Hubzu operator Altisource plans reverse split to avoid delisting

Real estate and mortgage services provider has racked up $363 million in cumulative losses and ended the first quarter with $30.8 million of cash and cash equivalents following a $232.8 million debt restructuring. Continue reading

Altisource sees rise in foreclosures as a path to profitability

The operator of real estate auction platform Hubzu reports a $53.4 million 2022 net loss, with revenue falling 15 percent to $144.5 million. Continue reading

Hubzu operator Altisource raising money in public stock offering

The debt-burdened company notified regulators in December of plans to raise up to $100 million through a public stock offering. Continue reading