Items Tagged with 'Altisource Residential'

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  • Altisource Residential changing its name to Front Yard Residential

    Name change effective on Feb. 21, 2018
    Altisource Residential, apparently tired of being confused with Altisource Portfolio Solutions and Altisource Asset Management, announced Friday that it plans to change its name to Front Yard Residential. According to the company, the name change will take effect on Feb. 21, 2018.
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  • Altisource Residential boosts single-family rental portfolio with $305.1M deal with Amherst

    Acquisition of 1,957 homes pushes total portfolio to more than 12,000
    Earlier this year, Altisource Residential grew its portfolio of single-family rental homes to more than 10,000, thanks to the second part of a three-part deal with Amherst Holdings. Now, the two companies have completed the third part of that agreement, with a $305.1 million deal that pushes Altisource's portfolio to more than 12,000 properties.
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  • Altisource Residential growing single-family rental business again

    Signs agreement to acquire up to 3,500 rental properties
    Last year, Altisource Residential doubled its portfolio of single-family rental homes in one deal, buying a portfolio of 4,262 single-family rental properties for $652.3 million from “investment funds sponsored by Amherst Holdings.” And Friday, the company announced that it is growing its single-family rental portfolio again, in another deal with Amherst Holdings affiliates.
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  • Altisource Residential struggles with shift to single-family rentals

    Doubles portfolio but posts net loss in 3rd quarter
    Just a few months ago, Altisource Residential celebrated the fact that it was about to double the size of its portfolio of single-family rental homes, a move that marked a significant step in the company’s transition from a buyer of non-performing loans to an operator of rental homes. But the company's move to single-family rentals isn’t without its stumbling blocks along the way, as the company announced Monday that it posted a net loss of $57.6 million, or $1.06 per diluted share, in the third quarter.
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  • Altisource Origination Services rebrands as Trelix

    Will launch new tech platform in 2017
    Altisource Origination Services announced today it is leaving the Altisource name behind, and rebranding itself as Trelix. The name change is more than just a name change, according to the company president, who calls it the next step in the company's evolution. The company will also make another announcement in 2017 introducing its new technology platform.
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  • Altisource Residential doubles single-family rental portfolio with $652 million deal

    Agrees to buy 4,262 rental homes
    When Altisource Residential said last year that it planned to grow its portfolio of single-family rental homes by 900% – from 2,516 to more than 25,000 – over the next few years, the company apparently wasn’t kidding. Altisource said Friday that it is buying a portfolio of 4,262 single-family rental properties for an aggregate purchase price of $652.3 million, a deal that more than doubles Altisource’s rental holdings.
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  • Nomura upgrades Altisource Residential on growing single-family rental business

    Analysts bullish on company's potential for growth
    Altisource Residential Corporation recently disclosed its second quarter financial results, reporting that it took a net loss of $63.5 million during the second quarter. But despite that loss, analysts from Nomura are bullish on the company’s future prospects. The reason? Altisource's growing single-family rental business.
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  • Ocwen and Altisource bouncing back?

    Numbers up following Ocwen’s good news
    After the plummet over the past week, Ocwen and Altisource may be bouncing back. The stock in each company is back to what it was at the beginning of last week. The report could mean an upgrade in Ocwen’s rating by S&P.
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  • Ocwen ties that bind? Altisource Residential adds former HLSS exec

    Michael Lubin will also serve as senior vice president of AAMC
    In another sign that the relationship between Ocwen Financial and its affiliated companies, Altisource Portfolio Solutions, Altisource Residential Corporation, Altisource Asset Management Corporation, and Home Loan Servicing Solutions, will always be complicated, Altisource Residential and Altisource Asset Management announced Friday that Michael Lubin is joining both companies. Lubin joins from Home Loan Servicing Solutions.
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