Cherry Hill Mortgage Investment Corp: insider trades · United States · SEC (Form 4)

About Cherry Hill Mortgage Investment Corp

Cherry Hill Mortgage Investment Corp. is a U.S.-based mortgage REIT listed on the NYSE under the ticker CHMI. Founded in 2013 and headquartered in Tinton Falls, New Jersey, the company operates in residential mortgage finance rather than traditional property ownership. For investors, its business is best understood as a specialized balance-sheet platform focused on acquiring, investing in, and managing residential mortgage assets in the United States. That includes exposure to mortgage-backed securities and servicing-related cash flows, making Cherry Hill a niche participant in the U.S. housing-finance ecosystem. ([chmireit.com](https://www.chmireit.com/about?utm_source=openai)) Cherry Hill’s core investment strategy is built around two main asset classes: Agency RMBS and mortgage servicing rights, or MSRs. Agency RMBS are residential mortgage-backed securities guaranteed by U.S. government-related agencies, while MSRs entitle the holder to servicing income on underlying mortgage loans. This hybrid model gives the company a differentiated return profile, combining spread income from securities with servicing revenue linked to mortgage origination and loan performance. The portfolio is managed with active hedging tools, including interest rate swaps, TBAs, Treasury futures, and SOFR swap futures, which are used to reduce duration and interest-rate risk. ([chmireit.com](https://www.chmireit.com/?utm_source=openai)) In competitive terms, Cherry Hill competes in a highly specialized mortgage REIT segment where book value preservation, leverage discipline, hedge effectiveness, and MSR execution matter more than scale alone. The company’s stated emphasis is on proactively managing the portfolio, maintaining a strong balance sheet, and preserving book value across different rate environments. That positions Cherry Hill as a focused, technically managed mortgage REIT rather than a diversified real estate owner. ([chmireit.com](https://www.chmireit.com/about?utm_source=openai)) A major strategic milestone was the internalization of management in November 2024. Cherry Hill terminated its external management agreement and began operating as a fully integrated, internally managed mortgage REIT. From an investor perspective, this is important because it can simplify governance, align operating incentives more closely with shareholders, and potentially improve cost transparency. In February 2026, the company reported fourth-quarter 2025 results showing a common book value of $3.44 per share at year-end, supported by resilient servicing income and continued portfolio activity. ([investors.chmireit.com](https://investors.chmireit.com/news-releases/news-release-details/cherry-hill-mortgage-investment-corporation-internalizes?utm_source=openai)) Overall, Cherry Hill Mortgage Investment Corp. is a NYSE-listed United States company with a focused residential mortgage-finance franchise. Its market position is defined by its specialized exposure to Agency RMBS and MSRs, its active risk management framework, and its sensitivity to U.S. interest-rate cycles, mortgage prepayments, and housing-finance spreads. ([chmireit.com](https://www.chmireit.com/?utm_source=openai))