Revenue during the quarter plunged 78.44 percent to $5.20 million from $24.14 million in the previous year period.

Total expenses were $6.41 million for the quarter, down 93.50 percent or $92.33 million from year-ago period. Operating margin for the quarter stood at negative 23.25 percent as compared to a negative 309.03 percent for the previous year period.

Operating loss for the quarter was $1.21 million, compared with an operating loss of $74.61 million in the previous year period.

"Over the past year, we generated substantial growth for RESI's SFR portfolio, ensured the continued improvement of RESI's rental operating metrics and managed RESI's divestiture of legacy loan and REO assets in favor of productive single-family rental properties," stated chief executive officer George Ellison. "Our long-term view remains that AAMC’s ultimate success and profitability will be directly attributable to our continued success in executing on RESI's stated business objectives."

Net receivables were at $5.27 million as on Dec. 31, 2016, down 98.55 percent or $358.10 million from year-ago.

Investments stood at $17.93 million as on Dec. 31, 2016, down 98.13 percent or $942.60 million from year-ago.

Total assets plunged 97.39 percent or $2,452.85 million to $65.75 million on Dec. 31, 2016. On the other hand, total liabilities were at $8.69 million as on Dec. 31, 2016, down 99.33 percent or $1,296.00 million from year-ago.

Return on assets for the quarter stood at negative 2.53 percent as compared to a negative 0.85 percent for the previous year period.