17th Annual Palm Springs International ShortFest

The City of Palm Springs gets ready for the 17th Annual Palm Springs International ShortFest. This film market and festival is the largest of its kind and is currently the biggest film festival for short films in the United States.

An entire week has been devoted to films, workshops, presentations, events and seminars. This year over three hundred short films from forty different countries around the world will be showcased. All films will be presented at the Camelot Theatre of Palm Springs. Informative workshop, sensational seminars, and so much more will be held at the Renaissance Hotel.

The Palm Springs International ShortFest, presented by the Palm Springs International Film Society, runs June 21st through the 27th. Tickets can be purchased at the Camelot Theatre starting June 14th. For more information or to order tickets online, visit the Palm Spring International Film Society.

Planning Commission to Reject Fashion Plaza Agreement

The Palm Springs Planning Commission is scheduled to meet at 1:30 pm, Wednesday, June 8, 2011, at Palm Springs City Hall, 3200 E. Tahquitz Way.

The Planning Commission is expected to approve a resolution recommending the City Council reject a proposed development agreement between the city and Wessman Development regarding the Desert Fashion Plaza revitalization project.

For information, please contact the City of Palm Springs at (760) 323-8299.

Foreclosure Rate Retreats from Record High

The percentage of homeowners with mortgages who were in foreclosure or seriously delinquent fell during the first three months of the year, and improvement in the performance of loans taken out from 2005-07 suggests a sustainable trend, the Mortgage Bankers Association said today in releasing its quarterly National Delinquency Survey.

The serious delinquency rate — the percentage of loans in foreclosure or delinquent by 90 days or more — was 8.1 percent during the first quarter, down from 8.6 percent during the last three months of 2010 and 9.54 percent a year ago.

The percentage of mortgages in foreclosure was 4.52 percent, down from a record high of 4.64 percent in the fourth quarter, and the percentage of loans behind by 90 days or more dropped for the fifth consecutive quarter, to 3.58 percent.

Read more at Inman News, Where Real Estate and Technology Connect.