Ellie Mae stock price gained over 4% on Thursday, as the company disclosed it completed its purchase of customer relationship management platform MortgageCEO. The announcement came after the markets closed on Wednesday,

On the other hand, PHH Corp., which had been the largest gainer on Wednesday after published reports indicated someone was interested in acquiring its financing business, had the largest percentage decline among Mortgage Industry Equity Composite stocks, losing over 4% in value.

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