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:
May. 29, 2012
Filed:
Jan. 10, 2011
Debashis Ghosh, Charlotte, NC (US);
Sudeshna Banerjee, Waxhaw, NC (US);
William Michael Upchurch, Carlotte, NC (US);
Robert H. Eshleman, Charlotte, NC (US);
Christopher James Trainor, Charlotte, NC (US);
Frank B. Turner, Charlotte, NC (US);
Debashis Ghosh, Charlotte, NC (US);
Sudeshna Banerjee, Waxhaw, NC (US);
William Michael Upchurch, Carlotte, NC (US);
Robert H. Eshleman, Charlotte, NC (US);
Christopher James Trainor, Charlotte, NC (US);
Frank B. Turner, Charlotte, NC (US);
Bank of America Corporation, Charlotte, NC (US);
Abstract
Systems and methods are illustrated for providing an equity protection product to a borrower of a loan. Aspects of the equity protection product may be implemented using an equity protection agreement. The equity protection product may be used to safeguard a borrower's investment in the event of a housing market downturn. In some examples, once the equity protection is purchased, the borrower's equity can only increase or remain stable (i.e., flat) regardless of market conditions. The payoff amount of the borrower's loan may be reduced to compensate for a change in the market value of the borrower's home. The equity protection product may be provided by a lending institution, bank, or any other comparable entity/person. A trading desk may also be used to hedge against the risk created by the equity protection product. In addition, an appraiser may also be used to evaluate and provide current market values of the relevant property.