Discontinued — last reported Q1 '24
Servicing Related Assets — Interest Expense
Cherry Hill Mortgage Investment Servicing Related Assets — Interest Expense increased by 78.8% to $767.00K in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 12.1%, from $873.00K to $767.00K. Over 2 years (FY 2021 to FY 2023), Servicing Related Assets — Interest Expense shows a downward trend with a -40.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Higher interest expense reduces net profitability and may indicate higher leverage or rising interest rate environments.
Detailed definition
The cost incurred by the servicing-related segment for the use of borrowed funds or financing facilities. This reflects...
Peer comparison
Standard interest expense reporting for business segments with debt financing.
chmi_segment_servicing_related_assets_interest_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.07M | $1.21M | $1.27M | $1.25M | $1.13M | $635.00K | $818.00K | $873.00K | $359.00K | -$89.00K | $429.00K | $767.00K |
| QoQ Change | — | +12.4% | +5.3% | -1.4% | -9.7% | -43.9% | +28.8% | +6.7% | -58.9% | -124.8% | +582.0% | +78.8% |
| YoY Change | — | — | — | — | +5.3% | -47.4% | -35.6% | -30.3% | -68.3% | -114.0% | -47.6% | -12.1% |
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Frequently Asked Questions
- What is Cherry Hill Mortgage Investment's servicing related assets — interest expense?
- Cherry Hill Mortgage Investment (CHMI) reported servicing related assets — interest expense of $767.00K in Q1 2024.
- How has Cherry Hill Mortgage Investment's servicing related assets — interest expense changed year-over-year?
- Cherry Hill Mortgage Investment's servicing related assets — interest expense decreased by 12.1% year-over-year, from $873.00K to $767.00K.
- What is the long-term trend for Cherry Hill Mortgage Investment's servicing related assets — interest expense?
- Over 2 years (2021 to 2023), Cherry Hill Mortgage Investment's servicing related assets — interest expense has grown at a -40.8% compound annual growth rate (CAGR), from $4.48M to $1.57M.
- What does servicing related assets — interest expense mean?
- The total interest costs paid by the servicing segment on its debt.