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Altisource Announces Intention to Raise Senior Secured Term Loan

Altisource Announces Intention to Raise Senior Secured Term Loan

LUXEMBOURG, Nov. 1, 2012 (GLOBE NEWSWIRE) -- In its recent investor call and
Quarterly Report on Form 10-Q, Altisource™ (Nasdaq:ASPS) discussed its
intention to borrow $200 million, subject to market and other conditions.
Altisource is in the process of negotiating a $200 million Senior Secured Term
Loan ("SSTL") with a syndicate of lenders, the net proceeds of which are
expected to be used to capitalize Altisource Residential Corporation and
Altisource Asset Management Corporation prior to their separation from
Altisource, and for general corporate purposes including potential
acquisitions. Altisource currently expects to close the SSTL in November. The
Company noted further that notwithstanding the current intention to incur
debt, there can be no assurance that sufficient debt capacity will be
available as needed on terms acceptable to the Company.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number
of risks and uncertainties. Those forward-looking statements include all
statements that are not historical fact, including statements about
management's beliefs and expectations. Forward-looking statements are based on
management's beliefs as well as assumptions made by and information currently
available to management. Because such statements are based on expectations as
to future economic performance and are not statements of historical fact,
actual results may differ materially from those projected. The Company
undertakes no obligation to update any forward-looking statements whether as a
result of new information, future events or otherwise. The risks and
uncertainties to which forward-looking statements are subject include, but are
not limited to: Altisource's ability to retain existing customers and attract
new customers; general economic and market conditions; governmental
regulations, taxes and policies; availability of adequate and timely sources
of liquidity and debt financing; and other risks and uncertainties detailed in
the "Forward-Looking Statements," "Risk Factors" and other sections of the
Company's Form 10-K and other filings with the Securities and Exchange
Commission.

About Altisource 

Altisource Portfolio Solutions S.A. (Nasdaq:ASPS) is a global provider of
services focused on high-value, technology-enabled knowledge-based solutions
principally related to real estate and mortgage portfolio management, asset
recovery and customer relationship management. Additional information is
available at www.altisource.com.

CONTACT: FOR FURTHER INFORMATION CONTACT:
        
         Michelle D. Esterman
         Chief Financial Officer
         T:  +352 2469 7950
         E:  michelle.esterman@altisource.lu
 
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