Method for providing an affordable housing collateralization pool
US7778904B1 · kind B1 · utility
Inventor
Key dates
| Filing date | Nov 29, 2005 |
| Grant date | Aug 17, 2010 |
| Priority date | — |
| Expiry date | Dec 21, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q50/26
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention is a method for providing a low cost source of mortgage funding to sub-prime borrowers which reduces the desire of quality sub-prime borrowers to leave the mortgage pool. A lender may receive an amount of money from a financial institution in the form of a borrowing instrument. A lender may deliver an amount of money in the form of a collateralization loan to a housing agency. Housing agency may invest loan in one or more financial products, such as lender underwritten insurance policies. Housing agency may deliver individual mortgage loan recommendations to lender. Lender may borrow funds used in the collateralization loan by selling the interest bearing borrowing instrument to a financial institution. Lender may also sell individual mortgage loans to one or more government sponsored entities. From these financial products, borrowing instruments, and individual mortgages, mortgage funding may be provided to sub-prime borrowers.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.