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Company That Links Buyers, Sellers of Mortgage Pools Aims to Raise $15M

DEC 27, 1999 2:00am ET

Ultraprise Corp., an upstart company that enables bankers and securities traders to buy and sell pools of funded loans on the Internet, plans to raise $15 million in capital in a private placement deal managed by Friedman, Billings, Ramsey & Co., sources familiar with the deal said.

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