Altisource Solutions reports form 10 registration for spin-offs effective Altisource Portfolio Solutions S.A. announced that in connection with its proposed spin-offs of Altisource Residential Corporation and Altisource Asset Management Corporation the SEC has declared effective Residential's Registration Statement on Form 10. In addition, the SEC has completed its review of AAMC's Registration Statement on Form 10 that has become effective by rule. The New York Stock Exchange has authorized the listing of the Residential Shares on the NYSE. Residential will trade under the symbol "RESI" following the spin-off. FINRA and the OTCQX Market have authorized the quotation of the AAMC Shares on the OTCQX. AAMC will trade under the symbol "AAMC" following the spin-off. There is no current market for the Residential Shares or the AAMC Shares.
Altisource acquires CastleLine Altisource announced the acquisition of CastleLine Holdings, a specialty risk management and insurance services firm. With the acquisition of CastleLine, Altisource strengthens its origination related offerings with products and services focused on mitigating risk in the origination, underwriting, purchase and securitization of residential mortgages and offers the opportunity to expand CastleLine's products and services into contiguous markets. CastleLine's leadership team will join Altisource.