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v3.25.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Financial Data on CHMI's Reportable Segments with Reconciliation | Summary financial data with respect to the Company’s reportable segments is given below, together with the data for the Company as a whole (dollars in thousands):
|  | Servicing Related Assets |  |  | RMBS |  |  | All Other |  |  | Total |
Income Statement |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 26 |  |  | $ | 14,787 |  |  | $ | - |  |  | $ | 14,813 |
Interest expense |  |  | 322 |  |  |  | 11,850 |  |  |  | - |  |  |  | 12,172 |
Net interest income (expense) |  |  | (296 | ) |  |  | 2,937 |  |  |  | - |  |  |  | 2,641 |
Servicing fee income |  |  | 10,933 |  |  |  | - |  |  |  | - |  |  |  | 10,933 |
Servicing costs |  |  | 1,952 |  |  |  | - |  |  |  | - |  |  |  | 1,952 |
Net servicing income |  |  | 8,981 |  |  |  | - |  |  |  | - |  |  |  | 8,981 |
Other expense (A) |  |  | (2,902 | ) |  |  | (2,683 | ) |  |  | - |  |  |  | (5,585 | )
Other operating expenses (B) |  |  | (923 | ) |  |  | (644 | ) |  |  | (1,788 | ) |  |  | (3,355 | )
Provision for corporate business taxes |  |  | (1,121 | ) |  |  | - |  |  |  | - |  |  |  | (1,121 | )
Net other comprehensive loss |  |  | - |  |  |  | 320 |  |  |  | - |  |  |  | 320 |
Comprehensive income (loss) |  | $ | 3,739 |  |  | $ | (70 | ) |  | $ | (1,788 | ) |  | $ | 1,881 |
Three Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | - |  |  | $ | 13,677 |  |  | $ | - |  |  | $ | 13,677 |
Interest expense |  |  | 164 |  |  |  | 13,346 |  |  |  | - |  |  |  | 13,510 |
Net interest income (expense) |  |  | (164 | ) |  |  | 331 |  |  |  | - |  |  |  | 167 |
Servicing fee income |  |  | 12,349 |  |  |  | - |  |  |  | - |  |  |  | 12,349 |
Servicing costs |  |  | 3,455 |  |  |  | - |  |  |  | - |  |  |  | 3,455 |
Net servicing income |  |  | 8,894 |  |  |  | - |  |  |  | - |  |  |  | 8,894 |
Other income (expense) (A) |  |  | (2,869 | ) |  |  | 387 |  |  |  | - |  |  |  | (2,482 | )
Other operating expenses (B) |  |  | (949 | ) |  |  | (157 | ) |  |  | (4,025 | ) |  |  | (5,131 | )
Provision for corporate business taxes |  |  | (664 | ) |  |  | - |  |  |  | - |  |  |  | (664 | )
Net other comprehensive loss |  |  | - |  |  |  | (3,734 | ) |  |  | - |  |  |  | (3,734 | )
Comprehensive income (loss) |  | $ | 4,248 |  |  | $ | (3,173 | ) |  | $ | (4,025 | ) |  | $ | (2,950 | )
Six Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 26 |  |  | $ | 29,588 |  |  | $ | - |  |  | $ | 29,614 |
Interest expense |  |  | 1,086 |  |  |  | 23,721 |  |  |  | - |  |  |  | 24,807 |
Net interest income (expense) |  |  | (1,060 | ) |  |  | 5,867 |  |  |  | - |  |  |  | 4,807 |
Servicing fee income |  |  | 21,906 |  |  |  | - |  |  |  | - |  |  |  | 21,906 |
Servicing costs |  |  | 4,497 |  |  |  | - |  |  |  | - |  |  |  | 4,497 |
Net servicing income |  |  | 17,409 |  |  |  | - |  |  |  | - |  |  |  | 17,409 |
Other expense (A) |  |  | (8,720 | ) |  |  | (10,509 | ) |  |  | - |  |  |  | (19,229 | )
Other operating expenses (B) |  |  | (1,757 | ) |  |  | (1,431 | ) |  |  | (3,936 | ) |  |  | (7,124 | )
Provision for corporate business taxes |  |  | (1,294 | ) |  |  | - |  |  |  | - |  |  |  | (1,294 | )
Net other comprehensive income |  |  | - |  |  |  | 7,170 |  |  |  | - |  |  |  | 7,170 |
Comprehensive income (loss) |  | $ | 4,578 |  |  | $ | 1,097 |  |  | $ | (3,936 | ) |  | $ | 1,739 |
Six Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 6 |  |  | $ | 26,412 |  |  | $ | - |  |  | $ | 26,418 |
Interest expense |  |  | 931 |  |  |  | 26,227 |  |  |  | - |  |  |  | 27,158 |
Net interest income (expense) |  |  | (925 | ) |  |  | 185 |  |  |  | - |  |  |  | (740 | )
Servicing fee income |  |  | 25,240 |  |  |  | - |  |  |  | - |  |  |  | 25,240 |
Servicing costs |  |  | 6,089 |  |  |  | - |  |  |  | - |  |  |  | 6,089 |
Net servicing income |  |  | 19,151 |  |  |  | - |  |  |  | - |  |  |  | 19,151 |
Other income (expense) (A) |  |  | (7,107 | ) |  |  | 11,623 |  |  |  | - |  |  |  | 4,516 |
Other operating expenses (B) |  |  | (1,773 | ) |  |  | (315 | ) |  |  | (6,632 | ) |  |  | (8,720 | )
Provision for corporate business taxes |  |  | (1,367 | ) |  |  | - |  |  |  | - |  |  |  | (1,367 | )
Net other comprehensive loss |  |  | - |  |  |  | (10,330 | ) |  |  | - |  |  |  | (10,330 | )
Comprehensive income (loss) |  | $ | 7,979 |  |  | $ | 1,163 |  |  | $ | (6,632 | ) |  | $ | 2,510 |
(A) | Included in other income (expense) are realized and unrealized gains (losses) on Servicing Related Assets, RMBS and derivatives.
(B) | Included in other operating expenses are general and administrative expenses, compensation and benefits and management fee to affiliate.
|  | Servicing Related Assets |  |  | RMBS |  |  | All Other |  |  | Total |
Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Investments |  | $ | 224,601 |  |  | $ | 1,152,443 |  |  | $ | - |  |  | $ | 1,377,044 |
Other assets |  |  | 27,828 |  |  |  | 27,370 |  |  |  | 58,417 |  |  |  | 113,615 |
Total assets |  |  | 252,429 |  |  |  | 1,179,813 |  |  |  | 58,417 |  |  |  | 1,490,659 |
Debt |  |  | 149,381 |  |  |  | 1,072,294 |  |  |  | - |  |  |  | 1,221,675 |
Other liabilities |  |  | 2,966 |  |  |  | 24,566 |  |  |  | 9,039 |  |  |  | 36,571 |
Total liabilities |  |  | 152,347 |  |  |  | 1,096,860 |  |  |  | 9,039 |  |  |  | 1,258,246 |
Net Assets |  | $ | 100,082 |  |  | $ | 82,953 |  |  | $ | 49,378 |  |  | $ | 232,413 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Investments |  | $ | 233,658 |  |  | $ | 1,122,420 |  |  | $ | - |  |  | $ | 1,356,078 |
Other assets |  |  | 28,874 |  |  |  | 59,159 |  |  |  | 47,064 |  |  |  | 135,097 |
Total assets |  |  | 262,532 |  |  |  | 1,181,579 |  |  |  | 47,064 |  |  |  | 1,491,175 |
Debt |  |  | 151,226 |  |  |  | 1,077,257 |  |  |  | - |  |  |  | 1,228,483 |
Other liabilities |  |  | 4,290 |  |  |  | 15,010 |  |  |  | 9,770 |  |  |  | 29,070 |
Total liabilities |  |  | 155,516 |  |  |  | 1,092,267 |  |  |  | 9,770 |  |  |  | 1,257,553 |
Net Assets |  | $ | 107,016 |  |  | $ | 89,312 |  |  | $ | 37,294 |  |  | $ | 233,622 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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