Charles C Freeman

US Patent:

7020631, Mar 28, 2006

Filed:

May 21, 2001

Appl. No.:

09/862055

Inventors:

Charles J. Freeman - Tampa FL, US

Assignee:

The Chase Manhattan Bank - New York NY

International Classification:

G06F 17/60

US Classification:

705 36R, 705 35, 705 38, 705 40

Abstract:

A method for mortgage and closed end loan portfolio management in the form of an analytic tool designed to improve analysis of past and future performance of loan portfolios. In accordance with one aspect thereof, the invention aggregates loan units into loan vintages, wherein the loans in each vintage originate within a predetermined time interval of one another. The invention compares different vintages to one another in a manner such that the ages of the loans in the different vintages are comparable to one another. An early warning component of the system predicts delinquency rates expected for a portfolio of loans during a forward looking time window.

US Patent:

20040030629, Feb 12, 2004

Filed:

Jun 17, 2003

Appl. No.:

10/462773

Inventors:

Charles Freeman - Tampa FL, US

International Classification:

G06F017/60

US Classification:

705/036000, 705/038000

Abstract:

A system and method for determining performance characteristics of loan portfolios. The system and method employs a delinquency rate analysis to perform a valuation of a portfolio using a new statistic obtained by integrating the age effects with the delinquency rates. A fictitious vintage of loans known as a proxy vintage is created from historical industry data and the calculated average delinquency rate is assigned at all the ages. A portfolio's credit performance is then evaluated by combining the distribution of the variance of age with the historical vintage information. An equivalent base delinquency rate of a vintage is generated as a derived delinquency rate the portfolio would have had at a base age. Finally, an age adjusted delinquency rate is determined which is a weighted average of the equivalent base rates of all the vintages in a portfolio.

US Patent:

62497758, Jun 19, 2001

Filed:

Jul 11, 1997

Appl. No.:

8/893389

Inventors:

Charles J. Freeman - Tampa FL

Assignee:

The Chase Manhattan Bank - New York NY

International Classification:

G06F 1730

US Classification:

705 36

Abstract:

A method for mortgage and closed end loan portfolio management in the form of an analytic tool designed to improve analysis of past and future performance of loan portfolios. In accordance with one aspect thereof, the invention aggregates loan units into loan vintages, wherein the loans in each vintage originate within a predetermined time interval of one another. The invention compares different vintages to one another in a manner such that the ages of the loans in the different vintages are comparable to one another. An early warning component of the system predicts delinquency rates expected for a portfolio of loans during a forward looking time window. A matrix link component of the invention combines the loan vintage analysis with the early warning component of the invention and predicts the default rate of the loan portfolios at a selected future point in time. The results of the analysis are graphically depicted and/or automatically fedback to provide "yes" or "no" decisions regarding investments in various loan portfolios.