Lending based on an asset and securitization of loan interests
First Claim
1. A method comprising crediting a value to a holder of an appreciating asset, and in exchange for the crediting, receiving a commitment by the holder (a) of repayment of an amount, which declines over time whether or not the holder has paid any portion of the amount, and (b) that a share of appreciation of the asset will be paid upon the transfer of the asset by the holder.
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Accused Products
Abstract
In one aspect, a value is credited to a holder of an appreciating asset, and, in exchange for the crediting, a commitment is received by the holder (a) of repayment of an amount, which declines over time whether or not the holder has paid any portion of the amount, and (b) that a share of appreciation of the asset will be paid upon the transfer of the asset by the holder.
79 Citations
66 Claims
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1. A method comprising
crediting a value to a holder of an appreciating asset, and in exchange for the crediting, receiving a commitment by the holder (a) of repayment of an amount, which declines over time whether or not the holder has paid any portion of the amount, and (b) that a share of appreciation of the asset will be paid upon the transfer of the asset by the holder.
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2. A method comprising
crediting a value to a holder of an appreciating asset, and in exchange for the crediting, receiving a commitment by the holder that a share of appreciation of the asset will be paid upon the transfer of the asset by the holder, without receiving a commitment by the holder to pay any other interest amount not based on appreciation.
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3. A method comprising
receiving from a holder of an asset an indication of a share of appreciation of the asset that would be paid in exchange for a loan, and calculating proposed terms of the loan based on the indicated share of appreciation.
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4. A method comprising
setting a value to be credited to a holder of an appreciating asset, setting a share of appreciation of the asset that would be paid in exchange for the value, and determining a time period in which a repayment amount will decline to a predetermined value, based on the credited value and the share of appreciation.
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17. A method comprising
receiving information describing an asset associated with the appreciation loan, and comparing the information to information defining properties qualifying to underlie the appreciation loan.
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19. A method comprising
determining if an asset which is to be associated with an appreciation loan is subject to a legal impediment that would restrict transfer of the asset, and if so, adjusting terms of the appreciation loan.
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21. A method comprising
receiving from a holder of an asset, proposed values of variables associated with a proposed appreciation loan supported by the asset, the variables including at least one of the amount of the loan, the share of appreciation to be paid back by the holder, and the number of months during which a principal balance will decline to a predetermined amount, and providing to the holder proposed values for the variables that have not been received from the holder.
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22. A method comprising generating a schedule of a balance of a principal amount and an appreciation interest for any time period after issuance of a loan associated with an appreciating asset.
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23. A method comprising
receiving a proposed nominal value of an appreciation loan associated with an appreciating asset, and determining whether the nominal value meets guidelines of a lender of the loan.
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24. A method comprising
recording values of the terms of asset appreciation loans and information about aborted loans or rejected borrowers.
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25. A method comprising
calculating amounts due to a lender upon transfer of an appreciating asset or repayment of an appreciation loan associated with the asset based on a loan schedule.
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26. A method comprising
determining a lender'"'"'s economic interest in an asset associated with an appreciation loan at a given time, and reimbursing a holder of the asset for maintenance, improvement, or selling expenses up to a specified contribution percentage determined as a function of the lender'"'"'s economic interest.
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27. A method comprising
aggregating asset appreciation interests, the assets being organized based on geographic characteristics of the assets.
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39. A method comprising
organizing asset appreciation interests to include a fixed repayment balance and an asset appreciation participation interests.
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42. A method comprising
forming a pooled financial instrument that includes asset appreciation interests, and basing the constituents of the pooled financial instrument on predefined financial characteristics.
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47. A method comprising
evaluating a portfolio of geographically-pegged appreciation assets of a third-party vendor/financial intermediary, and offering a financial product through the intermediary a based on the evaluated portfolio.
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49. A method comprising
rebalancing a portfolio of asset appreciation interests to achieve at least one of improved diversification, more accurate price contingent liability correlation, and geographic adjustment.
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50. A method comprising
maintaining a database, the database comprising relational pairs, each of the pairs linking an amount of funds associated with asset appreciation interests with a geographic area associated with appreciation assets.
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51. A method comprising
evaluating a party as a possible third-party vendor/financial intermediary to serve as counterparty in an exchange transaction involving appreciation loan assets.
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53. A method comprising
evaluating whether a lender of funds on asset appreciation loans can utilize funds proposed to be provided by a third-party vendor/financial intermediary, and if so, accepting the funds from the intermediary.
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60. A method comprising
matching available appreciation assets with geographic regions specified by a third-party vendor/financial intermediary, with respect to a narrower geographic region and then with respect to a broader within which an asset is associated.
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61. A method comprising
maximizing a diversification of available matched appreciation assets based on geographic diversity.
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63. A method comprising
selecting appreciation assets for inclusion in a financial security, the selecting being based on an appreciation asset loan lender'"'"'s lending limit, and from the selected group, identifying appreciation loan assets to be included in the new financial security.
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66. A method comprising
scanning a third-party vendor'"'"'s/financial intermediary'"'"'s existing or expected portfolio of appreciation assets according to lender-specified characteristics, and triggering a bundling or securitization process when the characteristics are satisfied.
Specification