CHMI — what changed in the latest 10-Q
A section-by-section comparison of CHMI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-07 vs the prior 10-Q · 2025-11-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +13 | −16 | ~51 | 71 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 12 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-07
As of December 1, 2025, the Federal Reserve has also ceased reducing its balance sheet. Since 2022, the Federal Reserve had been allowing a set amount of Treasury securities and Agency RMBS on its balance sheet to roll off each month without reinvestment. Prior to December 1, 2025, the Federal Reser…
Federal Reserve Chairman Jerome Powell’s current four-year term as Chair expires on May 15, 2026, although his term as a member of the Board of Governors extends through early 2028. President Donald Trump has nominated Kevin Warsh as Jerome Powell’s successor, but as of mid-April 2026, the Senate ha…
Servicing costs for the three-month period ended March 31, 2026 were $2.3 million as compared to $2.5 million for the three-month period ended March 31, 2025. The decrease of $0.2 million in servicing costs was due to changes in the size of the portfolio.
Realized loss on RMBS for each of the three-month periods ended March 31, 2026 and December 31, 2025 was $0 because no RMBS securities were sold.
Realized loss on RMBS for the three-month period ended March 31, 2026 was $0 as compared to $4.0 million for the three-month period ended March 31, 2025. The decrease of $4.0 million in realized loss on RMBS was because no RMBS securities were sold during the three-month period ended March 31, 2026.
Text removed vs the prior filing · source: 10-Q · 2025-11-06
Prior to November 14, 2024, we were externally managed and advised by Cherry Hill Mortgage Management, LLC (“CHMM”) which was responsible for our investment strategies and decisions and our day-to-day operations, subject to the supervision and oversight of our board of directors. Effective as of Nov…
In addition, at its October meeting, the Federal Reserve announced that it will cease reducing its balance sheet, which began in 2022, effective on December 1, 2025. Since 2022, the Federal Reserve has allowed a set amount of Treasury securities and Agency RMBS on its balance sheet to roll off each …
Servicing costs for the nine-month period ended September 30, 2025 were $6.8 million as compared to $9.3 million for the nine-month period ended September 30, 2024. The decrease of $2.5 million in servicing costs was due to changes in the size of the portfolio and a one-time loan level interest adju…
Realized loss on RMBS for the three-month period ended September 30, 2025 was $0 as compared to $2.1 million for the three-month period ended June 30, 2025. The decrease of $2.1 million in realized loss on RMBS was due to the timing and volume of RMBS sales.
Realized loss on RMBS for the nine-month period ended September 30, 2025 was approximately $6.0 million as compared to $5.5 million for the nine-month period ended September 30, 2024. The increase of $0.5 million in realized loss on RMBS was due to the timing and volume of RMBS sales.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice