The Registry Review: Oct. 5, 2020

Page 1

Vol.42, No.40

www.thewarrengroup.com

W E E K O F M O N D A Y, O C T O B E R 5 , 2 0 2 0

THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group

WEEKLY SALES OF NOTE

I N V E S T M E N T S T R AT E G I E S

Fed Offers its Own CRA Reform Package

Claremont

2 WINTER ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,200,000 B: Princeton Claremont LLC S: DLC Claremont LLC Use: Condo

Alton

0 WOODLANDS RD & 268 WOODLANDS RD. . . . . . . .$4,250,000 B: Ana C Solky & Benjamin A Solky S: Marie V Hebert Tr, Tr for Marie V Hebert RET

Proposal Emerges in Wake of Regulators’ Failed Joint Update

Loudon

BY DIANE MCLAUGHLIN REGISTRY REVIEW STAFF

2 STANIELS RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,634,400 B: Jtai Hospitality LLC S: Dhyan Hotel LLC Mtg: Sugar River Bank $1,745,000 Use: Commercial Building, Lot: 801504sf

A

nother attempt to overhaul the Community Reinvestment Act moved forward last week as the Federal Reserve released its proposal to modernize the legislation that encourages financial institutions to meet community credit needs. The Fed has issued an Advance Notice of Proposed Rulemaking for its CRA proposal, and the public will have 120 days to comment on the proposal. The Fed’s five governors voted unanimously to move the proposal forward for public comment. The Fed’s proposal comes four months after another bank regulator, the Office of the Comptroller of the Currency, finalized its own CRA overhaul. A years-long effort by the Fed, the OCC and the FDIC to create a joint proposal ended late last year when the OCC issued its own proposal. The FDIC initially supported the OCC’s proposal but then in May decided not to move forward with it. The Fed had declined to support the OCC’s proposal last year. Several banks and many community development groups criticized the OCC proposal, saying it would make it easy for banks to avoid investing in minority communities and could create

Portsmouth

659 & 677 DENNETT ST. . . . . . . . . . . . . . . . . . . . . . . $3,500,000 B: Tidewater Farm Legacy LLC S: Robert Mcguire Jr Tr, Tr for Horizon T

Center Harbor

117 KEEWAYDIN RD. . . . . . . . . . . . . . . . . . . . . . . . . . $3,480,000 B: Gabrielle C Crandall Tr, Tr for Gabrielle C Crandall RET S: Keewaydin Twust LLC Tr, Tr for 117 Keewaydin RT Use: 1-Family, Lot: 38333sf

Portsmouth

112 HERITAGE AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,500,000 B: Please Please ME LLC S: Balata LLC

Sunapee

234 GARNET HILL RD. . . . . . . . . . . . . . . . . . . . . . . . . $2,400,000 B: 234 Garnet Hill Road LLC S: Barbara D Calhoun Tr, Tr for Calhoun FT

Keene

32 MAPLE AVE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,391,000 B: Princeton Keene 2 LLC S: Brookside DLC LLC Mtg: Brookline Bank $1,862,656 Use: 2 Bdrm Condo 30 MAPLE AVE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,391,000 B: Princeton Keene 2 LLC S: Brookside DLC LLC Mtg: Brookline Bank $1,862,656 Use: 2 Bdrm Condo

Portsmouth

10 STATE ST U:B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,375,533 B: Portsmouth Waterfront LLC S: Ellen M Labrie Tr, Tr for James A Labrie RET Use: 2 Bdrm Condo

New London

16 SNOW LANE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,850,000 B: Scott Usechek & Gina Usechek S: Jane E Oberlander Tr, Tr for Jane E Oberlander RET

5000

INDEX

4000

REAL ESTATE RECORDS

2000

3000

1000

TRANSACTIONS THRU

0

6,000 6000 Both

5,000 5000

Refinance Purchase

4,000 4000 3,000 3000

Jan. Feb. MarchApril May June July Aug. Sept. Oct. Nov. Dec. Jan.

1,000 1000

00

Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July July Aug. Aug. Aug. ’19

’20

6000 6,000

BothMonth

Purchase

Refinance

Both

Aug. 2016

1,323

2,238

3,561

Aug. 2017

1,711

1,965

3,676

2000 2,000

Aug. 2018

1,606

1,990

3,596

1000 1,000

Aug. 2019

1,584

2,384

3,968

Aug. 2020

1,358

4,067

5,425

Both

5000 5,000

5000 4000

Refinance

Refinance

Purchase

3000

4000 4,000

2000 1000

Jan. 15

Jan. 16

Jan. 17

Jan. 18

Purchase

Jan. 19

3000 3,000

00

Aug. 16 Aug.

Aug. Aug.17

Aug. Aug.18

Aug. Aug.19

Aug. Aug.20

’16

’17

’18

’19

’20

Continued on Page 16

TO OUR CUSTOMERS

T

2,000 2000

6000

0

Board Governor Lael Brainard led the Fed’s initiative to create its own CRA proposal. “The CRA is a seminal statute that remains as important as ever as the nation confronts challenges associated with racial equity and the COVID-19 pandemic,” Brainard said in a statement. “We must ensure that CRA is a strong and effective tool to address ongoing systemic inequities in access to credit and financial ser-

Number of Mortgages for Single-Family Homes

Madison

3 Belknap �������������������������� 09/18/20 4 Carroll ���������������������������� 09/18/20 5 Cheshire ������������������������ 09/18/20 6 Coos �������������������������������� 09/18/20 6 Grafton ���������������������������� 09/18/20 7 Hillsborough ������������������ 09/18/20 10 Merrimack ���������������������� 09/18/20 11 Rockingham ������������������ 09/18/20 13 Strafford ������������������������ 09/18/20 13 Sullivan �������������������������� 09/18/20 14 Bankruptcies 14 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals

the potential for a modern version of redlining. Adopted in 1977, the CRA aims to prevent the discrimination in lending and encourages financial institutions to meet community credit needs, including in low- and moderate-income neighborhoods. The CRA had not been significantly revamped in 25 years, and stakeholders agreed that the regulations needed to be modernized, in part because of the growth of online banking.

NEW HAMPSHIRE MARKET STATISTICS

178 POOR RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,195,000 B: Elaine H Rudnick Tr, Tr for Elaine H Rudnick T S: Christopher Alepa

PG COUNTY

The Federal Reserve has issued a proposed update to its regulations implementing the country’s core anti-redlining statute after disagreeing with other regulators on an earlier reform plan.

❑ Statistics based on single-family home sales ❑ Source: The Warren Group

©2020 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

he Warren Group is making every reasonable effort to collect real estate data during these unprecedented times. As more registries restrict acBoth cess and courts close down, we anticipate further collection issues and as Refinance a result you will see fewer sales, notices and liens in The Registry Review. Purchase We will publish this information as it is available. We apologize for any inconvenience this crisis may cause, and we thank you for your understanding and continued support of our newspapers. Please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com if you have any questions. All collection issues are also available on our website, www.thewarrengroup.com/data-collection-issues. Sincerely, Cassidy Norton, Associate Publisher The Warren Group


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