Show Comments ▼ All 50 US states yesterday launched a joint investigation of the mortgage industry, a move some experts fear will cause uncertainty and threaten the recovery of the fragile housing market.The state attorneys general are looking at allegations some banks used shoddy or fraudulent paperwork to remove struggling borrowers from their homes during a foreclosure crisis that is one of the most visible wounds of the 2007-2009 recession.Industry experts warn the investigation could put the brakes on foreclosure proceedings. One of every four homes sold in the second quarter was a foreclosed property and any slowing could have an impact on the broader economy, as the housing market traditionally drives recoveries after a downturn. The US has an $11 trillion (£6.9 trillion) residential mortgage market. whatsapp Tags: NULL Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp Wednesday 13 October 2010 8:02 pm US announces state probe of practices among mortgage firms
technology news December 22nd morning news, today there are media reports said the day before the group has completed a new round of financing, the amount of $700 million financing, led Party voted for the Sequoia Capital, the media also said that this round of financing means that the U.S. group valued at least more than $5 billion. Sina science and technology to the U.S. group CEO Wang Xing confirmation, Wang Xing said the U.S. mission did not release the official message, the rest of the details can not be disclosed.
the media also reported that this round of financing and listing of the United States has nothing to do, more funds for the long-term development of reserves. On the one hand, the United States mission to develop new business need a lot of money, such as the current O2O in advance of the takeaway business; on the other hand is to fund long-term development for the next.
at the same time, the report also said a person close to the Sequoia Capital person said, beauty will not too much to consider before 2017 listed: one is Groupon in the capital market by the cold, beauty story temporarily not say; two is the U.S. group that they will become the O2O platform, but can not listed on the long term.
800 group chief analyst fan Kang to Sina said, from the business point of view, the United States mission needs the money, this is also consistent with Sequoia’s routine, fan Kang said: "this really should be more than 8".
U.S. mission network on March 2010 on the line, when Sequoia Capital A round of $12 million investment, access to the Alibaba and Sequoia Capital B round of $50 million investment in July 2011. In May this year, there is news that the U.S. group received $300 million C round of financing, lead investor institutions for the pan the Atlantic capital, B round investors Sequoia Capital and Alibaba with investment, the U.S. group C round of financing valued at around $3 billion. (Yangtze)