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Cherry Hill Mortgage ( (CHMI) ) just unveiled an announcement.
Cherry Hill Mortgage Investment Corporation has transitioned to a fully integrated, internally managed mortgage REIT by terminating its management agreement with Cherry Hill Mortgage Management, LLC. This strategic move, which included new employment arrangements for senior management, aims to reduce expenses and enhance earnings, aligning the company’s interests with the investment community. This change follows a comprehensive review by an independent board committee, which concluded that internal management is in the company’s best interests.
Learn more about CHMI stock on TipRanks’ Stock Analysis page.