After Holiday Break, Mortgage Applications Soar in MBA Weekly Survey
The week after the holidays usually sees a sharp jump in mortgage applications activity, and last week was no exception, according to the Mortgage Bankers Association.
‘Million-Dollar City’ Club Grows, But New Entrants Running Dry
Zillow, Seattle, said 11 cities are expected to join the “Million Dollar City” list in 2020—where the typical home value is at least $1 million—but five cities are likely to fall out, with few new entrants expected in coming years.
New York Fed Warns of Financial System ‘Pre-Mortem’ Cyber Risk
In a new report, the Federal Reserve of New York warns a sustained cyber attack on the U.S. financial system could result in “significant spillover” and widespread disruption.