Mortgage Blog

Minnesota's unemployment rate dropped to 2.8 percent in September — the lowest it's been since May 1999. But the the state lost 1,400 jobs last month and August's job loss total was revised from 250 to 2,500, according to the Minnesota Department of Employment and Economic Development.

“While job declines are disappointing, they are to some extent a consequence of earlier economic strength,” DEED Commissioner Shawntera Hardy said in a statement. “This summer we saw large job gains, particularly…

The New York-based JPMorgan Chase & Co. (NYSE: JPM) bank branch inside of its namesake tower in downtown Houston will close and consolidate into another downtown branch in mid-December.

The JPMorgan Chase Tower branch at 600 Travis St. is one of five currently in the downtown area, and houses over $225 million in deposits. On Dec. 13, It will close and be consolidated into the bank's Houston headquarters at 712 Main St. — the largest bank branch in the state of Texas, with some $73.7 billion…

With no class to take on venture capital investing, some University of Minnesota students decided to start doing deals instead.

About two years ago, a group of business students quietly launched what became Atland Ventures, a VC fund with about $150,000 in capital under management. An alumnus who wished to remain anonymous provided the group with its original pool of capital, and the fund has already invested in two Twin Cities companies: St. Paul-based Structural, which makes human-resources software,…

First Commonwealth Financial Corp. on Wednesday announced that Dave Reed, majority leader of the Pennsylvania House of Representatives, will join the senior leadership team of First Commonwealth Bank as regional president.

Reed, who represents the 62nd legislative district in Indiana County, will come aboard as he wraps up his eighth term.

“Dave is deeply invested in western and central Pennsylvania with a remarkable commitment to the economy, the issues, and the people,” First Commonwealth…

The Atlanta Chapter of The Association for Corporate Growth (ACG) will recognize Atlanta's GreenSky Inc. as IPO of the Year at its upcoming 2018 Deals of the Year Awards.

The Deals of the Year Award recognizes outstanding transactions or IPOs completed from July 1, 2017 through June 30, 2018 that have had a major impact on business in Atlanta and the region. ACG Atlanta will present the award Nov. 13th at the Atlanta History Center.

GreenSk, a digital platform for lending and one of Atlanta’s…

Yeti Coolers LLC seeks to raise about $400 million in an initial public offering.

Parent company Yeti Holdings Inc. filed Monday new federal securities paperwork with more pricing information ahead of a potential IPO.

Much of the money raised in an IPO would go to Yeti's private equity backer, and skeptics have raised questions about whether the Austin-based consumer goods company has fully rebounded from a sluggish 2017.

Yeti said in the new filing it intends to sell 2.5 million shares of common…

The bank is moving into a historic building, where it likely will open next spring.

Americans have amassed $1.5 trillion in student loan debt, and for a growing number of companies, offering employees student loan assistance is a way to differentiate in a tight labor market.

Axios reports about 4 percent of companies now offer student loan assistance to staffers. The Student Loan Repayment Acceleration Act, introduced by Colorado Sen. Cory Gardner (R), would allow companies to make yearly tax-free contributions of up to $10,000 to each employee’s student loan debt, similar to…

Western Union recently received two other fintech patents.

A booming, and well-pedigreed, Bend-based cold brew coffee specialist has procured $1 million from a who's who list of investors.

Riff Cold Brewed Coffee will use the money to, among other strategies, open what's likely the world's first taproom dedicated to cold brew, The money will also help Riff enhance its 9,000-square-foot Redmond production facility and operate its newly opened Riff Cold Brewed Tapshack at the University of Oregon's Eugene campus.

Riff was founded by Paul Evers, who co-founded…