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:
Sep. 08, 2009
Filed:
Aug. 11, 2004
Applicants:
Gary D. Kain, Oak Hill, VA (US);
Christopher J. Kuehl, Arlington, VA (US);
Inventors:
Gary D. Kain, Oak Hill, VA (US);
Christopher J. Kuehl, Arlington, VA (US);
Assignee:
Freddie Mac, McLean, VA (US);
Primary Examiner:
Assistant Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2006.01);
U.S. Cl.
CPC ...
Abstract
A system and method for allocating principal payments by creating Capped NAS/AS securities classes, Both scheduled and unscheduled principal prepayments are redirected, subject to a maximum percentage, or cap, as determined by formula. The formula is a novel payment priority rule that redistributes risks related to the borrower's prepayment option through prioritization of the cash flows among the NAS/AS Classes, allowing for the efficient creation of classes with more and less WAL stability to meet specific investor's needs.