Altisource Residential (RESI) Misses Q3 EPS Views
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Altisource Residential Corporation's Rental Portfolio More Than Doubles as Strategic Transition Accelerates
November 9, 2015 8:02 AM ESTCHRISTIANSTED, U.S. Virgin Islands, Nov. 09, 2015 (GLOBE NEWSWIRE) -- Altisource Residential Corporation (Residential or the Company) (NYSE: RESI) today announced financial and operating results for the third quarter of 2015.Â
Third Quarter 2015 Highlights:
Increased rental portfolio to 2,516 homes as of September 30, 2015, including 2,105 rented properties, 156 properties listed for rent and 255 properties under leasehold renovation and unit turn, representing an increase of 156% over the 984 properties in the rental portfolio as of June 30, 2015.Agreed to sell 871 non-performing loans at balance sheet carrying value; unpaid principal balance (UPB) of loans to... More