Vol.42, No.40
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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
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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