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Cherry Hill Mortgage Investment Corp (NYSE:CHMI) announced Monday that its board of directors has appointed Apeksha Patel as chief financial officer and treasurer, effective as of Friday. Patel had previously served as the company’s interim chief financial officer, treasurer and secretary since June 22.
The company stated that aside from the change in Patel’s title, the terms of her employment remain the same as previously disclosed in a filing on May 27. Cherry Hill Mortgage is a real estate investment trust based in Tinton Falls, New Jersey.
This information is based on a statement in the company’s Form 8-K filed with the Securities and Exchange Commission.
In other recent news, Cherry Hill Mortgage Investment Corp reported its financial results for the second quarter of 2025, which did not meet analyst expectations. The company announced a net loss of $0.03 per share, whereas analysts had projected earnings of $0.12 per share. Additionally, Cherry Hill Mortgage’s revenue was recorded at $8.68 million, falling short of the anticipated $9.95 million. These earnings figures highlight a challenging quarter for the company. While the financial performance was below expectations, it reflects the current economic conditions impacting the mortgage sector. No recent mergers or acquisitions were reported for Cherry Hill Mortgage. There were also no analyst upgrades or downgrades noted in the recent updates. Investors will be keen to see how the company addresses these challenges moving forward.
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