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. 19, 2013
Filed:
Jul. 01, 2011
John P. Mcmurray, Woodland Hills, CA (US);
Jacqueline Marie Doty, Olney, MD (US);
Richard Peter Nespola, Jr., Washington, DC (US);
Morgan C. Snyder, Clifton, VA (US);
Lynne Sroka Mayo, Annandale, VA (US);
Daniel Wayne Kelly, Reston, VA (US);
Paul Alan Thomas, Ashburn, VA (US);
John P. McMurray, Woodland Hills, CA (US);
Jacqueline Marie Doty, Olney, MD (US);
Richard Peter Nespola, Jr., Washington, DC (US);
Morgan C. Snyder, Clifton, VA (US);
Lynne Sroka Mayo, Annandale, VA (US);
Daniel Wayne Kelly, Reston, VA (US);
Paul Alan Thomas, Ashburn, VA (US);
Federal Home Loan Mortgage Corporation, McLean, VA (US);
Abstract
A system and method of structuring a supplemental interest mortgage is disclosed. A principal debt obligation and a supplemental debt obligation based on the principal debt loan are secured by a single security instrument. The principal debt obligation includes the principal loan and principal interest to compensate a lender for use of the lender's funds. The supplemental debt obligation includes supplemental interest to compensate a lender for the risk of borrower nonpayment.