Altisource Residential (RESI) Misses Q4 EPS by 15c

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Front Yard Residential Corporation Reports Fourth Quarter and Full Year 2017 Results

March 1, 2018 7:31 AM EST

CHRISTIANSTED, U.S. Virgin Islands, March 01, 2018 (GLOBE NEWSWIRE) -- Front Yard Residential Corporation (Front Yard or the Company) (NYSE: RESI) today announced financial and operating results for the fourth quarter and full year of 2017.

Fourth Quarter 2017 Highlights and Recent Developments

Changed company name to Front Yard Residential Corporation.Acquired 1,957 homes from Amherst Holdings, LLC, increasing the rental portfolio to 11,975 homes, of which 98% were stabilized.Sold 322 mortgage loans, leaving 111 loans with a carrying value of $11.5 million at December 31, 2017.Sold 325 non-rental REO properties, leaving... More