Company Overview

Cherry Hill Mortgage Investment Corporation is a publicly traded real estate investment trust (REIT) focused on acquiring, investing in, and managing residential mortgage-related assets in the United States. The company primarily operates within the mortgage finance and real estate investment industries, generating revenue through interest income, servicing-related cash flows, and investment returns tied to residential mortgage assets. Its investment strategy has historically centered on residential mortgage-backed securities (RMBS), investments in mortgage servicing rights (MSRs), and related mortgage assets that can produce recurring income and capital appreciation.

The company’s principal revenue drivers include yields from Agency RMBS, income generated from servicing-related investments, and returns from hedging and financing activities. Cherry Hill Mortgage Investment Corporation seeks to differentiate itself through active portfolio management, risk-adjusted asset allocation, and specialized expertise in mortgage servicing assets. The company was founded in 2012 and is externally managed by Cherry Hill Mortgage Management, LLC, an affiliate of Freedom Mortgage Corporation, one of the larger privately held mortgage originators and servicers in the United States. Since its formation, the company has evolved from a broader mortgage investment platform into a more focused residential mortgage finance vehicle emphasizing Agency securities and servicing-related investments.

Business Operations

Cherry Hill Mortgage Investment Corporation conducts operations primarily through two core investment categories: Agency RMBS and Servicing Related Assets. The Agency RMBS portfolio consists largely of mortgage-backed securities issued or guaranteed by government-sponsored enterprises such as Fannie Mae, Freddie Mac, and Ginnie Mae. These investments provide interest income and liquidity while carrying limited direct credit risk due to government or agency backing. The company’s servicing-related investments include excess mortgage servicing rights and related servicing assets tied to residential mortgage portfolios.

The company operates principally in the United States, with investment activities concentrated in the domestic residential housing and mortgage markets. Revenue is generated through net interest spread income, servicing cash flows, and portfolio management activities. Financing is typically supported through repurchase agreements and other structured financing arrangements common in the mortgage REIT sector. Through its relationship with Freedom Mortgage Corporation, Cherry Hill benefits from market access, servicing expertise, and operational support associated with a large national mortgage originator and servicer. Public filings indicate that the company actively manages interest rate exposure and mortgage prepayment risk through hedging strategies involving derivatives and structured financing instruments.

Strategic Position & Investments

Cherry Hill Mortgage Investment Corporation’s strategic direction has focused on optimizing risk-adjusted returns in residential mortgage assets while preserving book value and maintaining dividend-generating capacity. The company has emphasized investments in mortgage servicing-related assets because MSRs can provide partial protection against rising interest rates, offsetting some volatility experienced in traditional fixed-income mortgage securities. Management has also periodically rebalanced the portfolio between Agency RMBS and servicing assets depending on interest rate conditions, funding costs, and housing market trends.

The company has historically invested in assets tied to the broader U.S. housing finance ecosystem rather than pursuing large-scale corporate acquisitions or international expansion. Strategic positioning has relied on disciplined capital allocation, hedging strategies, and leveraging relationships with mortgage market participants. Its externally managed structure through Cherry Hill Mortgage Management, LLC and ties to Freedom Mortgage Corporation have remained central to its operating model. Public disclosures and investor materials indicate continued focus on liquidity management, interest rate risk mitigation, and maintaining access to financing markets amid changing Federal Reserve policy and mortgage market conditions.

Geographic Footprint

Cherry Hill Mortgage Investment Corporation is headquartered in New Jersey, United States, and its operations are concentrated almost entirely within the U.S. residential mortgage market. The company’s investment exposure spans mortgage assets linked to housing activity across multiple U.S. regions rather than through direct property ownership or international operating subsidiaries. Its market presence is therefore national in financial exposure, despite having a relatively centralized corporate structure.

The company does not maintain a significant direct international operating footprint based on publicly available disclosures. However, its securities and financing activities may involve institutional counterparties and capital market participants with global operations. Its investment performance remains closely tied to U.S. housing market conditions, mortgage origination activity, Federal Reserve policy, and domestic interest rate trends.

Leadership & Governance

Cherry Hill Mortgage Investment Corporation operates under an externally managed REIT structure overseen by executive leadership and a board of directors responsible for investment oversight, capital allocation, and risk management. The company’s governance framework is shaped by REIT regulatory requirements, public market reporting obligations, and oversight mechanisms outlined in SEC filings, including annual reports on Form 10-K and quarterly reports on Form 10-Q. Leadership strategy has emphasized disciplined portfolio management, liquidity preservation, and balancing dividend performance with long-term book value stability in volatile mortgage markets.

Key executives and leadership figures include:

• Jay Lown – President and Chief Executive Officer
• Julian Evans – Chief Financial Officer
• Craig Knutson – Chairman of the Board
• Andrew Bon Salle – Independent Director
• Diane Glossman – Independent Director

Public statements and investor communications indicate that management prioritizes active interest rate risk management, prudent leverage usage, and maintaining flexibility across mortgage market cycles. Certain leadership and board compositions may change periodically based on company filings and annual shareholder disclosures.