<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2015-02-17</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001555074</issuerCik>
        <issuerName>Altisource Asset Management Corp</issuerName>
        <issuerTradingSymbol>AAMC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001634612</rptOwnerCik>
            <rptOwnerName>Ellison George G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>402 STRAND STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>FREDERIKSTED, ST. CROIX</rptOwnerCity>
            <rptOwnerState>VI</rptOwnerState>
            <rptOwnerZipCode>00840-3531</rptOwnerZipCode>
            <rptOwnerStateDescription>VIRGIN ISLANDS, U.S.</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>1</isOfficer>
            <officerTitle>Chief Executive Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>44132.0000</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Restricted shares of common stock issued pursuant to a Restricted Stock Award dated February 17, 2015.  Vesting is in three tranches triggered upon the achievement of AAMC performance hurdles reflected in the Company's Form 8-k filed with the SEC on February 19, 2015.  After the performance hurdles for each tranche have been achieved, 25% of that tranche will vest on each of the first four anniversaries of the date the performance hurdles for that tranche were met.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Edwina Bernita Robinson, Attorney-in-Fact</signatureName>
        <signatureDate>2015-02-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
