Altisource Is Another Badly Bleeding Mortgage Bank Servicer … Run Away FAST!
The Mortgage Segment is dead. Altisource was a $170 stock about 36 months ago. It has crashed and is bleeding profusely. Avoid Altisource and Ocwen … the worst performing mortgage bank servicers. It will get worst before it gets better. If either of these firms is in your pay chain … you could get screwed.
Exercise Plan #18. Run like hell!