Altisource Residential (RESI) Reports Q1 Loss of $0.92/Share

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Go back to Altisource Residential (RESI) Reports Q1 Loss of $0.92/Share

Altisource Residential Corporation Reports First Quarter 2017 Results; Progress Continues on Growth, Operating and Disposition Objectives

May 9, 2017 7:30 AM EDT

CHRISTIANSTED, U.S. Virgin Islands, May 09, 2017 (GLOBE NEWSWIRE) -- Altisource Residential Corporation (RESI or the Company) (NYSE: RESI) today announced financial and operating results for the first quarter of 2017.

First Quarter 2017 Highlights and Recent Developments

Entered into definitive agreement to purchase up to 3,500 rental homes with seller financing from two entities sponsored by Amherst Holdings, LLC and closed the acquisition of the first 757 properties under the agreement.1Completed sale of 556 mortgage loans to a third party.Awarded sale of up to 2,384 mortgage loans with... More