The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Mar. 01, 2022
Filed:
Oct. 16, 2014
Fannie Mae, Washington, DC (US);
Roger Blum, Washington, DC (US);
Mike Smale, Washington, DC (US);
Juoaquina Washington, Washington, DC (US);
Kelly Kraus, Washington, DC (US);
Fannie Mae, Washington, DC (US);
Abstract
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.