Portal tool and method for securitizing excess servicing fees

US7885891B1 · kind B1 · utility

Assignee

• Fannie Mae · US

Inventors

• Juoaquina Washington · Washington, US
• Leslie G. Beatey · Forest, US
• Robert L. Brown · Easton, US
• Azfar S. Abbasi · Vienna, US
• Arthur A. Johnson · Washington, US
• Kevin J. Tock · Silver Spring, US
• Robert A. Wright · Indianapolis, US
• Theodore N. Dacy · Silver Spring, US
• Matthew Q. Jackson · Gaithersburg, US

Key dates

• Filing date: Feb 5, 2008
• Grant date: Feb 8, 2011
• Expiry date: Nov 27, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A communication portal configured to provide information regarding mortgage backed securities that have incoming cash flows backed by the excess servicing fees of the plurality of adjustable rate mortgages is described. The communication portal may be configured to display a user prompt to receive information regarding the excess servicing fees and reports regarding the mortgage backed securities that have incoming cash flows backed by the excess servicing fees of the plurality of adjustable rate mortgages. The communication portal can be accessible online.