Altisource Completes Spin-Off of Altisource Residential Corporation and Altisource Asset Management Corporation

Altisource Portfolio Solutions (NASDAQ: ASPS ) today announced the successful consummation of its previously announced spin-offs of Altisource Residential Corporation ("Residential") and Altisource Asset Management Corporation ("AAMC"). The spin-offs and the distribution to Altisource's shareholders of Residential Class B common stock (the "Residential Shares") and AAMC common stock (the