More Erbey resignations in wake of Ocwen settlement

|By:, SA News Editor

He's stepping down as both board member and chairman of Altisource Asset Management (NYSEMKT:AAMC), effective Jan. 16, with CEO Ashish Pandey appointed to replace.

It's the same as Alitsource Portfolio Solutions (NASDAQ:ASPS), and he'll be replaced by board member Timo Vatto.

At Altisource Residential (NYSE:RESI), Erbey will be replaced by board member David Reiner.

All the resignations, in addition to those at Ocwen Financial and Home Loan Servicing, are part of a consent order entered into with the NY Department of Financial Services.

Previously: Ocwen tumbles as Erbey exits (Dec. 22, 2014)

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