ALTISOURCE ASSET MANAGEMENT CORP : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

On August 2, 2022, Altisource Asset Management Corporation ("Altisource") and a
wholly owned subsidiary, Grapetree Lending LLC ("Grapetree," and together with
Altisource, the "Company") entered into that certain Master Repurchase Agreement
with Flagstar Bank FSB ("Flagstar"), a federal savings bank, as a buyer and
administrative agent, Grapetree, as the seller, and Altisource, as guarantor, in
which the Company established a $50 million line of credit ("the Line").
Altisource additionally entered into a Guaranty Agreement dated August 1, 2022,
in favor of Flagstar, guaranteeing the repayment and performance of the
obligations under the Line. The Company will use the proceeds from the Line to
fund the acquisition and origination of business purpose loans (the "Loans")
secured by residential, multifamily and certain commercial properties. Flagstar
will have a security interest in the Loans subject to a transaction under the
Line. The Line's maturity is 364 days from the execution date.

The Line accrues price differential at a base 1-Month Term SOFR rate plus a
spread dependent upon the type of Loan subject to a transaction. Price
differential is payable monthly. The Line also charges a fee on the unused
portion of the $50 million if the average outstanding balance of the Line is
less than a threshold level of the total commitment.

The Line provides for certain affirmative and negative covenants applicable to
the Company and its subsidiaries. The Company is required to maintain financial
covenants including specified levels of: 1) quarter-end tangible net worth; 2)
quarter-end liquidity; and 3) a quarter-end ratio of total liabilities to
tangible net worth. The Line also contains events of default (subject to certain
materiality thresholds and grace periods), including payment defaults, breaches
of covenants and representations and warranties, cross defaults, bankruptcy or
insolvency proceedings and other events of default which are customary for this
type of transaction. The remedies for such events of default include the
acceleration of the principal amount outstanding under the Line and the
liquidation of Loans subject to a transaction.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement of a Registrant

The information required by this Item 2.03 is contained in Item 1.01 above and
is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                                              Description

       99.1              Press Release of Altisource Asset Management

Corporation, dated August 4,

                         2022.
       101               Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in
                         Inline XBRL (Inline eXtensible Business Reporting Language).
       104               Cover Page Interactive Data File (embedded within

the Inline XBRL document).

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