Transactions by ALTISOURCE PORTFOLIO SOL (ASPS) in the last 6 months

Altisource Portfolio Solutions S.A. (NasdaqGS:ASPS) entered into non-binding letters of intent to acquire certain fee-based businesses of Homeward Residential Holdings, Inc. and Residential Capital, LLC from Homeward Residential Holdings, Inc. and Ocwen Loan Servicing, LLC for approximately $220 million on January 31, 2013. The purchase price is subject to working capital and other adjustments. Under the letter of intent, the Homeward Residential fee-based businesses ... contemplates that Altisource will acquire from Ocwen all of the capital stock of Beltline Road Insurance Agency, Inc., Power Default Services, Inc., Power REO Management Services, Inc. and Power Valuation Services, Inc., the Mortgage Asset Recovery Special Services Division of Stratus Asset Management Group, LLC, and certain designated intellectual property and information technology assets related to Homeward Residential Holdings, Inc. In addition, Altisource will acquire from Ocwen certain fee-based businesses related to default management and charge-off services, designated intellectual property and information technology assets related to Ocwen's anticipated purchase of Residential Capital LLC's mortgage servicing platform. In connection with the proposed transactions, Altisource and Ocwen will execute a five-year extension until 2025 of certain existing services agreements. The consummation of the transactions is subject to a number of contingencies, including various third party and regulatory consents and approvals. The transaction is also subject to Ocwen's closing of the underlying acquisition of the mortgage servicing platform from Residential Capital LLC, which is expected later in February 2013. As on February 15, 2013, Altisource Portfolio completed the acquisition of certain assets of Residential Capital. As on March 29, 2013, Altisource Portfolio Solutions S.A entered into a purchase and sale agreement to acquire certain fee-based businesses of Homeward Residential Holdings, Inc. and Residential Capital, LLC from Homeward Residential Holdings, Inc. and Ocwen Loan Servicing, LLC. Bryan Cave, LLP acted as legal advisor for Altisource Portfolio Solutions S.A. Kramer Levin Naftalis & Frankel LLP acted as legal advisor for Ocwen Loan Servicing, LLC.
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