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Stock Market & Financial Investment News

News Breaks
February 20, 2014
08:22 EDTRESIAltisource Residential announces 8c special dividend
The company will pay this dividend on March 10, to all stockholders of record as of the close of business on March 3.
News For RESI From The Last 14 Days
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March 3, 2015
07:10 EDTRESIAltisource Residential shares oversold, says JMP Securities
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March 2, 2015
08:22 EDTRESIAltisource Residential reports Q4 EPS 72c, consensus 61c
Altisource Residential (RESI) reports Q4 revenue $122.2M, consensus $97.88M. CEO Ashish Pandey commented, "During 2014, we demonstrated continued success executing our nonperforming loan and single family rental strategies. Despite the negative headlines surrounding our primary mortgage servicer Ocwen (OCN), our performance has remained strong. We continue to make progress building our portfolio of single family rental homes and resolving NPLs at attractive returns. The strength of our business strategy was further reinforced by our continued ability to access debt capital on favorable terms during the fourth quarter, as we executed our second NPL securitization transaction, amended our repurchase facilities on favorable terms and sold senior bonds retained from our November 2014 securitization in February of 2015."

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