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Mortgage delinquencies stay low

U.S. home prices record annual decline

Only three percent of U.S. mortgages were in some stage of delinquency in February, down 0.4 percent year-over-year but a slight increase – 0.2 percent – from January, according to data released today. One point four percent of all mortgages were 30 to 59 days past due in February, unchanged …

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CVB Financial reports sold first quarter

CVB Financial reports earnings drop

CVB Financial Corp. reported net income of $59.3 million for the first quarter of 2023, down from $66.2 million for the fourth quarter of 2022 but up from $45.6 million year-over-year, according to data released last week. The Ontario-based financial institution also reported earnings of 42 cents per share for …

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SB County’s homeless population rises

Victorville project will help homeless

San Bernardino County’s homeless population grew an estimated 26 percent in 2022, in part because of higher rents and not enough affordable housing, according to county officials. Four thousand one hundred and ninety-five people were identified as homeless during the county’s Point In Time Count, which was conducted on Jan. …

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IE office market starts 2023 on right foot

UofR Giving Day declared a success

The Inland Empire office market enjoyed a solid first quarter, with vacancy, net absorption, and lease rates all moving in the desired direction, according to data released today. The region’s vacancy rate during the first three months of 2023 was nine percent, down from a revised 9.4 percent in the …

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Hospital receives $1 million city grant

Cal State University San Bernardino receives grant money

Temecula Valley Hospital has received a $1 million grant it will use to increase its mental health treatment programs. The funding is from the city of Temecula, which last year agreed to donate that amount to the hospital from its community reinvestment grant program, according to a statement on the …

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