Altisource asset management corporation provides financial update

Christiansted, u.s. virgin islands, sept. 20, 2022 (globe newswire) -- altisource asset management corporation (nyse: aamc) announced today that it has recognized approximately $1.1 million of total revenue in the first two months of the third quarter 2022. this is more than double the total revenue reported for the 2022 second quarter. this increase was driven primarily by the growth in our residential transitional (‘private credit”) loan portfolio to approximately $99 million at the end of august 2022. if the company does not sell any loans prior to september 30, 2022, the company estimates it will recognize approximately $1.8 million in total revenue for the third quarter of 2022.
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