MBA reports Mortgage delinquencies hit record in first quarter

By Chris H. Sieroty California and three other states continue to account for almost half of the foreclosures starts in the nation, according to the Mortgage Bankers Association. In its report released Thursday, the trade association reported that foreclosures were at record levels, with 1.37 percent of all home loans nationally starting the foreclosure process … Continue reading MBA reports Mortgage delinquencies hit record in first quarter

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The Business Press: Municipalities eye new bond program

By Chris H. Sieroty Contributing Writer With credit markets cautious about backing new municipal debt in the midst of a severe economic downturn, Inland Southern California cities and counties have been blocked from issuing municipal bonds to pay for a wide range of basic needs from new highways to school construction and new sewer systems. … Continue reading The Business Press: Municipalities eye new bond program

Market News International – California Watch

13:27 EDT 05/20  California Watch: Voters Render Verdict - Bring On Layoffs> --Voters Defeat Budget Recommendations, Leave $21.3 Bln Deficit --Governor Seeking Federal Guarantee to Sell $6 Bln in Bonds by July By Chris H. Sieroty      LOS ANGELES (MNI) - California voters, by defeating a series of ballot measures that Gov. Arnold Schwarzenegger and … Continue reading Market News International – California Watch

The Business Press: Inland wineries continue growth trend

By Chris H. Sieroty  Contributing Writer Whether or not there is high demand for vintners' products locally from retail outlets, the wine business in Inland Southern California has been growing rapidly over the past 10 years. Most of the local wines are produced in Temecula, but there are three major wineries -- Joseph Filippi Winery … Continue reading The Business Press: Inland wineries continue growth trend

The Business Press: Upscale wine remains in favor, in moderation

By Chris H. Sieroty Contributing Writer When downtown Upland's Pacific Wine Merchants showcased several new moderately priced vintages at a recent winetasting, it was a reflection of owner Fred Paciocco's sense of direction as he steers his business through tough economic times. He has created a casual atmosphere in an area once home to a … Continue reading The Business Press: Upscale wine remains in favor, in moderation

The Business Press: Frugal Frigate reaches out to sell children’s books

By Chris H. Sieroty Contributing Writer While many businesses in Redlands beg for customers in a troubled economy, business is thriving at a small bookstore, the Frugal Frigate. Housed in a former carriage shop at 9 N. Sixth St., the independent children's bookstore has undergone a complete overhaul since Brad Hundman and his wife, Jana, … Continue reading The Business Press: Frugal Frigate reaches out to sell children’s books