Altisource Releases Annual Report on the State of the Default Servicing Industry
Altisource Portfolio Solutions S.A. (ASPS)
Last altisource portfolio solutions s.a. earnings: 4/30 06:59 am
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Source: GlobeNewswire
94 percent of servicing professionals indicated their organization is likely to select a single-vendor that provides multiple services LUXEMBOURG, Jan. 23, 2020 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider of real estate, mortgage and technology services, today released its 2020 report, “The State of the Default Servicing Industry.” The report highlights results from the fourth annual Default Servicing Survey, a survey of 200 mortgage default servicing professionals conducted in 2019. The overall U.S. delinquency rate is at an all-time low at 3.6 percent.1 However, despite the historically low delinquency rates, servicing professionals expect the rates for certain loan types to grow — specifically FHA and private lender loans. Of the servicing professionals surveyed, 90 percent (up from 87 percent in 2018) cited that their organization currently services FHA loans; 80 percent (up from 72 percent in 2018)
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Sec Filings
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- 4/25/24 - Form 10-Q
- 4/17/24 - Form DEF
- ASPS's page on the SEC website