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MARKET-INDEXED MORTGAGE SYSTEM AND METHOD

  • US 20090150282A1
  • Filed: 02/17/2009
  • Published: 06/11/2009
  • Est. Priority Date: 03/07/2003
  • Status: Active Grant
First Claim
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1. A computer-based method of indexing mortgages to a market index, with method steps carried out by one or more processors accessing one or more electronic information sources, the method comprising:

  • storing a cash value representing a pool of cash associated with a fund that gives loans for the financing or refinancing of a class of real property;

    defining at least one index representative of market values of real property in the class; and

    for each of a plurality of borrowers;

    allocating cash from the pool of cash to a borrower for financing or refinancing an identified real property in the class, and adjusting the cash value of the fund to indicate the transfer;

    calculating time-based payments to be made by the borrower to the fund based on the cash allocated to the borrower; and

    adjusting one or more of the payments using the index, and storing values representing the adjusted one or more payments,wherein adjustments in the time-based payments reflect changes in market values associated with the class.

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