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

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-03-06
Form: 10-K
Item: Item 5
Chunk 25
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 on interest rate swaps and a decrease of $4.3 million in losses on U.S. Treasury futures.

                    Unrealized Gain (Loss) on RMBS, Measured at Fair Value through Earnings, Net

                    Unrealized loss on RMBS measured at fair value through earnings for the year ended December 31, 2024 was $19.4 million as compared to a gain of $9.8 million for the year ended
                      December 31, 2023. The increase of $29.2 million in unrealized loss on RMBS measured at fair value through earnings was due to a rise in interest rates during the year.

                      48

                    Unrealized Gain (Loss) on Derivatives

                    Unrealized gain on derivatives for the year ended December 31, 2024 was $9.8 million as compared to a loss of $43.1 million for the year ended December 31, 2023. The $52.9 million
                      decrease in unrealized loss on derivatives for the year ended December 31, 2024 as compared to December 31, 2023 was primarily due to changes in interest rates and the composition of our derivatives relative to the prior year.

                    Unrealized Loss on Investments in Servicing Related Assets

                    Unrealized loss on our investments in Servicing Related Assets for the year ended December 31, 2024 was $7.2 million as compared to $25.9 million for the year ended December 31, 2023.
                      The $18.7 million decrease in unrealized loss on our investments in Servicing Related Assets for December 31, 2024 as compared to December 31, 2023 was primarily due to changes in valuation inputs or assumptions.

                    General and Administrative Expense

                    General and administrative expense for the year ended December 31, 2024 was $10.7 million as compared to $6.4 million for the year ended December 31, 2023. The $4.3 million increase
                      in general and administrative expense for the year ended December 31, 2024 as compared to the year ended December 31, 2023 was primarily due to an increase in professional fees relating to the Internalization.

                    Compensation and Benefits

                    Compensation and benefits expense for the year ended December 31, 2024 was $1.6 million as compared to $466,000 for the year ended December 31, 2023. The $1.1