US Patent No: 7,885,892

Number of patents in Portfolio can not be more than 2000

Method and system for assessing repurchase risk

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Abstract

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A method and system for evaluating loan repurchase risk are disclosed. The method includes receiving information related to the loan and determining a loan repurchase risk based on the information. The information may be used to determine a joint probability of an underwriting discrepancy sufficient to trigger a repurchase request and an adverse event in connection with the loan, such as default or delinquency. A repurchase report may provide feedback regarding factors contributing to a repurchase risk. In one embodiment, depending on the repurchase risk, the purchaser may waive repurchase rights in connection with the loan, thereby reducing the requirements of the seller to reserve capital for the loan.

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First Claim

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Patent Owner(s)

Patent OwnerAddressTotal Patents
FANNIE MAEWASHINGTON, DC90

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Ajose, Stella Y - 2 2
Buist, Henry - 2 2
Koscinski, Patricia R - 2 2
Rosenblatt, Eric L - 7 18

Cited Art Landscape

Patent Info (Count) # Cites Year
 
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6,094,643 System for detecting counterfeit financial card fraud 89 1999
7,251,624 Score based decisioning 47 2000
2003/0158,751 Fraud and abuse detection and entity profiling in hierarchical coded payment systems 20 2002
 
FANNIE MAE (4)
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2004/0225,596 System and method for facilitating delivery of a loan to a secondary mortgage market purchaser 71 2003
7,783,565 Method and system for assessing repurchase risk 2 2007
 
VISA INTERNATIONAL SERVICE ASSOCIATION (3)
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GE CORPORATE FINANCIAL SERVICES, INC. (2)
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GOOGLE INC. (2)
6,728,693 Method and apparatus for warning a user of potential limitations of a database request and/or the results provided thereby 7 1997
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RYAN, RAYMOND D. (2)
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ACCRUIT, LLC (1)
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AMERICAN INTERNATIONAL GROUP, INC. (1)
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BANK OF NEW YORK, THE (1)
2008/0120,213 SYSTEM AND METHOD FACILITATING WHOLE LOAN TRI-PARTY REPURCHASE AGREEMENT TRANSACTIONS 7 2006
 
BARCLAYS CAPITAL INC. (1)
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CEDEL BANK (1)
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EQUILEND HOLDINGS LLC (1)
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GOLDMAN, SACHS & CO. (1)
2004/0030,638 Method and apparatus for conducting loan repurchase transactions 18 2002
 
HELIX FINANCIAL SYSTEMS, L.P. (1)
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HNC CORPORATION (1)
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MAP EQUITY FINANCE, LLC (1)
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2001/0029,482 Online mortgage approval and settlement system and method therefor 121 2001
 
Operadora de Tandas, Ltd. (1)
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RISK LIGHTHOUSE LLC (1)
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SAP AG (1)
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TruRisk, LLC (1)
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UBS AG, STAMFORD BRANCH (1)
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UNISYS CORPORATION (1)
7,054,827 Method and apparatus for validating a survey database 6 1997
 
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ZOOT ENTERPRISES, INC. (1)
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Other [Check patent profile for assignment information] (12)
5,689,650 Community reinvestment act network 317 1995
7,536,332 Real life implementation of modern portfolio theory (MPT) for financial planning and portfolio management 11 2001
2002/0059,137 Online mortgate application processing and tracking system 91 2001
2003/0033,241 Methods and systems for automated loan origination, processing and approval 64 2001
2004/0128,226 Method, apparatus and program for user to determine the ownership cost of a motor vehicle 3 2003
2005/0044,026 System and method for identification of quasi-fungible goods and services, and financial instruments based thereon 26 2004
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7,707,103 System and method for rating lenders 4 2005
2008/0262,956 System and Method for High-Yield Investment Returns in Riskless-Principal Interest Rate/Yield Arbitrage 4 2005
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2009/0240,630 COMPUTER SYSTEM AND METHOD FOR FACILITATING A MORTGAGE ASSET EXCHANGE 5 2009

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