Vol.41, No.27
www.thewarrengroup.com
W E E K O F M O N D A Y, J U LY 8 , 2 0 1 9
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
I N D U S T RY R I VA L RY
ABA Calls for ‘Top-to-Bottom’ Assessment of CU Industry
Salem 3 ARTISAN DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,422,600 B: Artisan At Tuscan Village S: Rock Acquisition LLC Mtg: JPMorgan Chase Bank $45,729,123
Hampton 3 OCEAN DR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,500,000 B: 4 Ocean Drive LLC S: Katherine E Herbst Tr, Tr for Mary H Fallon RET
Federal Regulator Urged to Examine CU Servicing of Poor Communities
Dover
BY BRAM BERKOWITZ REGISTRY REVIEW STAFF
200 STERLING WAY . . . . . . . . . . . . . . . . . . . . . . . . . . $2,865,000 B: Giri Dover 200 Inc S: Sterling Partners LLC Mtg: Northway Bank $5,260,000 Use: Hotel, Lot: 113256sf
U
sing strong language, the banking industry’s largest trade group has asked the national agency that regulates credit unions to conduct a “top-to-bottom assessment” of the nonprofit lenders. The industry has long been a vocal critic of the corporate tax exemption that credit unions enjoy, as well as what some might call an overreach when it comes to credit unions’ field of membership expansions and some of the services they provide. The American Bankers Association on June 27 sent a letter to the National Credit Union Administration requesting the agency review whether the modern-day credit union industry is meeting its targeted, statutory mission to serve people of “small means.” The formal request follows this week’s release of a new report from Federal Financial Analytics that documents how many in the industry are allegedly falling short of that goal. The letter also asks the NCUA inspector general to investigate the report’s findings. “Federal Financial Analytics’ report identifies several troubling issues that merit further investigation by NCUA’s Inspector General and action by the NCUA Board,” ABA Presi-
Holderness 74 MOUNTAIN IVY LN. . . . . . . . . . . . . . . . . . . . . . . . . $1,795,000 B: Carol G Stone Tr, Tr for Carol G Stone T S: John J Barry Jr & Annacarin E Barry Use: 3 Bdrm Cottage, Lot: 65340sf
Fremont 25 MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,750,000 B: Arec 35 LLC S: Budget Storage Fremont LLC
Wolfeboro 64 PARKER ISLAND RD. . . . . . . . . . . . . . . . . . . . . . . . $1,610,000 B: David A Schappell Tr, Tr for Schappell Janosky RET S: M Kurtz Dietzer Tr, Tr for M Kurtz Dietzer RET
Rye 536 CENTRAL RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,575,000 B: Walter E Rogers Tr, Tr for Walter E Rogers 1989 RET S: Jane E Willey Tr, Tr for Jane E Willey T Use: 3 Bdrm Cape Cod, Lot: 238273sf
Alton 168 ROGER ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,475,000 B: Susan J Tulley & Mark M Tulley S: Ronald G Senecal Tr, Tr for Senecal FT 2013
Hanover 15 BUELL ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,430,000 B: Juhani Linnainmaa & Sari Linnainmaa S: Richad R Dyroff Tr, Tr for Richard Robert Dyroff T Mtg: Ledyard Natl Bk $1,144,000 Use: 7 Bdrm Conventional, Lot: 48352sf
Alton 69 SAWMILL BROOK RD. . . . . . . . . . . . . . . . . . . . . . . $1,117,000 B: Mark C Wieland & Lisa S Wieland S: Paul Gabriellini & Doreen P Gabriellini Mtg: Bank of America NA $893,600 Use: 3 Bdrm Split Level, Lot: 23087sf
4,000 4000 3,500 3500 3,000 3000 2,500 2500 2,000 2000 1,500 1500 1,000 1000 500 500 00
INDEX REAL ESTATE RECORDS TRANSACTIONS THRU
8000
3500 3,500
Purchase
5000 4000 3000 2000 1000
Dec. Jan. Feb. MarchApril May June July Aug. Sept. Oct. Nov. Dec.
May June Jun. July Jul. Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May May ’19
BothMonth
Both
5000
Purchase
2800 2,800
3000 2000
Refinance
Both
May 2015
709
1,668
2,377
May 2016
1,070
2,035
3,105
May 2017
1,332
1,819
3,151
May 2018
1,298
1,739
3,037
May 2019
1,297
1,870
3,167
Refinance
1000
Jan. 16
Purchase
Refinance
4000
Jan. 15
T
Refinance
6000
Jan. 17
Purchase
2100 2,100
Jan. 18
Jan. 19
1400 1,400 700 700
00
May 15 May
May May16
’15
’16
May May17
’17
May May18
May May19
’18
’19
Continued on Page 16
TO OUR READERS
Both
7000
’18
6000
0
risks to the credit union system and whether NCUA’s definition of “low-income” is misleading. The letter also asks the NCUA to review whether credit unions’ mandate to offer credit for “provident or productive” purposes is all but ignored by NCUA regulation, and if credit union acquisitions of banks show a changed mission.
Number of Mortgages for Single-Family Homes
355 MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,100,000 B: 145 Capco Properties LLC S: 355 Main Street Group LLC Mtg: Newburyport Five Cent $604,669 Use: Apartment Bldg - 9 + Units, Lot: 197762sf
3 Belknap ���������������������������� 06/25/19 4 Carroll ���������������������������� 06/25/19 4 Cheshire ������������������������ 06/25/19 5 Coos �������������������������������� 06/25/19 5 Grafton ���������������������������� 06/25/19 6 Hillsborough ������������������ 06/25/19 9 Merrimack ���������������������� 06/25/19 10 Rockingham ������������������ 06/25/19 12 Strafford ������������������������ 06/25/19 13 Sullivan �������������������������� 06/25/19 13 Bankruptcies 14 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals
dent and CEO Rob Nichols wrote in the letter. “This report should serve as a wake-up call to the agency that this $1.5 trillion industry cannot be trusted to meet its statutory mission to serve low- and moderate-income households without appropriate oversight.” The letter asks the NCUA to review whether it needs to impose mission-related requirements; whether NCUA regulation and supervision is substandard and poses increasing
New Hampshire Market Statistics
Somersworth
PG COUNTY
While tensions between banks and credit unions have always simmered, the American Bankers Association launched an unprecedented attack on the credit union industry recently, urging federal regulators to examine whether the industry is meeting its statutory obligations.
❑ Statistics based on single-family home sales ❑ Source: The Warren Group
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he Registry Review is online! After more than 40 years as a printed newspaper, all of the real estate information you rely on is now available at Both www.theregistryreview.com. (There are no plans to cease publication of the Refinance newspaper.) All current subscribers have complimentary access to the webPurchase site. When you first visit the site, please click the “forgot password” button to set up your account. If you have any problems please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com. If you have any feedback or would like to contribute content, please email editorial@ thewarrengroup.com. Sincerely, Cassidy Norton Associate Publisher The Warren Group