Wednesday , 13 January 2021

Altisource Shares Rise as CEO Reassures Firm’s Investors

By Tory Barringer

In a conference call hosted ahead of Altisource’s fourth-quarter earnings release, CEO William Shepro acknowledged that 2014 was “a trying time” for the firm’s investors and employees as shares plunged nearly 80 percent. The company’s troubles last year can be traced to its relationship with Ocwen Financial Corp., which has faced a growing amount of scrutiny from federal and state regulators related to its growth and operations.

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