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Intercontinental Exchange acquires remaining MERSCORP equity

Intercontinental Exchange Inc. has acquired the remaining equity of MERSCORP Holdings Inc.

The exchange has owned a majority equity interest in MERS since 2016.

The financial terms of the deal were not disclosed.

MERSCORP owns and operates the MERS System, a national electronic registry that tracks changes in servicing rights and beneficial ownership interests in U.S.-based mortgage loans.