Microsoft Corp. Thursday tapped into the real estate sector by creating a new firm to quicken the pace and at which homes are bought and sold.

Financial details were not revealed, but Microsoft (MSFT) said it would hold a majority stake in the new venture, with Chase.com, Chase Capital Partners, GMAC-RFC, Norwest Mortgage and Bank of America as equity partners. Also mortgage investor Freddie Mac, which has provided significant technology contributions, has a financial interest in the new company.

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