Location History:
- Shawnee Mission, KS (US) (2008)
- Washington, DC (US) (2010 - 2011)
Company Filing History:
Years Active: 2008-2011
Title: William F. Quinn: Innovator in Mortgage Futures Contracts
Introduction
William F. Quinn is a notable inventor based in Washington, DC, who has made significant contributions to the field of mortgage finance. He holds a total of 3 patents, showcasing his innovative approach to structuring and pricing mortgage-related financial instruments.
Latest Patents
Quinn's latest patent 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
Quinn is currently associated with the Federal Home Loan Mortgage Corporation, where he applies his expertise in mortgage finance and innovation. His work has significantly impacted the way mortgage futures are structured and traded, providing valuable tools for market participants.
Collaborations
Quinn has collaborated with notable colleagues, including Robert J. Burns and Mustafa Chowdhury, contributing to advancements in the mortgage finance sector.
Conclusion
William F. Quinn's innovative work in mortgage futures contracts has established him as a key figure in the field of mortgage finance. His patents reflect a deep understanding of market needs and a commitment to enhancing financial instruments for a diverse range of participants.