Riverside Mortgage News

Who Is Going To Buy All Those Homes? (Investor's Business Daily via Yahoo! News)
A housing market recovery could be just what's needed to resuscitate the recession-mired economy, many experts believe.

Economic questions greet 2009 (The Desert Sun)
Hello 2009. After a year dominated by financial uncertainty, today marks a welcomed fresh start. Looking ahead, it's no surprise that some of the biggest questions revolve around the Coachella Valley's economic future.

Consumer confidence hits a record low (The Cincinnati Enquirer)
Consumer confidence hit an all-time low in December, dropping further in the face of rising layoffs, in yet another sign that consumer spending is unlikely to pull the U.S. out of a yearlong recession any time soon.

Deadline approaches for wildfire aid (KABC-TV Los Angeles)
Three weeks remain for residents who suffered losses in the November wildfires.

Deadline nears for wildfire victims seeking federal, state aid (Los Angeles Daily News)
PASADENA -- Three weeks remain for residents who suffered losses in the Southland's November wildfires to apply for federal and state disaster assistance, officials said.

As unemployment grows, more low income residents qualify for free health care (San Bernardino Sun)
The number of low income residents qualifying for free health care through the Inland Empire Health Plan has nearly doubled since September and should continue to grow through 2009, officials say.

HOUSING: San Diego County prices resumed swoon in October (North County Times)
Home prices in San Diego County returned to their free fall in October, according to a report released Tuesday.

Is 2009 the time to buy a home in the Inland Empire? (Inland Valley Daily Bulletin)
Interest rates are the lowest on record, making it cheaper than ever to get a 30-year fixed mortgage. But is 2009 the time to buy a home in the Inland Empire? That depends on how you look at it.

Westport Housing Holding Up (Westport News)
Housing sales are so slow in Westport that the town's projected revenue from building permits and conveyance taxes is down more than $900,000 from the original estimates for the 2008-09 fiscal year.

In '08, investors who lost less won (Los Angeles Times)
Managing to not be totally wiped out qualified as a successful result in a brutal year on Wall Street. If you're nursing a market-average 40%-or-so loss in your stock portfolio in 2008, just remember: It could have been worse -- much worse.