Warren calls for GAO investigation of nonbank servicers

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year
W S
Lending / The Ticker

Ellie Mae net earnings fall 26%

money_display
/ Print / Reprints /
| Share More
/ Text Size+

Ellie Mae’s (ELLI) second quarter earnings dropped 26% as the maker of mortgage origination software posted higher expenses, covering revenue growth, an article in MarketWatch said.

Ellie Mae raised its full-year outlook, now seeing adjusted per-share earnings of $1.08 to $1.11 a share on revenue of $131 million to $132.5 million. The company previously projected earnings of $1.06 to $1.09 a share on revenue of $130 million to $131.5 million. However, the company expects its stock-compensation expenses to be higher than originally anticipated due to performance bonuses and new hiring.

Source: MarketWatch
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus