EDS to Build and Run an Electronic Mortgage Registry ...

Also, lenders have contributed $1.4 million to the recapitalization through "pre-purchase" of registration rights for loans they expect to record on the electronic registry by the end of 1999. The agreement by the GSEs and the MBA to guarantee up to $8 million in loans assures MERS that it will have the capital needed to complete its start up phase without requiring the board of directors to ... ................
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