This is why you can't blame Millennials for low homeownership rates

Pending home sales drop for the first time in 2015

May level down 1.8% on low inventory, escalating prices

Bill to kill $3M raises for Fannie, Freddie CEOs gains momentum

Rep. Ed Royce-sponsored bill now has bipartisan support

Items Tagged with 'Altisource Portfolio Solutions'


Altisource announces acquisition of CastleLine

Provider of mortgage underwriting insurance joins Altisource family
Altisource Portfolio Solutions, a marketplace and transaction solutions provider for the real estate, mortgage and consumer-debt industries, announced Thursday that it is acquiring CastleLine Holdings, a specialty risk management and insurance services firm.
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Altisource Residential CEO Ashish Pandey stepping down

Current president George Ellison to take over July 1
Ashish Pandey, who has served as the chief executive officer of Altisource Residential Corporation since the company was spun off from Altisource Portfolio Solutions in 2012, is stepping down. According to a release from the company, Pandey is leaving Altisource Residential to “pursue personal interests” in India.
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Flagstar joins Lenders One as preferred investor

Will make mortgage products available to group’s members
Flagstar Bancorp is joining the Lenders One Mortgage Cooperative. Under the terms of the agreement, Flagstar will now offer its full range of mortgages, including jumbo, renovation and rural mortgage products, to the more than 280 members of Lenders One.
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Altisource hires Lora Helt as vice president

Will oversee enterprise sales and business development
In this position, Helt will play a “key role in the customer account planning cycle and in ensuring customers’ needs and expectations are met by Altisource,” the company said in a release.
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Survey: TILA-RESPA impact riles most mortgage bankers

Lenders One survey finds compliance with new rules a major concern
The majority of mortgage bankers are focused on the looming TILA-RESPA rule changes and worry about its impact on their business operations, according to a new survey from Lenders One. What else are they worried about?
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Altisource Portfolio Solutions' net income plummets 91%

Cites increased expenses related to "terminated employees and contractors"
Altisource Portfolio Solutions saw its net income plummet by 91% in the first quarter of 2015. According to Altisource’s CEO, William Shepro, the drop in income was due in part to $13.6 million in expenses “related to terminated employees and contractors and other out-of-the-ordinary items.”
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Altisource opens real estate investor cooperative

Solutions brings together a fragmented market
Altisource Portfolio Solutions, a provider of real estate technology, announced its latest housing venture, this time to ease the financial burdens and struggles rental investors face, especially mom-and-pop investors.
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From HW Magazine

Ocwen's terrible, horrible, no good, very bad year

How 2014 rocked Ocwen Financial to its core
“The existence and pervasiveness of these issues raise critical questions about Ocwen’s ability to perform its core function of servicing loans.” Lawsky said in the letter that in light of these serious issues and the likelihood that thousands of new, inaccurate records are created with each passing day, Ocwen has not approached this problem with the urgency it demands.
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