Cherry Hill Mortgage Investment Corp (CHMI.PR.B)
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Cherry Hill Mortgage Investment Corp Profile
| Mortgage Real Estate Investment Trusts (REITs) Industry | Financials Sector | Jeffrey Lown CEO | NYSE Exchange | - ISIN |
| US Country | 14 Employees | 15 Oct 2024 Last Dividend | - Last Split | 4 Oct 2013 IPO Date |
Overview
Cherry Hill Mortgage Investment Corporation is a prominent entity in the field of residential real estate finance within the United States. Specializing in the acquisition, investment, and management of residential mortgage assets, the company plays a pivotal role in the industry. Operating through two main segments, Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets, Cherry Hill demonstrates a diversified approach to investment and asset management. As a real estate investment trust (REIT), the corporation enjoys certain tax benefits, provided it distributes a minimum of 90% of its taxable income to its shareholders, thereby avoiding federal corporate income taxes. Established in 2012, with its headquarters in Farmingdale, New Jersey, Cherry Hill Mortgage Investment Corporation has established itself as a key player in the residential real estate finance sector.
Products and Services
- Investments in RMBS
This segment encompasses the company’s core focus on investing in residential mortgage-backed securities, which are financial instruments secured by the interest in or backed by residential mortgage loans. This investment strategy allows Cherry Hill to capitalize on the returns from residential mortgage markets, leveraging the nuances of mortgage-backed assets for profitability and risk management.
- Investments in Servicing Related Assets
Under this heading, Cherry Hill Mortgage Investment Corporation engages in investments that are intrinsically connected to the servicing of mortgage loans. This includes assets like mortgage servicing rights (MSRs), which enable the company to benefit not just from the interest incomes of the mortgages but also from the servicing streams of revenue attached to these mortgages. The strategic investment in servicing related assets allows Cherry Hill to diversify its income sources and mitigate risks associated with the fluctuating interest rates and real estate market conditions.
