Amherst terminated its $2.3bn merger with Front Yard Residential.

Amherst, a data-driven real estate investment firm with strategies across the residential and commercial real estate capital markets, terminated its $2.3bn merger with Front Yard Residential, provider of real estate and mortgage portfolio management services. "While we are disappointed that the transaction with Amherst will not close, we believe that we have reached an outcome that will allow the Company to focus on delivering long-term shareholder value while putting it in a strong financial position going forward. We are pleased that the business performed well in the first quarter, which has continued into April," George Ellison, Front Yard CEO.