NYSE parent company ICE acquires Mortgage Electronic Registrations Systems aka MERS

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NYSE parent company ICE acquires Mortgage Electronic Registrations Systems aka MERS

NYSE parent company ICE acquires Mortgage Electronic Registrations Systems aka MERS

HW-

Intercontinental Exchange, the parent company of the New York Stock Exchange, is now also the parent company of MERSCORP Holdings, as the companies announced Friday that ICE has acquired all of MERS.

The deal comes just over two years after ICE acquired a majority stake in MERSCORP, the owner of Mortgage Electronic Registrations Systems and operator of the MERS System, a national electronic registry that tracks the changes in servicing rights and beneficial ownership interests in U.S.-based mortgages.

Now, ICE owns all of MERS after acquiring the remaining stake in the company for an undisclosed sum.

[HW]

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One Response to “NYSE parent company ICE acquires Mortgage Electronic Registrations Systems aka MERS”

  1. susan Batista says:

    Who approves something like this or did it go around Congress like Mers? I cant believe not any comments.

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