Ellie Mae’s common stock price gained over 16% on Friday as the company reported a 45% increase in revenue in 2Q13 over 2Q12 after the market closed on Thursday.
By far Ellie Mae was the leading gainer among Mortgage Industry Equity composite stocks. There were 11 gainers and six decliners for Friday.
PHH had the second largest percentage gain over
OceanFirst Financial closed down 1.95%, followed by Home Loan Servicing Solutions, down 1.46%, and Bank of Hawaii, down 1%.
The effective tax rate, measuring taxes relative to home prices, also increased to its highest mark in five years, according to Attom's analysis.
The California-based lender announced Wednesday the addition of One Goal Mortgage, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa.
Better is focusing on its U.S. mortgage unit, which reported higher-than-expected preliminary loan volumes and priced a stock offering.
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, according to a survey of 1,000 mortgage holders.
In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
