The City Council is poised to extend a measure that protects restaurants and retailers who violate their leases. The Council on Wednesday will vote on a bill that prohibits the enforcement of personal liability provisions in commercial leases or rental agreements in cases where a default occurred between March 7, 2020 and March 31, 2021. The initial measure, which was sponsored by Manhattan Democrat Carlina Rivera and approved in May, only applied to defaults that
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The final week of summer saw a surge in demand for mortgages from homebuyers and homeowners alike. An index tracking the weekly volume of purchase loan applications increased 3 percent, seasonally adjusted, from the prior week. The Mortgage Bankers Association metric, known as the purchase index, was up 25 percent year-over-year. It was the 18th consecutive week that the purchase index was higher than it was a year earlier. The average purchase loan size grew