Method for structuring a mortgage servicing right asset efficiently to include a hedging component
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United States of America Patent
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Oct 6, 2015
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N/A
app pub date -
Jun 24, 2008
filing date -
Jun 8, 2000
priority date (Note) -
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Abstract
Method for providing mortgage collateralized servicing (MCS) contracts to mortgage servicers as a tool to manage hedging risk. The MCS contracts of the present invention pays mortgage servicers for their services, while providing a “self-hedging” component that reduces (or eliminates) the need for the servicer to engage in additional investing and trading in derivatives in order to hedge against servicing contract risks. Such risks typically include default, delinquency, pre-payment, and interest rate fluctuations associated with mortgage loans. Additionally, the method preserves the tax and accounting treatment for mortgage servicing rights contracts preferred by servicers.
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