Method of purchasing a loan for resale to a buyer
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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-
N/A
Issued Date -
Jun 13, 2002
app pub date -
Dec 11, 2000
filing date -
Dec 11, 2000
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A method of facilitating mortgage loan resale is disclosed. The method includes purchasing an interest in a loan from a loan originator, creating specialized loan information, providing the specialized information to a predetermined buyer, and selling the interest to the predetermined buyer. The method also discloses a risk allocation scheme whereby loan risk is allocated among the loan originator and the predetermined buyer.
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