Cherry Hill Mortgage Investment Corp 2025年季度报告

(Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________Commission file number001-36099 CHERRY HILL MORTGAGE INVESTMENTCORPORATION (Exact name of registrant as specified in its charter) Maryland46-1315605(State or Other Jurisdiction of Incorporation orOrganization)(I.R.S. Employer Identification No.) 4000 Route 66,Suite 310Tinton Falls,New Jersey07753(Address of Principal Executive Offices)(Zip Code) (877)870 – 7005(Registrant’s Telephone Number, Including Area Code) N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ As of August 7, 2025, there were36,045,092outstanding shares of common stock, $0.01 par value per share, of Cherry HillMortgage Investment Corporation. CHERRY HILL MORTGAGE INVESTMENT CORPORATION TABLE OF CONTENTS PageFORWARD-LOOKING INFORMATION3PART I.FINANCIAL INFORMATION5Item 1.Consolidated Financial Statements5Consolidated Balance Sheets5Consolidated Statements of Income (Loss)6Consolidated Statements of Comprehensive Income (Loss)7Consolidated Statements of Changes in Stockholders’ Equity8Consolidated Statements of Cash Flows9Notes to Consolidated Financial Statements10Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations45Item 3.Quantitative and Qualitative Disclosures about Market Risk66Item 4.Controls and Procedures70PART II.OTHER INFORMATION71Item 1.Legal Proceedings71Item 1A.Risk Factors71Item 2.Unregistered Sales of Equity Securities and Use of Proceeds71Item 3.Defaults Upon Senior Securities71Item 4.Mine Safety Disclosures71Item 5.Other Information71Item 6.Exhibits71 GLOSSARY This glossary defines some, but not all, of the terms that we use elsewhere in this Quarterly Report on Form 10-Q. In thisQuarterly Report on Form 10-Q, unless specifically stated otherwise or the context otherwise indicates, references to “we”, “us”,“our”, the “Company” or “CHMI” refer to Cherry Hill Mortgage Investment Corporation, a Maryland corporation, together with itsconsolidated subsidiaries; references to the “Manager” refer to Cherry Hill Mortgage Management, LLC, a Delaware limited liabilitycompany; and references to the “Operating Partnership” refer to Cherry Hill Operating Partnership, LP, a Delaware limitedpartnership. “Agency”means a U.S. Government agency, such as Ginnie Mae, or a GSE. “Agency RMBS”means RMBS issued by an Agency or for which an Agency guarantees payments of principal and interest on thesecurities. “ARM”means an adjustable-rate residential mortgage loan. “ASC”means an Accounting Standards Codification. “ASU”means the Accounting Standards Update issued by the FASB. “CFTC” means the U.S. Commodity Futures Trading Commission. “CMO”means a collateralized mortgage obligation. CMOs are either loss share securities issued by a GSE or structured debtinstruments representing interests in specified pools of mortgage loans subdivided into multiple classes, or tranches, of securities, witheach tranche having different maturities or risk profiles. “Code”means the Internal Revenue Code of 19