Review Mortgage Lenders

Crest Mortgage Company

Mountain Crest Mortgage 2008

Brutal choice in Houston: sell home at a loss or face new floods

KATY, Texas — When Hurricane Harvey struck Houston, floodwaters swept through Eileen and Jeff Swanson’s two-story brick home, blanketing the first floor in muck and nearly destroying a domestic existence 12 years in the making. Their china cabinet, in the family for three generations, was reduced to a sodden mess. A couch, once a soft red, had blushed into a watery burgundy; the carpet squished like grass at the bottom of a marsh. A dirty foot-high water line ran wall to wall, marking the local crest of an event that the National Weather Service called “the most significant tropical cyclone rainfall event in United States history.”

After the floodwaters receded, the Swansons returned to a house ravaged, endless questions, few answers — and a looming decision.

They are not alone. Hundreds of homeowners in Canyon Gate at Cinco Ranch, a quiet subdivision in a west Houston suburb, are mired in a slow, frustrating effort to rebuild. Others have formed an uneasy exodus, their attachment to familiar places and routines irreparably battered by a storm that dumped 50-plus inches and caused widespread flooding. They are now selling their gutted homes at well below pre-storm prices.

Ellie Mae Inc (ELLI) Shares Rating Upgrade by The Zacks Investment Research

According to Zacks, “Ellie Mae, Inc. operates electronic mortgage origination networks in the United States. The Company’s network and technology-enabled solutions help streamline and automate the mortgage origination process. Solutions offered by Ellie include Encompass software, a comprehensive operating system that handles key business and management functions involved in running a mortgage origination business, and serves as a gateway to the Ellie Mae Network. Through its solutions the Company also offers services like: automated preparation of the disclosure and closing documents; electronic document management and websites and electronic connectivity. Ellie Mae, Inc. is headquartered in Pleasanton, California. “

Several other analysts also recently weighed in on ELLI. Needham & Company LLC lifted their price target on shares of Ellie Mae from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Barclays PLC lifted their price target on shares of Ellie Mae from $97.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, July 29th. JMP Securities lifted their price target on shares of Ellie Mae from $94.00 to $107.00 and gave the company a “market outperform” rating in a research note on Friday, July 29th. Pacific Crest initiated coverage on shares of Ellie Mae in a research note on Tuesday, September 6th. They set an “overweight” rating and a $124.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Ellie Mae in a research note on Friday, September 9th. They set an “overweight” rating and a $118.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ellie Mae presently has a consensus rating of “Buy” and an average price target of $116.71.