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YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Available on Our Website Our website can be found at www.altisourceamc.com. We make available, free of charge through the investor information section of our website, access to our annual reports o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Nominating Committee, our Corporate Governance Standards, Policy Regarding Majority Voting, and our Code of Ethics governing our directors, officers, and employees. Within the time period required b...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. part of this Annual Report on Form 10-K. Additionally, the SEC maintains a website that contains reports, proxy and information statements, and other information regarding issuers that file electro...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. those certifications as exhibits to this Annual Report on Form 10-K. Sarbanes-Oxley Act of 2002 The Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”) imposes a wide variety of regulatory requi...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , our management must prepare a report regarding its assessment of our internal control over financial reporting; and Pursuant to Item 308 of Regulation S-K and Rule 13a-15 of the Exchange Act, our ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. are in compliance therewith. Item 1A. Risk Factors The following risk factors and other information included in this Annual Report on Form 10-K should be carefully considered. Many of these risks ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. on, real estate-related and other assets we own or may acquire and could also negatively impact our business and financial results. Federal and state legislative and regulatory developments and the...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. our businesses, result in losses or limit our growth. We will be dependent on the terms of the lines of credit and access to the capital provided by the lines of credit could be restricted based on...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. operations and financial condition may be materially and adversely affected. Investing The nature of the assets we hold and the investments we make expose us to credit risk that could negatively i...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. not make payments of principal and interest relating to their mortgage loans on a timely basis, or at all, which could negatively impact our business. Changes in prepayment rates of mortgage loans ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to access financial leverage through warehouse and repurchase facilities, credit facilities, or other forms of debt financing may inhibit our ability to execute our business plan, which could have a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. A Shares, it could materially and adversely affect our ongoing business and liquidity. We are subject to the risks of securities laws liability and related civil litigation. An unidentified materi...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. in a delisting or a halt in the trading of our common stock. The market price and trading volume of our common stock may be volatile and may be affected by market conditions beyond our control. RI...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. economy. As a result, negative economic developments are likely to negatively impact our business and financial results. There are a number of factors that could contribute to negative economic dev...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. U.S. budget deficits and overall debt levels, including as a result of federal pandemic relief and stimulus legislation and/or economic or market and supply chain conditions, can put upward pressure...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to our business. Federal and state legislative and regulatory developments and the actions of governmental authorities and entities may adversely affect our business and the value of, and the retur...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. state laws and regulations. In some cases, the government or government-sponsored entities, such as Fannie Mae and Freddie Mac, directly participate in these markets. In particular, because issues ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. on, mortgages, mortgage-related securities, and other assets we own or may acquire in the future, which effects may be material. Ultimately, we cannot assure you of the impact that governmental act...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. capital and may make it difficult or impossible for us to obtain any required additional financing. We intend to borrow money from lenders to fund our origination and purchase of mortgage loans. T...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. increase our costs and expose us to new market risks and legal and regulatory requirements. These loans have different economic structures than our previous businesses and will require different str...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. comply with applicable laws and regulations without incurring undue costs and delays; and Our ability to successfully negotiate and enter into beneficial arrangements with our counterparties. In s...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. decide to wind down, liquidate and/or discontinue it. Such actions could negatively impact our relationships with our counterparties in those businesses, could subject us to litigation or regulatory...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. refinance them by entering into a new facility or issuing additional debt, which could result in higher borrowing costs, or issuing additional equity, which would dilute existing stockholders. We co...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. telecommunications failures, computer viruses, security breaches (through cyber-attacks from computer hackers and sophisticated organizations), catastrophic events such as fires, tornadoes and hurri...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. computer capabilities, new technologies, methods or other developments will detect or prevent security breaches and safeguard access to proprietary or confidential information. (table of contents) ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. otherwise resolve these issues. In addition, the costs of maintaining adequate protection and insurance against such threats, as they develop in the future (or as legal requirements related to data ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. particular breach or series of breaches of our systems may result in the unauthorized use, appropriation or loss of confidential or proprietary information on a one-time or continuing basis, which m...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. qualified employees. The loss of services of any of our key personnel for any reason, combined with our inability to identify and retain a suitable replacement for such person, could have a material...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. origination activities could have a material and adverse effect on our business, results of operations and financial condition. If we fail to develop, enhance and implement strategies to adapt to c...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and financial condition may be materially and adversely affected. RISKS RELATED TO OUR INVESTING STRATEGY The nature of the assets we hold and the expected investments we make could potentially ex...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. single- and multifamily rental housing; the outbreak of highly infectious or (table of contents) contagious diseases; natural disasters, the effects of climate change (including flooding, drought,...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. other actions by servicers. Weakness in the U.S. economy or the housing market could cause our credit losses to increase beyond levels that we currently anticipate. Credit losses on business purpos...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. should they occur - only after losses are borne by the owner of the property (e.g., by a reduction in the owner’s equity stake in the property). We may take actions available to us in an attempt to ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. impacted by numerous factors, including a downturn in its industry or other negative local or more general economic conditions. Deterioration in a borrower’s financial condition and prospects may be...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. cause a decline in the value of multifamily properties in that market. This, in turn, will increase the risk of delinquency, default, and foreclosure on real estate loans we may hold with properties...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. years, hurricanes have caused widespread flooding in Florida and Texas and wildfires and mudslides in northern and southern California have destroyed or damaged thousands of homes. Since certain nat...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. those losses could have a greater negative impact on our investment returns than unanticipated losses on more seasoned loans. The timing of credit losses could be affected by the creditworthiness of...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. prove to be insufficient, which would negatively impact our financial results and would result in decreased earnings. In addition, cash and other capital we hold to help us manage credit and other r...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Other changes or actions by judges or legislators regarding mortgage loans and contracts, including the voiding of certain portions of these agreements, may reduce our earnings, impair our ability t...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. borrowers have been negatively impacted by the pandemic and do not timely remit payments of principal and interest relating to their mortgage loans. In addition, if tenants who rent their residence ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. extent the economic impact of any such pandemic impacts local, regional or national economic conditions, the value of multifamily and residential real estate that secures multifamily and business pu...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Moreover, planned construction or rehabilitation of these properties may not be able to proceed on a timely basis or at all due to operating disruptions or government mandated moratoriums on constru...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. could reduce our ability to borrow against our assets and may cause market valuation adjustments for GAAP purposes, which could reduce our reported earnings. While we will estimate prepayment rates ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of the loan beyond the originally scheduled maturity. Because the decision to prepay or extend a business purpose loan is controlled by the borrower, (table of contents) we may not accurately anti...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. . Our hedging may not work effectively and we may change our hedging strategies or the degree or type of interest rate risk we assume. Some of the loans we may own or acquire may have adjustable-rat...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. use fixed rate debt to fund assets that have an adjustable interest rate), an interest rate mismatch could exist and we could, for example, earn less (and fair values could decline) if interest rate...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. losses could result. Higher interest rates could reduce mortgage originations, thus reducing our opportunities to acquire new assets. It can be difficult to predict the impact on interest rates of ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. strength of counterparties we transact business with, and the value of assets we hold. Any such adverse impacts could negatively impact the availability to us of short-term debt financing, our cost ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. secondary market of seasoned product from existing portfolios. In particular, assets we believe have a favorable risk/reward ratio may not be available for purchase (or origination by our business p...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. investment strategy or financing plans may increase our exposure to interest rate and default risk and real estate market fluctuations. Decisions to employ additional leverage could increase the ris...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to manage certain of the risks associated with acquiring, originating, holding, selling, and managing real estate loans. No amount of risk management or mitigation, however, can change the variable ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. flow from an asset will result in changes in our reported earnings on that asset in the current reporting period. We may be forced to recognize adverse changes in expected future cash flows as a cur...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and credit facilities, and other forms of short-term financing. We cannot assure you that we will be successful in establishing sufficient sources of short-term debt when needed. In addition, becau...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. access may not be available to us. Entering into hedging activities may subject us to increased regulation. Under the Dodd-Frank Act, there is increased regulation of companies that enter int...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. cost or decrease the availability to us of hedging transactions. Our results could be adversely affected by counterparty credit risk. We have credit risks that are generally related to the counter...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. settlement of positions, and segregation and minimum capital requirements applicable to intermediaries. Transactions entered into directly between parties generally do not benefit from those protect...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. attractive terms or at all. A material reduction in our financing sources or an adverse change in the terms of our financings could have a material adverse effect on our financial condition and resu...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. we may suffer losses if we must repurchase delinquent loans. In the event that one of our sub-servicers becomes insolvent or fails to perform, loan delinquencies and credit losses may increase, and ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. redeem an aggregate of $144.2 million liquidation preference of our Series A Shares in March 2020. If we are required to pay damages or redeem a portion of their Series A Shares, it could materially...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to redeem any of the Series A Shares under the Certificate, and, consistent with the exclusive forum provisions of our Third Amended and Restated Bylaws, we have filed a claim for declaratory relief...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Item 1. Business .” If Luxor were to prevail in its lawsuit, we may need to cease or curtail our business initiatives, and our liquidity could be materially and adversely affected. For more inform...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. insurance policies, which could have a material adverse effect on our earnings in one or more periods. The range of possible resolutions for any potential legal actions could include determinations ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. is responsible for establishing and maintaining adequate internal control over our financial reporting, as defined in Rule 13a-15(f) under the Exchange Act. There can be no assurance that material w...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. operated, is based upon certain assumptions and can provide only reasonable, not absolute, assurance that its objectives will be met. Further, no evaluation of controls can provide absolute assuranc...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , excluding cash items and securities issued by the federal government. While the Investment Company Act also has several exclusions and exceptions that we would seek to rely upon to avoid being deem...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. point in the future, our ability to continue pursuing our business plan would be severely limited. Failure to retain the tax benefits provided by the USVI would adversely affect our financial perfo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. benefits. It is possible that we may not be able to retain our qualifications for the EDC Benefits or that changes in U.S. federal, state, local or USVI taxation statutes or applicable regulations m...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. there are no definitive standards provided by the U.S. Internal Revenue Code, regulations or court decisions as to the specific activities that constitute being engaged in the conduct of a trade or ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. net investment income, regardless of its source; We may not be entitled to deduct certain expenses that would otherwise be deductible from the income subject to United States taxation; and We may ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. (i) 75% or more of our income constitutes “passive income” or (ii) 50% or more of our assets produce “passive income.” Passive income generally includes interest, dividends and other investment inco...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 10% stockholder must annually include his pro rata share of the CFC's “Subpart F income,” even if no distributions are made. Also, all capital gains from the sale of PFIC shares will be treated as or...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. a United States tax-exempt organization, you may recognize unrelated business taxable income with respect to our insurance-related income if a portion of our Subpart F income is allocated to you. In...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Act requires U.S. stockholders of CFCs to include in income, as a deemed dividend, the global intangible low-taxed income (“GILTI”) of the CFCs. The GILTI regime is designed to decrease the incentiv...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. future find ourselves subject to the GILTI rules, should the income of our CFCs no longer be entirely Subpart F income and be taxed at a foreign tax rate greater than 90% if the U.S. corporate incom...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. with certain positions we have taken and assess penalties or additional taxes. While we assess the likely outcomes of these potential audits, there can be no assurance that we will accurately predic...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. predict if, when or in what form such guidance will be provided and whether such guidance will have a retroactive effect. The impact of the initiative of the Organization for Economic Cooperation a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. from such additional requirements will subject us to additional taxes. Our cash balances are held at a number of financial institutions that expose us to their credit risk We maintain our cash and...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , the FDIC took control and was appointed receiver of Signature Bank, and on March 16, 2023, First Republic Bank received a commitment for a $30 billion deposit infusion, each case due primarily to l...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and financial condition. Our failure to meet the continued listing requirements of the NYSE American could result in a delisting or a halt in the trading of our common stock. We must continue to s...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. number of shareholders and the trading price of our common stock, are outside of our control. On November 30, 2021, the NYSE American halted trading in our common stock. Although the NYSE American...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. our common stock may fluctuate in response to many things, including but not limited to, the following: Variations in actual or anticipated results of our operations, liquidity or financial conditi...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. or investment community; General market, economic and political conditions, including an economic slowdown or dislocation in the global credit markets; Failure to maintain the listing of our commo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. There is no assurance that there will be sufficient buying interest to offset those sales, and, accordingly, the market price of our common stock could be depressed and/or experience periods of high...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of any company acquires knowledge of a corporate opportunity or is offered a corporate opportunity outside of his capacity as one of our Directors, then our Bylaws provide that such Director will be...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. with us, but there can be no assurance that will remain unchanged in the future. Item 1B. Unresolved Staff Comments None. Item 2. Properties We conduct our principal operations through leased of...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. litigations and arbitrations presently in process, our litigation expenses may remain high. Refer to Note 1 and Note 7 to our consolidated financial statements. Item 4. Mine safety disclosures ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 671,467 shares held as treasury stock). The number of beneficial stockholders is substantially greater than the number of holders as a large portion of our stock is held through brokerage firms. Info...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of capital, general overall economic conditions and other factors. We paid no dividends from inception through December 31, 2022. Issuer Purchases of Equity Securities In March 2014, the Board of ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. million remaining that is authorized by our Board of Directors for share repurchases. Repurchased shares are held as treasury stock and available for general corporate purposes. No repurchase plan h...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Company's equity compensation plans, these shares were withheld by the Company to satisfy the tax withholding obligation for those individuals who elected this option in connection with the vesting ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. The following discussion contains certain forward-looking statements that involve risks, uncertainties and assumptions. Our actual results could differ materially from the results contemplated from ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. for all periods presented in the accompanying financial statements, have been reclassified to conform to the current year presentation. See Note 3 to our accompanying consolidated financial statem...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Fulbright LLP, a global law practice, were engaged to provide due diligence, legal and valuation expertise to assist in our search. On an interim basis in 2021, the Company invested in REIT equity ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and acquired alternative loans through forward commitment and repurchase contracts; Leverage senior management’s expertise in this space; and Utilize AAMC’s existing operations in India to drive c...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. service coverage ratio type loans; Special Purpose Credit Programs: loans to extend special purpose credit to applicants who meet certain eligibility requirements such as credit assistance programs...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. on the significant increase in demand for these products. In our view, the tightening of credit and lending requirements on traditional residential loan products, as well as macro-economic changes, ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. held for sale and investment, along with other ancillary fees earned from the loan portfolio. Expenses Our expenses consist primarily of salaries and employee benefits, legal and professional fees...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. expense related to restricted stock awards to our Directors. Servicing and asset management expenses include loan commissions. Acquisition charges reflect professional fees incurred solely for the...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2022 and 2021. Our results of operations for the periods presented are not indicative of our expected results in future periods. For discussion that compares our results of operations for the years...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ended December 31, 2022. No loan interest income was earned in 2021, as we had not developed said lines of business at that time. Loan Fee Income Loan fee income was $0.4 million for the year end...