Robert W Aufdenspring

Address:

106 Woodmark Ct, Chapel Hill, NC 27514

Phone:

9194080029

VIN:

3GNFK16357G116402

Make:

CHEVROLET

Model:

SUBURBAN

Year:

2007

US Patent:

7742965, Jun 22, 2010

Filed:

Dec 12, 2007

Appl. No.:

11/954991

Inventors:

Robert J. Burns - Sterling VA, US
Mustafa Chowdhury - Vienna VA, US
Patricia M. Dodson - Herndon VA, US
Cathy A. Gay - Vienna VA, US
Marian J. Gora - Leesburg VA, US
Mark D. Hanson - Potomac MD, US
Gary D. Kain - Herndon VA, US
Gregory J. Parseghian - McLean VA, US
Cindy K. Smith - Vienna VA, US
Robert W. Aufdenspring - Orlando FL, US
Stanley J. Kon - Chapel Hill NC, US
William F. Quinn - Washington DC, US

Assignee:

Federal Home Loan Mortgage Corporation - McLean VA

International Classification:

G06Q 40/00

US Classification:

705 36R

Abstract:

A current mortgage price indicator futures contract (“Mortgage Futures Contract”) that can be traded on a futures exchange is described. The contracts add value over existing hedging and speculating alternatives by meeting the needs of a wide range of mortgage and mortgage-backed securities (MBS) market participants such as portfolio managers, dealers, hedgers, originators, speculators and arbitrageurs. The Mortgage Futures Contract is based upon conventional MBS and has a relatively current coupon composition, thereby resulting in risk properties that appeal to market participants more so than prior contracts based on non-conventional MBS that were not correlated to current MBS production. The Mortgage Futures Contract has a cash settlement feature designed to eliminate complicated and largely uneconomic physical delivery of the underlying security. A options contract corresponding to the Mortgage Futures Contract and that can be traded on a futures exchange is also described.

US Patent:

7337136, Feb 26, 2008

Filed:

Aug 17, 2001

Appl. No.:

09/931404

Inventors:

Robert J. Burns - Sterling VA, US
Mustafa Chowdhury - Vienna VA, US
Patricia M. Dodson - Herndon VA, US
Cathy A. Gay - Vienna VA, US
Marian J. Gora - Leesburg VA, US
Mark D. Hanson - Potomac MD, US
Gary D. Kain - Herndon VA, US
Gregory J. Parseghian - McLean VA, US
Cindy K. Smith - Vienna VA, US
Robert W. Aufdenspring - Orlando FL, US
Stanley J. Kon - Chapel Hill NC, US
William F. Quinn - Shawnee Mission KS, US

Assignee:

Federal Home Loan Mortgage Corporation - McLean VA

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 38

Abstract:

A current mortgage price indicator futures contract (“Mortgage Futures Contract”) that can be traded on a futures exchange. The contracts add value over existing hedging and speculating alternatives by meeting the needs of a wide range of mortgage and mortgage-backed securities (MBS) market participants such as portfolio managers, dealers, hedgers, originators, speculators and arbitrageurs. The Mortgage Futures Contract is based upon conventional MBS and has a relatively current coupon composition, thereby resulting in risk properties that appeal to market participants more so than prior contracts based on non-conventional MBS that were not correlated to current MBS production. The Mortgage Futures Contract has a cash settlement feature designed to eliminate complicated and largely uneconomic physical delivery of the underlying security. An options contract corresponding to the Mortgage Futures Contract and that can be traded on a futures exchange.