Cherry Hill Mortgage Investment Corporation (CHMI) Q1 2023 Earnings Call Transcript

Cherry Hill Mortgage Funding Company (NYSE:CHMI) Q1 2023 Earnings Convention Name Could 8, 2023 5:00 PM ET

Firm Individuals

Garrett Edson – ICR

Jeffrey Lown – President, CEO & Director

Julian Evans – CIO

Michael Hutchby – CFO, Treasurer, Secretary & Head, IR

Convention Name Individuals

Mikhail Goberman – JMP Securities

Matthew Howlett – B. Riley Securities


Good day, and thanks all for standing by. Welcome to the Cherry Hill Mortgage Funding Company’s First Quarter 2023 Convention. [Operator Instructions]. Please be suggested that in the present day’s convention is being recorded. I might now like handy the convention over to our speaker in the present day, Garrett Edson. Please go forward.

Garrett Edson

We would prefer to thanks for becoming a member of us in the present day for Cherry Hill Mortgage Funding Company’s First Quarter 2023 Convention Name. Along with this name, we have now filed a press launch that was distributed earlier this afternoon and posted to the Investor Relations part of our web site at

On in the present day’s name, administration’s ready remarks and solutions to your questions might comprise forward-looking statements which might be topic to dangers and uncertainties that might trigger precise outcomes to vary from these mentioned in the present day. Examples of forward-looking statements embrace these associated to curiosity revenue, monetary steering, IRRs, future anticipated money flows in addition to prepayment and recapture charges, delinquencies and non-GAAP monetary measures equivalent to earnings out there for distribution, or EAD, and complete revenue. Ahead-looking statements symbolize administration’s present estimates, and Cherry Hill assumes no obligation to replace any forward-looking statements sooner or later. We encourage listeners to assessment the extra detailed discussions associated to those forward-looking statements contained within the firm’s filings with the SEC and the definitions contained within the monetary shows out there on the corporate’s web site.

At this time’s convention name is hosted by Jay Lown, President and CEO; Julian Evans, the Chief Funding