Business

Federal Government to Back ADU Mortgages Under New Bill

A bipartisan effort in Congress could make it easier for homeowners to build accessory dwelling units (ADUs) by offering federally backed loans. The proposal,...

FHFA Approves VantageScore for Mortgage Loan Use

The Federal Housing Finance Agency (FHFA) will now allow lenders, including Fannie Mae and Freddie Mac, to use VantageScore in addition to the long-standing...

Korean Defense ETF leads U.S. market with top returns

PLUS KDEF, an ETF tracking Korean defense firms, led all U.S.-listed equity ETFs in March with a 31.63% return, signaling global investor confidence in Korea’s defense sector.

LA Affordable Housing Units Continue to Plunge to Fewer Projects

The share of Los Angeles apartment projects that include affordable housing units dropped sharply in 2023, falling to 41 percent of all new developments,...

Chick-fil-A Offers Free Food Through Mobile Game ‘Code Moo’

Chick-fil-A is giving away free food to customers who play its mobile game ‘Code Moo’, which launched through the chain’s official app on July...

Trump Tariffs Drive Up Consumer Prices as Inflation Pressure Grows

U.S. consumer prices are beginning to reflect the full impact of Donald Trump’s tariff policy, with rising costs now visible in daily goods ranging...

Trump Reverses 1099-K Rule, Raises Payment App Reporting Limit to $20,000

Tax reporting requirements for users of third-party payment apps like Venmo and PayPal are being significantly relaxed under new federal legislation.   On July 4, President...

Korean-Style Burger Spot Opens at USC Village

A Korean-style burger restaurant operated by Korean American owners has opened near the University of Southern California.   According to the Los Angeles Times, Softie’s Burger,...

Sibling Home Buying Jumps 5X as Housing Costs Rise

Faced with rising home prices and high mortgage rates, more siblings are buying homes together to split costs and qualify for loans—especially among younger...

Crescent Heights Proposes LA’s Largest Condo Conversion in 52 Years

A 40-story luxury tower in Century City could soon undergo the largest condo conversion Los Angeles has seen in more than five decades, if...