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More on RESI's Q1

Published 05/09/2017, 08:37 AM
© Reuters.  More on RESI's Q1
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  • The transformation into a pure-play owner of single-family rentals continues. During Q1, RESI agreed to the purchase of up to 3.5K rental homes and has closed on 757 of those.
  • Also closed was the sale of 556 mortgages to a third party. The company also awarded the sale of up to 2,384 loans with aggregate UPB of $574.4M to a third party.
  • Also sold were 413 non-rental REO properties.
  • $2.3M worth of stock bought back during quarter, bringing total repurchases to $48.9M.
  • Conference call is just getting underway.
  • Previously: Altisource Residential misses by $0.58, misses on revenue (May 9)
  • Shares flat premarket
  • Now read: Hercules Capital: External Management Analysis


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