Ellie Mae closed near 4% lower on Tuesday, and it was the biggest percentage loser in the Mortgage Industry Equity Composite. Astoria Financial was down 1.2% and CoreLogic was down 1.1%. All told, seven of the 17 MIEC members closed lower than they did on Monday.
Home Loan Servicing Solutions closed nearly 2% higher. MGIC Investment Corp. closed up 1.1%, while Redwood Trust and KB Home both closed 0.8% higher.
The Dow closed 72 points higher.