Front Yard Residential Corporation agreed to acquire certain assets and operations from Altisource Asset Management Corporation for $8.2 million.

Front Yard Residential Corporation (NYSE:RESI) agreed to acquire certain assets and operations from Altisource Asset Management Corporation (AMEX:AAMC) for $8.2 million on November 4, 2020. The total consideration is $8.2 million, $3.2 million of which was paid to Altisource Asset Management on August 17, 2020), of which all or a portion of the remaining $5.0 million may be paid in Front Yard common stock, at Front Yard's option and subject to certain conditions, restrictions, and limitations.