INVESTOR ALERT: Investigation of Altisource Residential Corporation Announced by Glancy Binkow & Goldberg LLP

LOS ANGELES--(BUSINESS WIRE)--

Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of Altisource Residential Corporation (“Altisource Residential” or the “Company”) RESI concerning possible violations of federal securities laws. The investigation is focused on certain statements issued by Altisource Residential concerning the Company's business and financial condition.

Please contact Lesley Portnoy at 888-773-9224 or 310-201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

Altisource Residential, through its wholly-owned subsidiary, Altisource Residential, L.P., is engaged in acquiring, owning and managing single-family rental properties in the United States. On December 22, 2014, Altisource Residential shares dropped $1.37 below their previous closing price after the Company announced that William C. Erbey would be stepping down as Chairman of the Board of Directors of Altisource Residential effective January 16, 2015. Erbey also stepped down from his post as executive chairman of Ocwen Financial Corporation following an investigation by New York State regulatory authorities that alleged conflicts of interests involving financial transactions involving Ocwen and related companies with financial ties to Ocwen, including Altisource Residential, Altisource Portfolio Solutions S.A. and Home Loan Servicing Solutions, Ltd. (HLSS).

On January 23, 2015, Forbes reported that BlueMountain Capital Management delivered a notice of default against HLSS Servicer Advance Receivables Trust on the notes BlueMountain Capital owns that were issued in connection the Trust, citing Ocwen's regulatory problems, among other recent actions, that “materially increase the risk of loss on the Notes that are collateralized by receivables affected by Ocwen's standing as a servicer.” Following this news, shares of Altisource Residential dropped more than 7% in intraday trading on January 23, 2015.

If you purchased Altisource Residential shares, if you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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