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CHMI - New Residential Investment Corp. Cherry Hill Mortgage Investment Corp.: 2 Companies 2 Portfolios Same Assets Very Different Results
Cherry Hill Mortgage Investment Corporation
Summary
I'll make it quick and simple this time round.
It's earnings time, we all have much to do (and digest), and we also wish to spread the word as quickly as possible, so here goes.
Mortgage Servicing Rights ("MSRs") are contractual obligations that allow the original mortgage lender of a note to sell the loan servicing functions to a third-party for the purpose of collecting loan payments, setting aside escrows and insurance payments and forwarding principal and interest amounts to the lender.
If that sounds to you like ancient Chinese - it's fine. That