After announcing New Hampshire’s share of a $43 billion multi-state settlement with the country’s biggest banks, the Granite State’s officially in waiting-game-mode. Although the settlement was announced in February, it didn’t get the official approval until April. Now, banks have to sift through paperwork, which could take months. As Jake Berry explains in the Nashua […]
Since 2005, the number of foreclosures in New Hampshire has increased 700 percent. Last year, more than 3,800 families were forced out of their homes due to foreclosure. New Hampshire is one of 49 states that signed on to a settlement between the federal government and the country’s five largest lenders — Bank of America, Citi, Wellsfargo, Ally/GMAC, […]
Good afternoon! As usual, we’ve got this week’s roundup of our top five posts. This week, they spanned a number of economic themes: How State Budget Cuts Hit Nursing For Sick Kids: NHPR’s Dan Gorenstein takes us inside the state’s process of evaluating how much Medicaid-funded nursing assistance New Hampshire’s most disabled kids get. Charting NH’s Incredible […]
Periodically, StateImpact New Hampshire likes to check in with the Boston Fed to find out what forces analysts think are shaping the New England and national economies. And we stumbled onto this deceptively dry-titled little gem of a report by Robert Clifford: “State Foreclosure Prevention Efforts in New England: Mediation and Assistance.” This word cloud […]
A new report released by the New Hampshire Housing and Finance Authority shows home foreclosures spiked in December 2011–up 35 percent from that November. Jane Law of the Housing Authority says foreclosures have been declining since their peak in 2010, and December’s jump might be an anomaly, “The biggest factor is just mortgage companies are […]
One of the key consequences of the economic collapse a few years ago was the passage of a massive piece of legislation called the “Dodd-Frank Act.” The bill was co-sponsored by (now-retired) Democratic Senator Chris Dodd of Connecticut and (soon-to-be-retired) Democratic Massachusetts Representative Barney Frank. In a nutshell, their idea was to prevent another massive […]
Today marked Governor John Lynch’s last State of the State address. And, as one might expect during a slow trudge toward recovery, the bulk of Lynch focused either directly or indirectly on the economy. Some of the key themes included issues that we’ve covered or put on the Watch List of our Ultimate Legislative Guide. […]
As the New Hampshire legislature begins whittling down a bevy of economy-related bills, we thought it would be helpful to offer you a brief, on-going roundup of what we believe are some key economic issues the General Court will be looking at, and why. We’ve also included resources if you’d like to research and track […]
A New Hampshire developer plans to renovate two mostly-abandoned apartment buildings in Franklin and turn them into affordable housing for working class families. The company, New England Family Housing, plans to buy the 30-unit building for $615,000. Kevin Lacasse, who owns the company, told the Concord Monitor that the he buildings, which were constructed in […]
The worst might be over in terms of New Hampshire’s foreclosure rate…but that doesn’t mean things will be truly good in the near future. NHPR’s Jon Greenberg looked into the September numbers released by the New Hampshire Housing Finance Authority, and reports: “About 300 owners lost their homes in September. That’s 8% less than a […]
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