Several loan officers have inquired: Why is the cost of jumbo financing so high at this time? For the past few years, it has been the same as conforming pricing and sometimes even lower than conforming. Now it is much higher--if you can find it at all. Why has this market changed so much?

The SEC has agreed to settle its civil case against upstate New York developer Robert C. Morgan without seeking a fine. So reports Buffalo News.

Real estate startup Opendoor has confirmed plans to go public through a merger with the Social Capital Hedosophia II, a special purpose acquisition company associated with investor Chamath Palihapitiya. So reports TechCrunch.