Thursday, April 3, 2014

Altisource Portfolio Solutions: Facing An Attractive Conflict

Small-cap Insight


Summary
  • NY DFS case appears reaching but the stock and business could suffer short-term.
  • The company has plenty of plans to diversify business away from Ocwen reliance.
  • The stock appears cheap considering the regulation risks and growth potential.
After astonishing returns following a spin-off from Ocwen Financial Corporation (OCN) several years back, Altisource Portfolio Solutions (ASPS) shareholders face a surprising dilemma. The company that was benefiting in a way from government legislation that is pushing large financial institutions to sell mortgage-servicing rights now faces a government intent on limiting the growth going forward.

Read the full article at Seeking Alpha.


Disclosure: No positions mentioned. Please review the disclaimer page for more details. 



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