Timothy D'Agostino's questions to Cherry Hill Mortgage Investment (CHMI) leadership • Q2 2025
Question
Timothy D'Agostino, on behalf of Randy Binner, inquired about the drivers behind lower-than-expected servicing costs and the company's outlook on financial leverage for the remainder of 2025.
Answer
An executive attributed lower servicing costs to the resolution of deboarding fees related to the Mr. Cooper acquisition and a declining loan count. Chief Investment Officer Julian Evans added that leverage is expected to 'creep up' through the end of the year, as a potentially more accommodative Fed policy would make spread assets more attractive.