GSEs’ Long Run of Declining Delinquencies Comes to an End

For the first time in over a year neither Fannie Mae nor Freddie Mac are showing any downward movement in their seriously delinquent mortgage rates. Fannie’s percentage of single-family loans at least three payments past due remained unchanged between the months of June and July at 4.08 percent, according to the latest monthly summary report …

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Preliminary Plans for 5,000 Homes Around the OC Great Park Okayed

The plan submitted by the Aliso Viejo-based developer has parks, shopping areas, trails, a school, police substation and other aspects. IRVINE — Plans for nearly 5,000 new homes ringing the Orange County Great Park won preliminary approval from a divided City Council last week. Irvine officials voted 3 to 2 on Tuesday night to OK …

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AERIE project update

The AERIE construction project in Corona del Mar has finally been approved by the California Coastal Commission, but isn’t slated to begin construction until the end of the year at the earliest.  Corona del Mar Today has an update on the approval and construction plans here and here.  Past posts on the AERIE project are …

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Will the AERIE project be approved this time?

The AERIE project — denied Coastal Commission approval last spring — has been revised and reduced and will go back before the agency in March. The Coastal Commission’s agenda lists the project on the March 9 agenda for a meeting in Santa Cruz. No staff report has been posted. In a recent interview, owner Rick …

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