Technology

Ellie Mae’s secondary stock offering priced higher than expected and at $17 per share, will raise between $48.16 million and $55.36 million, after expenses, for the mortgage technology vendor.

A new service from CoreLogic incorporates servicer stop advance data into its private-label residential mortgage-backed securities dataset.

The National Association of Realtors reported that its pending sales index jumped nearly 6% in May back to 101.1, the same level in March and the highest this year.

Attempts by Mortgage Guaranty Insurance Corp. to sell off its eMagic and Myers Internet units have failed and the mortgage insurer will shut down the pair of technology providers on Sept. 1.

In the wake of several significant regulatory developments, and with more changes looming, it seems clear that esponsible servicing professionals will need to evolve and adapt to new realities.

Freddie Mac purchased $30.7 billion in residential mortgages from lenders in May, up 19% from April.

The S&P Case-Shiller house price index rose 1.3% in April for the first time since August.

The Census Bureau reported that sales of newly built single-family homes rose to a 369,000 seasonally adjusted annual rate in May from a 343,000 rate in April.

California pending home sales for May were flat from April, but posted double-digit gains from a year ago for the fourth straight month.

Mortgage technology vendor Ellie Mae will offer 3 million shares of its stock in a public offering announced Monday.