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Market-indexed mortgage system and method

  • US 8,082,202 B2
  • Filed: 02/17/2009
  • Issued: 12/20/2011
  • Est. Priority Date: 03/07/2003
  • Status: Expired due to Fees
First Claim
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1. A computer-based method of indexing mortgages to at least one market index, carried out by one or more processors accessing one or more electronic information sources, the method comprising:

  • aggregating cash amounts received from a plurality of investors into a pool of cash;

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

    for each of a plurality of borrowers, wherein the plurality of borrowers includes owners of real property in the class being financed or refinanced with market-indexed mortgage loans;

    allocating cash from the pool of cash to a borrower for financing or refinancing an identified real property in the class as a market-indexed mortgage loan;

    calculating time-based payments to be made by the borrower as a loan repayment obligation, based on the cash allocated to the borrower; and

    electronically adjusting one or more of the payments using the at least one 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 of real property; and

    pooling market-indexed mortgage loans of the plurality of borrowers in a fund that issues one or more class of shares or units to investors, including shares or units whose values fluctuate in response to the at least one index.

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