Skip to main content

Cherry Hill Mortgage Investment Corporation Acquires First MSR Portfolio

National Mortgage Professional
Nov 03, 2015
Cherry Hill Mortgage Investment Corporation has reported that it had acquired mortgage servicing rights (MSRs) from an unaffiliated third party on a portfolio of mortgage loans

Cherry Hill Mortgage Investment Corporation has reported that it had acquired mortgage servicing rights (MSRs) from an unaffiliated third party on a portfolio of mortgage loans with an aggregate unpaid principal balance of approximately $1.4 billion. Approximately 95 percent of the mortgage loans by principal balance are owned or have been securitized by Fannie Mae. The remaining mortgage loans are owned or have been securitized by Freddie Mac. The underlying mortgaged properties are located in all 50 states as well as the District of Columbia.

“We are pleased to accomplish our first MSR portfolio acquisition which represents a milestone for our company and a significant step forward in becoming a more servicing-centric business,” said Jay Lown, president and CIO of Cherry Hill Mortgage Investment Corporation.

Cherry Hill Mortgage Investment Corporation is externally managed and advised by Cherry Hill Mortgage Management LLC, an affiliate of Freedom Mortgage Corporation.

Published
Nov 03, 2015
Reports: Evergrande Group Makes $83.5M Interest Payment

Faltering Chinese development firm fends off default with payment to international bondholders.

Industry News
Oct 22, 2021
FAR Establishes Borrower Engagement Division

Finance of America Reverse LLC announced its formally established Borrower Engagement Division.

Industry News
Oct 22, 2021
Automating Appraisals No Panacea For Removing Bias

With racism 'grandfathered in' to housing prices in minority neighborhoods, a solution to 'unconscious bias' is difficult to find

Industry News
Oct 21, 2021
Reports: Evergrande Group Arranges Bond Extension

Reuters, REDD say company's billionaire chairman has agreed to provide additional collateral to ensure a construction project tied to a $260M bond is completed.

Industry News
Oct 21, 2021
New American Funding Hires Regional Manager

Mark Tribuna will lead effort to expand company's partnership with affordable nonprofit builders in mid-Pacific region

Industry News
Oct 21, 2021
Rocket Pro Announces Initiatives To Boost Brokers

Company brings Rocket Tech, the Rocket Network and Rocket Marketing to mortgage brokers across the country

Industry News
Oct 19, 2021