Altisource(TM) Announces Effectiveness of Form 10 Registration Statements for Spin-Off of Altisource Residential Corporation and

Altisource(TM) Announces Effectiveness of Form 10 Registration Statements for
Spin-Off of Altisource Residential Corporation and Altisource Asset Management
Corporation; Confirms Record Date of December 17, 2012; Expects to Complete
Spin-Offs on or about December 21, 2012

LUXEMBOURG, Dec. 12, 2012 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions
S.A. ("Altisource") (Nasdaq:ASPS) announced today that in connection with its
proposed spin-offs of Altisource Residential Corporation ("Residential") and
Altisource Asset Management Corporation ("AAMC") the Securities and Exchange
Commission (the "SEC") has declared effective Residential's Registration
Statement on Form 10. In addition, the SEC has completed its review of AAMC's
Registration Statement on Form 10 that has become effective by rule.

The Information Statements for Residential and AAMC will be mailed to
Altisource's shareholders of record shortly after the record date for the
spin-offs which has been set at 5:00 p.m. EST on December 17, 2012 (the
"Record Date"). The Information Statements contain detailed information about
each of Residential and AAMC as well as the spin-offs.

Altisource has scheduled the spin-offs to be completed after the close of
trading on or about December 21, 2012 (the "Distribution Date") through a pro
rata dividend of all the outstanding shares of Residential Class B common
stock (the "Residential Shares") and AAMC common stock (the "AAMC Shares").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.

The New York Stock Exchange ("NYSE") has authorized the listing of the
Residential Shares on the NYSE. Residential will trade under the symbol "RESI"
following the spin-off. FINRA and the OTCQX Market ("OTCQX") have authorized
the quotation of the AAMC Shares on the OTCQX.AAMC will trade under the
symbol "AAMC" following the spin-off. There is no current market for the
Residential Shares or the AAMC Shares.

As previously disclosed, Altisource has been advised that the Residential
Shares and the AAMC Shares are expected to begin trading on a "when-issued"
basis on or about December 13, 2012 under the symbols "RESI WI" and "AAMCV,"
respectively. On the Distribution Date, the "when issued" trading for the
Residential Shares and AAMC Shares is scheduled to end and "regular-way"
trading is scheduled to begin on December 24, 2012 under the ticker symbols
"RESI" and "AAMC," respectively.

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. In addition, the
distribution of the Residential Shares and AAMC Shares in the spin-offs is
expected to be taxable. 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 before the
Distribution Date and the effect of any U.S. federal, state, local and federal
tax laws.

No action or payment is required by Altisource's shareholders to receive their
Residential Shares and AAMC Shares in the spin-offs. Holders of Altisource
shares on the Record Date will receive a book-entry account statement
reflecting their ownership of Residential Shares and AAMC Shares, or their
brokerage account will be credited with the appropriate Residential Shares and
AAMC Shares. As previously disclosed, fractional Residential Shares and AAMC
Shares will not be distributed to Altisource shareholders, but instead will be
aggregated and sold with the cash proceeds being distributed pro rata to the
holders who would otherwise have received fractional shares in the
distribution.

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.

About Altisource Residential Corporation

Residential is engaged in the acquisition and ownership of single-family
rental assets. Its primary sourcing strategy is to acquire these assetsby
purchasingsub-performing and non-performing mortgages as well as
single-family homes at or following the foreclosure sale. Residential is
managed by AAMC, which has a management team with extensive industry
experience in real estate, non-performing loan portfolios and mortgage loan
servicing.

About Altisource Asset Management Corporation

AAMC is an asset management company that was formed to provide portfolio
management and corporate governance services to Real-Estate Investment Trusts
("REITS") and other real-estate portfolio-driven entities. AAMC is focused on
providing scalable investment strategies and governance services for its
clients by leveraging the significant industry expertise of its management
team. Its initial principal client is Residential, a REIT formed to acquire
and own single family rental assets through the purchase of sub-performing and
non-performing mortgages.

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