To serve 5 new markets in Washington, Knock has partnered with local real estate brokerages, half of which are affiliated with Keller Williams
With the addition of Michigan and Ohio, the purchase mortgage fintech is now in 7 states
After launching in Washington and Texas, Tomo has expanded into Florida, Connecticut and Colorado
Mortgage giants ordered to exempt first-time homebuyers from increases, which could boost private lending
Rates on jumbo loans are currently lower than conventional mortgages, but could surge higher in the months ahead
Any existing customers at the bank can now apply for non-conforming refinancing. However, those lacking a prior relationship with Wells Fargo will face a harder time
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Opinion
The jumbo market has not imploded, but economic uncertainty has led to fewer players in that space today
Next year will be remembered as the year when balance started returning to the luxury market
Loans of $500,000 or more still prevalent, and gaining popularity, in some markets
Commentary: Give thanks daily for the Fed and Fannie Mae
Real estate industry warns of credit crunch if thousands of homebuyers are moved into 'jumbo' territory
Part 2: Loan mods: Hype or real deal?
Pricing slashed, but not all borrowers will qualify
New securitization rules don't apply to most jumbos