Altisource Portfolio Solutions(ASPS) strong fourth-quarter showing prompted Stephens to raise its 2012 earnings per share estimates to $4.51 a share from $3.81 a share.

Altisource’s headcount rose 66% during 2011 as it took on the Litton Loan portfolio, purchased by its former parent, Ocwen Financial Corp. (OCN). About $170,000 in JPMorgan/Saxon loans will be brought on over the next two months, Stephens added.

Stephens said the revenue in the mortgage services segment was $104.5 million, up 30.3% year-over-year — “well ahead of our expectation for $87.1 million on better overall productivity, new products and the full on-boarding of and contribution from Litton.”

Altisource ($54.69 ()) earned $25.7 million in the fourth quarter, a 53% increase from $16.8 million a year earlier on improved operating margins.

kcurry@housingwire.com

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please