Company: CHMI-PB
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001140361-25-007454
Chunk: 1

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 1
---
 14, 2024, we were externally managed and advised by Cherry Hill Mortgage Management, LLC which was responsible for our investment strategies and decisions and our
                  day-to-day operations, subject to the supervision and oversight of our board of directors. Effective as of November 14, 2024, we completed an “Internalization Event” within the meaning of the management agreement with CHMM by, among other
                  things, directly hiring the senior management team and other personnel who had historically provided services to us through CHMM. Upon consummation of the Internalization Event, the management agreement terminated in accordance with its
                  terms without payment of a termination fee and we ceased being externally managed (the “Internalization”). As a result of the Internalization, we began operating as a fully integrated, internally managed company.

Our Targeted Asset Classes

Our primary targeted asset classes currently consist of:

    •

                        RMBS, including Agency RMBS, residential mortgage pass-through certificates, CMOs and TBAs; and

    •

                        Servicing Related Assets consisting of MSRs and Excess MSRs.

Our Strategy

Our strategy, which may change due to the availability and terms of capital and as market conditions warrant, involves:

    •

                        allocating a substantial portion of our equity capital to the acquisition of Servicing Related Assets;

    •

                          the creation of intercompany Excess MSRs from MSRs acquired by our mortgage servicing subsidiary, Aurora;