01-03-2014, 04:36 AM
Stuck in the mid 20s and suffering from rising mortgage rates which have decreased refinancing quite a bit, it's still useful to remember that:
- IMF News, which reported in November Ellie Mae (ELLI -0.1%) has seen M&A interest from three P-E firms, reports today the mortgage origination software firm is still weighing buyout offers. Shares briefly spiked higher, but have given back their gains.
- Shortly after IMF News' November scoop, dealReporter stated Ellie Mae's would-be buyers have valuation concerns. The company's sales have been pressured lately by declining mortgage applications.

