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Issue of May 5, 2008

High-End Condo Market Takes Hit in First Quarter By Aglaia Pikounis The luxury condominium market is feeling the pinch. Strata Bank Investor Takes Gripes to Court By Amy Wyeth One of Strata Bank’s largest investors is upset with the bank’s performance and is taking dramatic steps to try to turn it around. Boylston Street Is Ready To Rock With New Tenants By Thomas Grillo One of the nation’s largest sellers of guitars, percussion instruments, keyboards and recording equipment is opening a mega-store near Boston’s Fenway Park. Lender License Plan Mandates Credit History By Amy Wyeth Mortgage brokers accustomed to examining the credit history of loan applicants soon may be subject to credit scrutiny themselves.		Burnes Rejects FAIR Rate Increase Massachusetts Insurance Commissioner Nonnie S. Burnes has denied the state FAIR insurance plan’s request for a 25 percent increase in coastal homeowners’ insurance rates. D’Alessandro To Step Down As Head Of Hancock Parent Co. Manulife Financial President and Chief Executive Officer Dominic D'Alessandro, who spearheaded the Canadian company's U.S. expansion with the takeover of John Hancock, will step down in May 2009, the insurance company said on Thursday. Fannie, Freddie Guidelines Complicate Condo Financing By Amy Wyeth Whether you’re a condominium owner, a mortgage wholesaler or a lender, ever-tightening guidelines from Fannie Mae and Freddie Mac in that market these days can be enough to make your head spin. Dawg Day: Former Sox Star Remy Plans Sports Bar in Fenway By Thomas Grillo Boston Red Sox fans could have another place to eat around the park. As first reported last week on Banker & Tradesman’s Web site, Jerry Remy, the colorful analyst for New England Sports Network and president of Red Sox Nation, plans to open a steakhouse in the shadow of Fenway Park. Attorneys Urge Lawmakers To Kill Document Fee Hike By Aglaia Pikounis Real estate attorneys are pressing legislators to reject a proposal to increase fees for documents recorded at the state’s registries of deeds.

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