Cherry Hill Mortgage Investment Corporation is a residential real estate finance company that acquires and manages residential mortgage assets in the United States, operating as a REIT that distributes at least 90% of its taxable income annually to shareholders. The company generates returns through two primary business segments: investing in Agency and non-Agency residential mortgage-backed securities, and acquiring and managing mortgage servicing rights through its wholly-owned servicing subsidiary. It finances its mortgage investments through repurchase agreements and uses hedging strategies including interest rate swaps and Treasury derivatives to manage interest rate and financing risks, competing with other mortgage REITs, banks, and institutional investors for residential mortgage opportunities.