Ellie Mae ® (NYSE: ELLI), a leading provider of enterprise-level, on-demand automated solutions for the residential mortgage industry, today released its Origination Insight Report for August 2012. The report draws its data and insights from a robust sampling of the significant volume of loan applications—more than 20% of all originations in the United States—that flow through Ellie Mae’s Encompass360 ® mortgage management software and Ellie Mae Network™.
MONTHLY ORIGINATION OVERVIEW FOR AUGUST 2012
|August 2012*||July 2012*|| 3 Months Ago
| 6 Months Ago
|Days to Close|
|ARMs vs. Fixed, Length, Rate|
|15 Year %||16||.8%||15||.3%||17||.6%||19||.6%|
|30 Year – Note Rate||3||.763||3||.870||4||.116||4||.095|
*All references to months should be read as month ended.
PROFILES OF CLOSED AND DENIED LOANS FOR AUGUST 2012
|Closed First-Lien Loans (All Types)|| Denied Loans
|FICO Score (FICO)||750||708|
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