Method and financial product for estimating geographic mortgage risk
First Claim
1. A method for rating individual geographic areas relative to one another, said ratings reflecting economic risk in said geographic areas, the method comprising:
- compiling data for a plurality of market-related variables that reflect multiple economic sectors of each of said geographic areas;
ranking said geographic areas relative to one another for each said variables;
generating a rating of one of said geographic areas on a scale of 1 to N, wherein said rating is a weighted average of said rankings of said variables for said one of said geographic areas, and wherein N is an integer greater than 1; and
generating a report for at least said one geographic area that indicates said rating for said geographic area, wherein said rating is usable as an indicator of market conditions for at least said one geographic area.
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Accused Products
Abstract
A quarterly index projects geographic market risk for 200 MSAs over the next four to eight quarters. The index ratings use a grading scale that ranges from 1 to 10. A score of 1 indicates that an MSA is very unlikely to experience further decline in the model variables, which include home prices, local economy, population stability, and mortgage delinquency trends. A grade of 10 indicates the greatest chance for future decline. For example, a score of a 10 would indicate that it would be a good time to pull out of a market; whereas, a score of a 1 indicates a market that is a good investment.
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Citations
26 Claims
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1. A method for rating individual geographic areas relative to one another, said ratings reflecting economic risk in said geographic areas, the method comprising:
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compiling data for a plurality of market-related variables that reflect multiple economic sectors of each of said geographic areas;
ranking said geographic areas relative to one another for each said variables;
generating a rating of one of said geographic areas on a scale of 1 to N, wherein said rating is a weighted average of said rankings of said variables for said one of said geographic areas, and wherein N is an integer greater than 1; and
generating a report for at least said one geographic area that indicates said rating for said geographic area, wherein said rating is usable as an indicator of market conditions for at least said one geographic area. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A financial product for rating individual geographic areas relative to one another, said ratings reflecting economic risk in said geographic areas, the financial product being generated by the steps of:
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compiling data for a plurality of market-related variables that reflect multiple economic sectors of each of said geographic areas;
ranking said geographic areas relative to one another for each said variables;
generating a rating of one of said geographic areas on a scale of 1 to N, wherein said rating is a weighted average of said rankings of said variables for said one of said geographic areas, and wherein N is an integer greater than 1; and
generating a report for at least said one geographic area that indicates said rating for said geographic area, wherein said rating is usable as an indicator of market conditions for at least said one geographic area. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
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Specification