Altisource(TM) Announces Completion of Spin-Off of Altisource Residential Corporation and Altisource Asset Management

Altisource(TM) Announces Completion of Spin-Off of Altisource Residential
Corporation and Altisource Asset Management Corporation

LUXEMBOURG, Dec. 24, 2012 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions
S.A. ("Altisource") (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
"AAMC Shares") complete the separation of Residential and AAMC from Altisource
and their transition to independent public companies.

The spin-offs were completed at the close of business on Friday, December 21,
2012, and the Residential Shares and AAMC Shares were electronically
distributed today to Altisource shareholders as of the record date, December
17, 2012, in the ratio of 1 Residential Share for every 3 Altisource shares
and 1 AAMC Share for every 10 Altisource shares.

The Residential Shares will trade on the NYSE under the symbol "RESI"
commencing today. The AAMC Shares will continue to trade on the OTCQX under
the symbol "AAMCV" and are anticipated to begin trading under the symbol
"AAMC" commencing December 26, 2012. Altisource common stock continues to
trade on the NASDAQ Global Select Market under the ticker symbol "ASPS."

Ashish Pandey, Chief Executive Officer of AAMC, said, "We are pleased to
complete the spin-offs from Altisource and look forward to establishing
Altisource Residential as a leading acquirer of single-family assets. We
believe the extensive industry experience of AAMC's management team in valuing
real estate and non-performing loan portfolios along with Residential's long
term service agreements with Ocwen Mortgage Servicing, Inc., a leading
mortgage loan servicer, and Altisource Solutions S.Á R.L., a leading provider
of real estate and mortgage portfolio management, asset recovery and customer
relationship management services, will support Residential's ability to
successfully acquire and manage single family real-estate portfolios."

William B. Shepro, Chief Executive Officer of Altisource stated, "We wish all
the best to Residential and AAMC as independent companies.While Residential
and AAMC are now separate public companies, our relationship does not end
here.We look forward to providing Residential and AAMC with high quality cost
efficient construction management, leasing and property management services as
they develop and grow a national rental portfolio."

As previously disclosed, the spin-offs will be treated as a taxable
distribution to Altisource shareholders. The holders of Altisource common
stock that received the distribution of Residential Shares and AAMC Shares in
the spin-offs are urged to consult their tax advisors concerning the effect of
any U.S. federal, state, local and federal tax laws on the distribution.

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. Altisource
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
Altisource's Form 10-K and other filings with the Securities and Exchange
Commission. 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.

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 assets by
purchasing sub-performing and non-performing mortgages as well as
single-family homes at or following the foreclosure sale. Additional
information is available at www.altisourceresi.com

About Altisource Asset Management Corporation

AAMC is an asset management company that provides portfolio management and
corporate governance services to investment vehicles that own real estate
related assets. Its initial client is Residential, a real estate investment
trust formed to acquire and own single family rental assets through the
purchase of sub-performing and non-performing mortgages as well as
single-family homes at or following the foreclosure sale. Additional
information is available at www.altisourceamc.com

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