Wealthier Americans mean a bigger bond market

Wealthier Americans mean a bigger bond market

More liquidity means more debt

Top 10 fastest growing cities in the nation

Most already home to thousands of millennials

3 reasons why California housing is about to go bust

The money is drying up
W S
Lending / The Ticker

Mortgage stocks sink with HW 30

Ellie Mae stands out, rises after acquiring MortgageCEO

stock2

The HW 30HousingWire’s exclusive list of mortgage finance stocks – sunk 0.27%, or 2.96 points, in Thursday trading, as several lending and servicing companies experienced disappointing declines.

Still, one overachiever – Ellie Mae – stood out.  Ellie Mae (ELLI) saw its stock shoot up 4.46% on news that it finalized its purchase of mortgage relationship management and marketing automation solutions provider MortgageCEO.

MortgageCEO’s technology is particularly helpful to originators who are looking for robust referral sources to help them generate purchase mortgage activity as refinancing activity declines.  

As Ellie Mae rose, some servicers and lenders experienced declines.

JPMorgan Chase (JPM) finished down 0.84%. PHH Corp. (PHH) declined 4.42%, while servicers Ocwen (OCN) and Walter Investment Management (WAC) fell 3.14% and 1.27%, respectively.

Comments powered by Disqus