Luxembourg, October 8, 2019 - Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it decided to wind down and close’s operations. The Company believes that closing supports its simplification strategy, eliminates the cash burn associated with this earlier stage business, and increases focus on the core real estate and mortgage businesses.

" has been making encouraging progress in demonstrating that a better consumer real estate model based on technology and service may be viable," said William B. Shepro, Altisource’s Chairman and Chief Executive Officer. Shepro further commented, "However, as we continue to work to simplify Altisource and focus on our larger opportunities, we concluded that closing is in Altisource’s best interests given the time horizon and level of additional investments needed in order for to operate independently. I am proud of the very talented and dedicated team and want to thank them for their contributions."

Help is available for home buyers.

You may qualify for a government program to help make your home ownership dreams a reality. Although some federal programs are limited by income, you may be able to receive grants for repairs and renovations.


There are two programs to consider:

Federal Housing Authority
Federal Housing Authority (FHA)

Enables first-time buyers to make a lower down payment


  • Backed by the Federal Housing Authority
  • Requires two kinds of mortgage insurance premiums
  • Qualify with a lower credit score
Veterans Affairs
Veterans Affairs (VA)

Offers substantial cost savings and relaxed qualification standards to military home buyers and select spouses

VA :

  • Offers competitive interest rates without the need to pay a mortgage insurance premium
  • No down payment and relaxed credit standards
  • Guaranteed by the Veterans Administration
Get Guidance

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A homebuyer education course is the first step to understanding the financial process for first-time homebuyers. Homebuying education, although not required, can be beneficial in a number of ways, especially if you're a self-reliant buyer.

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Buying your first house is a major investment that will most likely require you to take out a loan. By spending your pennies wisely, you'll set yourself up for longstanding happiness once you've received the keys to your new home. In order to stay on the right track, here are five financial tips to keep in mind.

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