Altisource Releases Report on the State of the Originations Industry
Last altisource portfolio solutions sa earnings: 4/30 06:59 am
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US:NASDAQ Investor Relations: ir.altisource.com/investor-relations
LUXEMBOURG, Jan. 22, 2019 (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 2018 report, “The State of the Originations Industry.” The report showcases results from the annual Origination Solutions Survey, a survey of over 200 decision makers in the mortgage origination business. Mortgage origination professionals (29 percent) cited increased purchase business competition as the biggest challenge in today’s mortgage market; 25 percent said margin compression due to regulatory mandates and 24 percent pointed to elevated interest rates. With the increased purchase business competition, there are fewer loan transactions for which to compete. This is primarily driven by a tightened inventory of existing and new construction, which helped drive home price appreciation. The combination of higher interest rates and higher home prices has impacted
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