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Altisource Portfolio Solutions S.A. (ASPS)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

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Visitors trend2W10W9M

12.33

+0.80

(+6.94%)

At close: 04:00PM EDT

12.49

+0.16

(+1.30%)

After hours:

06:32PM EDT

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B
This seems to trade with the broader Indexes rather than on the merit of foreclosures/mortgage failures.
R
Read This:
https://www.zerohedge.com/markets/lets-tap-brakes-americas-largest-landlords-pull-back-home-buying-spree
R
Roughly 60,000 home deals fell through in June in the US, equal to 15% of homes that entered into contract.
6:01 PM · Jul 16, 2022
R
https://twitter.com/AlessioUrban/status/1548347539807580160?s=20&t=ex5JcGvrW28qTVtZQIBAFg
R
https://www.youtube.com/watch?v=7FzRdqb5BmA
Housing Bubble 2.0 - Foreclosure Filings Now at Pre-Pandemic Levels - What About All That Equity ?
www.youtube.com
R
Not gonna get it at A better price.
j
A computer quod est fere humana http://dataunion.tistory.com/10671 But, too many people speak twice before they think.
s
Black Knight

LARGEST WEEKLY FORBEARANCE DECLINE IN 12 MONTHS
By Andy Walden

We’ve been waiting for a sizable drop in the number of active forbearance plans, given the large number of plans both marked for either review (for extension/removal) or final expiration in September.

Well, this week has brought the first real signs of that. In fact, according to our McDash Flash daily forbearance tracking dataset, the population dropped by 11% since last Tuesday, marking the largest weekly decline in 12 months.

The number of active forbearance plans fell by 177,000 this week with declines seen across all investor classes, led by an 84,000 plan drop among FHA/VA loans. Plans among GSE loans and those held in bank portfolios and private label securities also fell, seeing 50,000 (-11%) and 43,000 (-8%) declines respectively.

As of October 5, 1.39 million mortgage holders remain in COVID-19 related forbearance plans, representing 2.6% of all active mortgages, including 1.4% of GSE, 4.3% of FHA/VA and 3.6% of portfolio held and privately securitized loans.

Overall, forbearances have declined by 294,000 (-17%) over the past 30 days, the fastest monthly rate of improvement since October 2020. Plan exits surged then as the first wave of forbearance entrants reached their six-month mark. The folks who’d remained are now reaching the end of their allowable terms.

There are still more than 180,000 plans with September month-end review dates. Keep in mind that this data only covers the last business day in that month and the first three in October. Additional exits are likely in coming weeks as well as servicers continue to work through the large volumes of expirations
B
I have magical powers. When I buy stock, it automatically goes down.
R
Approximately 850,000 borrowers will exit forbearance in August – October 2021, and because of strong price appreciation and very few loans with negative equity, open market sales are a realistic option for the majority of distressed borrowers.
Bullish
T
That line of credit really helped out. I’m in the green! Don’t need to keep a watchful eye on this for some time. Just gonna let this investment sit and see what comes of it.
M
Im bullish long term but what made the price action to 10$ ?
g
hello darkness my old friend....
H
Starting to get second thoughts on my position in asps. Fed will keep the “COVID” relief packages rolling for the next 3 years
Neutral
R
ASPS IS PART OF THE WEALTH TRANSFER PLAY. THE WEALTHY WANT IT ALL. ASPS IS RIGHT IN THE MIDDLEOF IT. THERE WILL BE NO FEDERAL PROGRAM WHAT SO EVER FOR DELINCUENT MORTGAGES. INSTITUTION & MUTUAL FUNDS KEEP ON BUYING ASPS. WHY?
R
Technical breakdown @asps .. won't know when this would recover. We had a nice uptrend but that's gone for the moment. Broke through critical support today as well like these months before. I sold when it broke the uptrend a week or so ago
R
people using unemployment checks with their stimulus checks to pay rent and to pay their mortgage. states are canceling unemployment checks. employers cant find workers. lets see what this causes. its coming. little by little.
A
Now with another eviction moratorium and mortgage forbearance (plus CFPB pressure on mortgage service companies to "find solutions" to keep homeowners in homes), what are the catalysts going forward for ASPS. I'm bullish, but worried that even an uptick in housing supply may not be enough to push this up. Any ideas?
Bullish
T
I’m averaged in at 10, thinking of buying more, thoughts?
J
All aboard
Bullish