Business Details
13 Years
experience
Residential Mortgage REIT Services in Tinton Falls, NJ
We are a residential mortgage REIT founded in 2013 with a proven track record of navigating diverse market conditions. Our core focus lies in strategically managing mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other cashflowing residential mortgage assets to deliver consistent returns. Through disciplined portfolio management and adaptive hedging strategies, we prioritize capital preservation while maximizing shareholder value across fluctuating interest rate environments.Our REIT structure enables tax-efficient operations through mandatory dividend distributions, ensuring alignment with investor interests. With over two decades of combined leadership experience in mortgage markets and capital management, our team leverages deep industry expertise to maintain a resilient balance sheet and drive long-term value creation.
Services
Mortgage Servicing Rights Acquisition
Agency RMBS Management
Non-Agency RMBS Acquisition
Hedging Strategies
Portfolio Management
Details
- Year established: 2013
Highlights and features
- We maintain a diversified portfolio of mortgage assets across multiple interest rate environments
- Our REIT structure ensures tax-efficient operations through mandatory dividend distributions
- Our leadership team has over 20 years of combined experience in mortgage markets
- We employ adaptive hedging strategies to preserve book value during market volatility
- Our hybrid investment model combines MSRs, agency RMBS, and non-agency assets
Services
Mortgage Servicing Rights Acquisition
We selectively acquire mortgage servicing rights through flow or bulk transactions with mortgage servicers. This strategic approach allows us to build a diversified portfolio while maintaining strict risk parameters. Our expertise in evaluating MSR valuations enables capitalizing on market dislocations to enhance shareholder value.
Agency RMBS Management
Our agency RMBS investments focus on opportunistic acquisitions of residential mortgage-backed securities. We employ leveraged strategies while maintaining liquidity to navigate changing market conditions. Active portfolio management helps optimize risk-adjusted returns through interest rate cycles.
Non-Agency RMBS Acquisition
We selectively purchase fixed and floating-rate tranches of non-agency mortgage assets including jumbo and non-qualified mortgages. This expands our opportunity set while maintaining disciplined credit analysis. These investments complement our core agency RMBS holdings for enhanced diversification.
Hedging Strategies
Our comprehensive risk management framework utilizes interest rate swaps, swaptions, and treasury securities to hedge against rate fluctuations. These strategies protect book value during volatility while maintaining flexibility to adapt to evolving market dynamics.
Portfolio Management
We actively manage a diversified mortgage asset portfolio balancing MSRs, agency RMBS, and non-agency securities. Our approach emphasizes capital preservation through dynamic asset allocation and proactive market positioning across different economic cycles.
People
Jay Lown
President and Chief Executive Officer
20+ years in financial services and residential mortgage markets. Former Executive Vice President at Freedom Mortgage and portfolio manager at Avenue Capital Group. Expertise in capital markets and mortgage trading.
Apeksha Patel
Chief Financial Officer
CFO with prior Controller experience at CHMI since 2019. Licensed CPA in New Jersey with background in public accounting at Mazars USA LLP and SB Partners LLP. Holds Bachelor of Commerce from Ryerson University.
Julian Evans
Chief Investment Officer
20+ years in financial services industry. Former Senior Vice President at Freedom Mortgage. MBA from University of Michigan. Expertise in mortgage strategy and institutional asset management across Deutsche Asset Management and Times Square Capital.
Questions
What type of company is Cherry Hill Mortgage Investment Corporation?
We are a residential mortgage REIT (Real Estate Investment Trust) focused on mortgage servicing rights and RMBS assets.
How does CHMI generate returns for shareholders?
Through strategic portfolio management of MSRs, agency RMBS, and non-agency mortgage assets combined with risk-mitigation hedging strategies.
What is CHMI's investment strategy?
We maintain a hybrid portfolio of mortgage servicing rights, agency RMBS, and non-agency assets while employing adaptive hedging techniques.
Who leads Cherry Hill Mortgage Investment Corporation?
Our leadership team includes President & CEO Jay Lown, CFO Apeksha Patel, and CIO Julian Evans with combined 60+ years in finance.
