Altisource REIT steps towards NPL securitization

Credit Suisse
By Matthew Scully
17 Jun 2014

Real estate investment trust Altisource Residential is ramping up its credit facilities in a bid to securitize a pool of non-performing loans, which could be packaged and sold this year.

Altisource Residential, a REIT subsidiary of Altisource Residential Corporation, disclosed in a public filing a temporary extension to its borrowing limit under a repurchase facility with Credit Suisse. The firm will now have a borrowing capacity of up to $375m through the facility, up from $200m, until October ...

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