Company: CHMI-PB
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001140361-25-007454
Chunk: 24

Company: Cherry Hill Mortgage Investment Corp
Filing Date: 2025-03-06
Form: 10-K
Item: Item 5
Chunk 24
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53.4 million for the year ended December 31, 2023. The $4.9 million decrease in servicing
                      fee income for the year ended December 31, 2024 as compared to the year ended December 31, 2023 was due to changes in the size of the portfolio.

                    Servicing Costs

                    Servicing costs for the year ended December 31, 2024 were $12.4 million as compared to $11.2 million for the year ended December 31, 2023. The $1.2 million increase in servicing costs
                      for the year ended December 31, 2024 as compared to the year ended December 31, 2023 was primarily due to one-time loan level adjustments as well as de-boarding fees related to the MSR sale.

                    Realized Loss on RMBS, Net

                    Realized loss on RMBS for the year ended December 31, 2024 was $6.6 million as compared to $36.3 million for the year ended December 31, 2023. The $29.7 million decrease in realized
                      loss on RMBS for the year ended December 31, 2024 as compared to the year ended December 31, 2023 was due to a decline in the number of RMBS securities sold during the year ended December 31, 2024.

                    Realized Gain on Investments in MSRs, Net

                    Realized gain on investments in MSRs for the year ended December 31, 2024 was approximately $504,000 as compared to $0 for the year ended December 31, 2023. The increase of $504,000
                      in realized gain on MSRs was because no MSRs were sold during the year ended December 31, 2023.

                    Realized Gain on Derivatives, Net

                    Realized gain on derivatives for the year ended December 31, 2024 was $21.3 million as compared to $33.8 million for the year ended December 31, 2023. The $12.5 million decrease in
                      realized gain on derivatives for the year ended December 31, 2024 as compared to December 31, 2023 was substantially comprised of an increase of $24.7 million in losses on TBAs and a decrease of $1.4 million in interest income on
                      interest rate swaps, offset by a decrease of $9.2 million in losses