Ellie Mae’s Stock Closes 3% Higher on Monday

Ellie Mae had the largest percentage gain among Mortgage Industry Equity Composite stocks on Monday, closing up 3.7%.

Redwood Trust had the second largest gain, up 3.3% over its Friday close, while MGIC, which earlier in the day noted it had more cures than defaults in November, was up 2.3%.

There were 11 MIEC stocks that closed higher than they did on Friday and six lower.

CoreLogic had the largest percentage decline, down 2.2%, while Dime Community was down 0.9%. Radian Group, which last week reported monthly figures still showing it had more defaults than cures for its delinquent loan inventory, was down 0.8%.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Ellie-Mae-Stock-Closes-Three-Percent-Higher-Monday-1040201-1.html

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