20020073020, Jun 13, 2002
Stuart McFarland - Washington DC,
Martin Heck - Reston VA,
A method of facilitating mortgage loan resale is disclosed. The method includes purchasing an interest in a loan from a loan originator, creating specialized loan information, providing the specialized information to a predetermined buyer, and selling the interest to the predetermined buyer. The method also discloses a risk allocation scheme whereby loan risk is allocated among the loan originator and the predetermined buyer.