Altisource Asset Management (AAMC) Reports Q4 Loss of $2.31/sh
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Altisource Asset Management Corporation Reports Fourth Quarter and Full Year 2022 Results
March 23, 2023 8:05 AM EDTCHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)-- Altisource Asset Management Corporation (AAMC or the Company) (NYSE American: AAMC) today announced financial and operating results for the fourth quarter and full year of 2022.
Fourth Quarter 2022 Highlights and Recent Developments
Entered into forward contracts to sell alternative credit products to two of the US's largest institutional counterparties that manage insurance and credit money assets on January 31, 2023. The organizations have over $50 billion and $15 billion in assets under management. Earned $2.5 million from loan interest and fee income during the fourth quarter of... More