Altisource Strengthens Offerings in Originations and Mortgage Servicing With Acquisition of CastleLine
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Altisource Portfolio Solutions (ASPS) Tops Q2 EPS Views; Acquires CastleLine Holdings
July 23, 2015 8:06 AM EDTAltisource Portfolio Solutions (NASDAQ: ASPS) reported Q2 EPS of $2.62, $1.28 better than the analyst estimate of $1.34. Revenue for the quarter came in at $236.6 million versus the consensus estimate of $229.45 million.
The company also announced the acquisition of CastleLine Holdings, LLC ("CastleLine"), a specialty risk management and insurance services firm.
CastleLine is the leading provider of Certified Loan Insurance products designed to protect mortgage market participants against losses caused by mortgage underwriting... More
