- Business
- Cherry Hill Mortgage Investment Corporation, a diversified hybrid residential mortgage real estate investment trust founded in 2012 and headquartered in East Meadow, New York, acquires, invests in, and manages a targeted portfolio of residential mortgage assets in the United States. The company operates through two primary segments, investments in residential mortgage-backed securities (RMBS) and servicing-related assets; its core products and services include agency RMBS, mortgage servicing rights (MSRs) with $16.2 billion in unpaid principal balance as of September 30, 2025, excess mortgage servicing rights, prime residential mortgage loans, reverse mortgage loans, commercial mortgage-backed securities (CMBS), and whole loan acquisitions, serving institutional investors and sophisticated individuals seeking risk-adjusted returns in the mortgage market. Cherry Hill maintains approximately $1.5 billion in investable assets and focuses on generating attractive dividend yields, currently at 17% based on its September 30, 2025 closing stock price. In recent developments, the company reported GAAP net income applicable to common stockholders of $2.0 million, or $0.05 per share, for the third quarter of 2025 ended September 30, announced on November 6, 2025; entered into a strategic partnership with Real Genius LLC during the second quarter of 2025 to support portfolio optimization; raised $8.9 million through its at-the-market equity program in the second quarter; and completed an internal management transition aimed at reducing operating expenses amid market volatility.