title: Innovations of Steven W. Abrahams
Introduction
Steven W. Abrahams is an accomplished inventor based in McLean, VA (US). He holds a total of 3 patents that showcase his innovative contributions to the field of finance and securities. His work primarily focuses on creating new financial instruments that enhance the way payments are structured and managed.
Latest Patents
One of his latest patents involves the development of Guarantee Certificates. These certificates represent a new type of security that offers payments to holders contingent upon the occurrence of specified risk-related events. Such events typically trigger insurance or guaranty payments. Guarantee Certificates provide a mechanism for separating certain payment rights associated with a pool of assets from the remaining payment rights, allowing these rights to form separate, transferable financial instruments. These instruments demonstrate an obligation of a mortgage insurer or a securities guarantor to make payments triggered by specific default-related events involving corresponding mortgage loans. A data processing system is utilized to create and maintain information related to the Guarantee Certificates, and these certificates may be tradable by the holder.
Career Highlights
Steven W. Abrahams is currently associated with the Federal Home Loan Mortgage Corporation, where he applies his expertise in financial innovations. His work has significantly impacted the way financial instruments are structured, providing new opportunities for investors and financial institutions.
Collaborations
He collaborates with various professionals in the industry, including his coworker Henry James Cassidy, to further enhance the development of innovative financial solutions.
Conclusion
Steven W. Abrahams continues to make significant strides in the field of financial innovation through his patents and contributions to the Federal Home Loan Mortgage Corporation. His work on Guarantee Certificates exemplifies his commitment to advancing financial instruments and improving payment mechanisms.