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Altisource (TM) Sets Record Date of December 17, 2012 for Spin-Off of Altisource Residential Corporation and Altisource Asset

Altisource (TM) Sets Record Date of December 17, 2012 for Spin-Off of
Altisource Residential Corporation and Altisource Asset Management
Corporation; "When-Issued" Trading to Begin on or About December 13, 2012

LUXEMBOURG, Dec. 6, 2012 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions
S.A. ("Altisource") (Nasdaq:ASPS) announced today that it has set a record
date of 5 p.m. EST on December 17, 2012 (the "Record Date") for the spin-off
of Altisource Residential Corporation ("Residential") and Altisource Asset
Management Corporation ("AAMC").

Altisource expects to complete the spin-off of Residential and AAMC at 5 p.m.
EST on or before December 31, 2012 (the "Distribution Date") through a pro
rata dividend of all the outstanding shares it holds of Residential Class B
common stock (the "Residential Shares") and AAMC common stock (the "AAMC
Shares") to its shareholders of record on the Record Date. On the Distribution
Date, each Altisource shareholder will receive one Residential Share for every
three shares of Altisource common stock held by such shareholder on the Record
Date and one AAMC Share for every ten shares of Altisource common stock held
by such shareholder on the Record Date.

Altisource expects the Residential Shares and AAMC Shares to begin trading on
a "when-issued" basis on the New York Stock Exchange (the "NYSE") and the
OTCQX Market, respectively, on or about December 13, 2012. Holders of
Altisource common stock who sell their Altisource shares before the
ex-distribution date, which will be set by NASDAQ, will forego entitlement to
the Residential Shares and the AAMC shares in the spin-off.

On the first trading day after the Distribution Date, the Residential Shares
are expected to trade on the NYSE under the ticker symbol "RESI," the AAMC
Shares are expected to trade on the OTCQX Market under the ticker symbol
"AAMC" and Altisource shares will continue trading on the NASDAQ Global Select
Market under the ticker symbol "ASPS."

No action is required by Altisource's shareholders to receive their
Residential Shares or AAMC Shares. Fractional Residential Shares and AAMC
Shares will not be distributed to Altisource shareholders. Instead, the
fractional shares will be aggregated and sold in the open market, with the net
proceeds distributed pro rata in the form of cash payments to Altisource
shareholders who would otherwise hold fractional Residential Shares and AAMC
Shares.

The distribution of the Residential Shares and AAMC Shares is subject to the
satisfaction or waiver of certain conditions, including the SEC declaring
effective the Registration Statement on Form 10 filed by Residential, the
completion of the SEC's review of the Registration Statement on Form 10 filed
by AAMC, the authorization by the New York Stock Exchange and the OTCQX for
trading of Residential and AAMC, respectively, and other conditions described
in the Forms 10. Altisource currently anticipates that all conditions to the
spin-offs will be satisfied on or before the Distribution Date.

Altisource shareholders are urged to consult their financial advisors and tax
advisors regarding the particular consequences of the distribution in their
situation, including, without limitation, the specific implications of selling
Altisource common stock on or prior to the Distribution Date and the
applicability and effect of any U.S. federal, state, local and foreign tax
laws.

Forward-Looking Statements

This press release contains a number of forward-looking statements. Words and
variations of words such as "expect," "will," and similar expressions are
intended to identify our forward-looking statements, including but not limited
to, the completion of the spin-offs, timing of "when-issued" and
"ex-distribution" trading and conditions to distribution of Residential Shares
and AAMC Shares. These forward-looking statements are subject to a number of
risks and uncertainties, many of which are beyond our control, which could
cause our actual results to differ materially from those indicated in our
forward-looking statements. Such factors include, but are not limited to, our
failure to successfully separate Residential and AAMC, weakness in economic
conditions and tax law changes. Please also see our risk factors, as they may
be amended from time to time, set forth in our filings with the SEC, including
our most recently filed Annual Report on Form 10-K and subsequent reports on
Forms 10-Q and 8-K. Please also see the risk factors of Residential and AAMC,
as they may be amended from time to time, set forth in their filings with the
SEC, including their Registration Statements on Form 10 and subsequent reports
on Forms 10-K, 10-Q and 8-K. Altisource disclaims and does not undertake any
obligation to update or revise any forward-looking statement in this press
release, except as required by applicable law or regulation.

About Altisource

Altisource 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: Michelle D. Esterman
         Chief Financial Officer
         T:  +352 2469 7950
         E:  michelle.esterman@altisource.lu