The first round of equity financing for the HomeAdvisor joint venture includes a total of US$100 million from Chase Corp. and GMAC-Residential Funding Corp. (GMAC-RFC), two of the nation's largest mortgage companies. HomeAdvisor Technologies, a joint venture formed in March, aims to automate and streamline home sales by combining technology for processing real estate transactions, desktop tools for realtors, and the MSN HomeAdvisor realty portal for consumers. When the venture was first announced, real estate industry partners hadn’t yet committed to specific financial contributions. According to Microsoft, more investors are expected to finalize commitments soon. HomeAdvisor is still majority-owned by Microsoft and is located at the company's campus in Redmond, WA. For more information about the HomeAdvisor joint venture, see "HomeAdvisor Spin-Off Aims to Service Realty Industry" on page 24 of the May 2000 Update.