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Shareholder Edge One Capital proposes Fannie-Freddie exit without higher rates

Edge One Capital has disclosed its stake in Fannie Mae and Freddie Mac, calling the government’s prolonged control of the mortgage giants the “largest shareholder rights violation in U.S. history.” It’s also proposing a road map to return them to private ownership without the consequence of higher mortgage rates. The Raleigh, North Carolina–based investment firm’s announcement comes as the...

This $5.99M Spanish villa in Glendale was the city’s first historic home — and Mario Lopez lived here

The first home ever added to Glendale’s historic registry — a gorgeous 1929 Spanish Revival estate once owned by TV personality Mario Lopez — is back on the market for $5,995,000. Known as Lorelei, the hillside property was designed by Peter Damm, the inventor of the armored car. Perched high above the city with sweeping 380-degree views, the home blends Old Hollywood pedigree with a decade of...

Home of the week: Kanye’s former Hidden Hills home is reborn as a $17M equestrian ranch

It’s been just about two years since Kanye West parted ways with his Hidden Hills home — and now the property is making headlines again, this time for an entirely different reason. The address at 24877 Eldorado Meadow (which West bought as it was across the street from the $60 million home he’d shared with ex Kim Kardashian) has undergone a ground-up transformation, emerging as “Three Planes,”...

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