$CHMI
Cherry Hill Mortgage Investment Corp

2020 Q2 Form 10-Q Financial Statement

#000114036120018010 Filed on August 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q4
Revenue -$12.35M $8.978M
YoY Change -56.6% -122.82%
Cost Of Revenue $6.594M $5.378M
YoY Change 60.71% 52.44%
Gross Profit -$18.95M $3.600M
YoY Change -41.81% -108.4%
Gross Profit Margin 40.1%
Selling, General & Admin $1.420M $1.350M
YoY Change 24.56% 40.63%
% of Gross Profit 37.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.609M $3.351M
YoY Change 17.48% 28.34%
Operating Profit -$22.56M $249.0K
YoY Change -36.7% -100.55%
Interest Expense $4.942M $13.50M
YoY Change -57.79% 29.99%
% of Operating Profit 5421.29%
Other Income/Expense, Net
YoY Change
Pretax Income -$15.96M $5.627M
YoY Change -49.38% -113.41%
Income Tax -$3.278M $1.132M
% Of Pretax Income 20.12%
Net Earnings -$12.68M $4.495M
YoY Change -55.46% -111.3%
Net Earnings / Revenue 50.07%
Basic Earnings Per Share -$0.88 $0.12
Diluted Earnings Per Share -$0.88 $0.12
COMMON SHARES
Basic Shares Outstanding 16.88M 16.80M
Diluted Shares Outstanding 16.90M 16.81M

Balance Sheet

Concept 2020 Q2 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $94.50M $24.70M
YoY Change 209.84% -22.33%
Cash & Equivalents $94.47M $24.67M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $61.50M $35.10M
Other Receivables $0.00 $0.00
Total Short-Term Assets $156.0M $59.80M
YoY Change 146.84% 7.17%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $177.3M $291.1M
YoY Change -35.24% -1.29%
Other Assets $33.40M $67.00M
YoY Change 23.7% 717.07%
Total Long-Term Assets $1.792B $2.885B
YoY Change -27.63% 37.54%
TOTAL ASSETS
Total Short-Term Assets $156.0M $59.80M
Total Long-Term Assets $1.792B $2.885B
Total Assets $1.948B $2.945B
YoY Change -23.28% 36.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.40M $3.600M
YoY Change 1415.38% 80.0%
Accrued Expenses $4.800M $15.90M
YoY Change -70.73% 19.55%
Deferred Revenue
YoY Change
Short-Term Debt $1.395B $2.338B
YoY Change -28.17% 46.23%
Long-Term Debt Due $0.00 $2.000M
YoY Change -100.0%
Total Short-Term Liabilities $1.446B $2.368B
YoY Change -26.7% 45.64%
LONG-TERM LIABILITIES
Long-Term Debt $131.8M $165.0M
YoY Change -12.72% 4.76%
Other Long-Term Liabilities $19.30M $12.30M
YoY Change 105.32% 215.38%
Total Long-Term Liabilities $151.1M $177.3M
YoY Change -5.8% 9.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.446B $2.368B
Total Long-Term Liabilities $151.1M $177.3M
Total Liabilities $1.597B $2.545B
YoY Change -25.13% 41.84%
SHAREHOLDERS EQUITY
Retained Earnings -$117.4M -$59.45M
YoY Change 247.95% -300.63%
Common Stock $175.0K $170.0K
YoY Change 2.94% 1.8%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.291M $0.00
YoY Change
Treasury Stock Shares $378.5K $236.0K
Shareholders Equity $348.6M $396.6M
YoY Change
Total Liabilities & Shareholders Equity $1.948B $2.945B
YoY Change -23.28% 36.75%

Cashflow Statement

Concept 2020 Q2 2019 Q4
OPERATING ACTIVITIES
Net Income -$12.68M $4.495M
YoY Change -55.46% -111.3%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $6.100M $19.60M
YoY Change -73.25% 81.48%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $209.8M -$62.90M
YoY Change -238.03% -238.85%
Cash From Investing Activities $209.8M -$62.90M
YoY Change -238.03% -238.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -224.2M 65.00M
YoY Change -267.44% -184.31%
NET CHANGE
Cash From Operating Activities 6.100M 19.60M
Cash From Investing Activities 209.8M -62.90M
Cash From Financing Activities -224.2M 65.00M
Net Change In Cash -8.300M 21.70M
YoY Change -276.6% -203.33%
FREE CASH FLOW
Cash From Operating Activities $6.100M $19.60M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Security12b Title
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
113000
CY2019Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-29000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-863000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
150000
chmi Comprehensive Income Loss Net Of Tax Attributable To Parent Less Preferred Stock Dividends
ComprehensiveIncomeLossNetOfTaxAttributableToParentLessPreferredStockDividends
-50786000
chmi Comprehensive Income Loss Net Of Tax Attributable To Parent Less Preferred Stock Dividends
ComprehensiveIncomeLossNetOfTaxAttributableToParentLessPreferredStockDividends
4637000
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
363931000
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
132000
CY2019Q1 chmi Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
49360000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16708471
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16789261
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-10124000
CY2019Q1 chmi Noncontrolling Interest In Operating Partnership Conversion Of Units
NoncontrollingInterestInOperatingPartnershipConversionOfUnits
-103000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-21138000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
31981000
CY2019Q1 chmi Noncontrolling Interest Increase From Long Term Incentive Plan Units
NoncontrollingInterestIncreaseFromLongTermIncentivePlanUnits
266000
CY2019Q1 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
134000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-7841000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
883000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29841000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36217000
us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
580466000
us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
423208000
us-gaap Profit Loss
ProfitLoss
-48296000
us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
0
chmi Unrealized Gain Loss On Investments In Servicing Related Assets
UnrealizedGainLossOnInvestmentsInServicingRelatedAssets
-110878000
chmi Unrealized Gain Loss On Investments In Servicing Related Assets
UnrealizedGainLossOnInvestmentsInServicingRelatedAssets
-71217000
chmi Realized Gain Loss On Excess Of Mortgage Servicing Rights
RealizedGainLossOnExcessOfMortgageServicingRights
-11347000
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.49
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8156000
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
414298000
CY2019Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3888000
CY2019Q2 chmi Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
282000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-27158000
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
25536000
CY2019Q2 chmi Noncontrolling Interest Increase From Long Term Incentive Plan Units
NoncontrollingInterestIncreaseFromLongTermIncentivePlanUnits
250000
CY2019Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
135000
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.49
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8289000
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
406080000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
411643000
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
124000
CY2020Q1 chmi Noncontrolling Interest In Operating Partnership Conversion Of Units
NoncontrollingInterestInOperatingPartnershipConversionOfUnits
-76000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-44760000
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7631000
CY2020Q1 chmi Noncontrolling Interest Increase From Long Term Incentive Plan Units
NoncontrollingInterestIncreaseFromLongTermIncentivePlanUnits
264000
CY2020Q1 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
109000
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
6612000
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
348636000
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3356000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-10124000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
15786000
CY2020Q2 chmi Noncontrolling Interest Increase From Long Term Incentive Plan Units
NoncontrollingInterestIncreaseFromLongTermIncentivePlanUnits
306000
CY2020Q2 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
61000
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.27
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4608000
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
350831000
us-gaap Profit Loss
ProfitLoss
-54884000
chmi Realized Gain Loss On Excess Of Mortgage Servicing Rights
RealizedGainLossOnExcessOfMortgageServicingRights
0
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-502000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1927000
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
1406447000
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
0
chmi Proceeds From Principal Paydown Of Agency Residential Mortgage Backed Security
ProceedsFromPrincipalPaydownOfAgencyResidentialMortgageBackedSecurity
93701000
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
8747000
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-120000
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
643000
chmi Increase Decrease In Derivative Assets Due To Accrued Interest
IncreaseDecreaseInDerivativeAssetsDueToAccruedInterest
-3025000
us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
-19312000
CY2019Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
302723000
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-14198000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
47619000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-12091000
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
643000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-7470000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-4794000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
288000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
501000
us-gaap Share Based Compensation
ShareBasedCompensation
570000
us-gaap Share Based Compensation
ShareBasedCompensation
516000
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
14348000
chmi Increase Decrease In Derivative Assets Due To Accrued Interest
IncreaseDecreaseInDerivativeAssetsDueToAccruedInterest
-3105000
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.021
chmi Proceeds From Sale Of Excess Mortgage Servicing Rights
ProceedsFromSaleOfExcessMortgageServicingRights
15831000
chmi Proceeds From Sale Of Excess Mortgage Servicing Rights
ProceedsFromSaleOfExcessMortgageServicingRights
0
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-7470000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-372439000
chmi Proceeds From Borrowings Of Securities Sold Under Agreements To Repurchase
ProceedsFromBorrowingsOfSecuritiesSoldUnderAgreementsToRepurchase
4510387000
chmi Proceeds From Borrowings Of Securities Sold Under Agreements To Repurchase
ProceedsFromBorrowingsOfSecuritiesSoldUnderAgreementsToRepurchase
3454895000
chmi Repayments For Securities Sold Under Agreements To Repurchase
RepaymentsForSecuritiesSoldUnderAgreementsToRepurchase
5452707000
chmi Repayments For Securities Sold Under Agreements To Repurchase
RepaymentsForSecuritiesSoldUnderAgreementsToRepurchase
3110976000
us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
11446000
us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
16566000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
18204000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
10782000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
53701000
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
16799000
us-gaap Payments Of Dividends
PaymentsOfDividends
16140000
us-gaap Payments Of Dividends
PaymentsOfDividends
20878000
chmi Long Term Incentive Plan Distributions Paid
LongTermIncentivePlanDistributionsPaid
170000
chmi Payment Of Conversion Of Operating Partnerships Units
PaymentOfConversionOfOperatingPartnershipsUnits
76000
chmi Payment Of Conversion Of Operating Partnerships Units
PaymentOfConversionOfOperatingPartnershipsUnits
103000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3480000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4020000
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
49642000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1748000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1003917000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
353748000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
36136000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
17526000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91708000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40019000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127844000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57545000
us-gaap Interest Paid Net
InterestPaidNet
15429000
us-gaap Interest Paid Net
InterestPaidNet
21948000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10369000
chmi Purchase Of Residential Mortgage Backed Security Settled
PurchaseOfResidentialMortgageBackedSecuritySettled
35898000
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-42567000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
213000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6720000
CY2019Q2 chmi Unrealized Gain Loss On Investments In Servicing Related Assets
UnrealizedGainLossOnInvestmentsInServicingRelatedAssets
-44042000
CY2019Q4 chmi Variation Margin
VariationMargin
1100000
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold;">Use of Estimates</div> <div><br/></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The preparation of financial statements in conformity with GAAP requires management to make a number of significant estimates and assumptions. These include estimates of: the fair value of mortgage servicing rights (“MSRs” or “Servicing Related Assets”); residential mortgage-backed securities (“RMBS” or “securities”) and derivatives; credit losses, including the period of time during which the Company anticipates an increase in the fair values of RMBS sufficient to recover unrealized losses on those RMBS; and other estimates that affect the reported amounts of certain assets, revenues, liabilities and expenses as of the date of, and for the periods covered by, the interim consolidated financial statements. It is likely that changes in these estimates will occur in the near term. The Company’s estimates are inherently subjective. Actual results could differ from the Company’s estimates, and the differences may be material.</div>
chmi Purchase Of Residential Mortgage Backed Security Settled
PurchaseOfResidentialMortgageBackedSecuritySettled
35900000
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold;">Derivatives and Hedging Activities</div> <div><br/></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Derivative transactions include swaps, swaptions, Treasury futures and “to-be-announced” securities (“TBAs”). Swaps and swaptions are entered into by the Company solely for interest rate risk management purposes. TBAs and Treasury futures are used to manage duration risk as well as basis risk and pricing risk on the Company’s financing facilities for MSRs. The decision as to whether or not a given transaction/position (or portion thereof) is economically hedged is made on a case-by-case basis, based on the risks involved and other factors as determined by senior management, including restrictions imposed by the Code on REITs. In determining whether to economically hedge a risk, the Company may consider whether other assets, liabilities, firm commitments and anticipated transactions already offset or reduce the risk. All transactions undertaken as economic hedges are entered into with a view towards minimizing the potential for economic losses that could be incurred by the Company. Generally, derivatives entered into are not intended to qualify as hedges under GAAP, unless specifically stated otherwise.</div> <div><br/></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The Company’s bi-lateral derivative financial instruments contain credit risk to the extent that its counterparties may be unable to meet the terms of the agreements. The Company reduces such risk by limiting its exposure to any one counterparty. In addition, the potential risk of loss with any one party resulting from this type of credit risk is monitored. The Company’s interest rate swaps and Treasury futures are required to be cleared on an exchange, which further mitigates, but does not eliminate, credit risk. Management does not expect any material losses as a result of default by other parties to its derivative financial instruments.</div> <div><br/></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><span style="text-decoration: underline;">Classification</span></span> – All derivatives are recognized as either assets or liabilities on the consolidated balance sheets and measured at fair value. Due to the nature of these instruments, they may be in a receivable/asset position or a payable/liability position at the end of an accounting period. Derivative amounts payable to, and receivable from, the same party under a contract may be offset as long as the following conditions are met: (i) each of the two parties owes the other determinable amounts; (ii) the reporting party has the right to offset the amount owed with the amount owed by the other party; (iii) the reporting party intends to offset; and (iv) the right to offset is enforceable by law. The Company reports the fair value of derivative instruments gross of cash paid or received pursuant to credit support agreements, and fair value may be reflected on a net counterparty basis when the Company believes a legal right of offset exists under an enforceable master netting agreement. For further discussion on offsetting assets and liabilities, see Note 8.</div> <div><br/></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><span style="text-decoration: underline;">Revenue Recognition</span></span> – With respect to derivatives that have not been designated as hedges, any payments under, or fluctuations in the fair value of, such derivatives have been recognized currently in “Realized gain (loss) on derivatives, net” and “Unrealized gain (loss) on derivatives, net”  in the interim consolidated statements of income (loss).</div>
CY2020Q2 chmi Variation Margin
VariationMargin
42600000
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q2 chmi Gain On Sales Of Real Estate Mortgage Backed Securities
GainOnSalesOfRealEstateMortgageBackedSecurities
513000
CY2019Q2 chmi Gain On Sales Of Real Estate Mortgage Backed Securities
GainOnSalesOfRealEstateMortgageBackedSecurities
0
chmi Gain On Sales Of Real Estate Mortgage Backed Securities
GainOnSalesOfRealEstateMortgageBackedSecurities
18663000
chmi Gain On Sales Of Real Estate Mortgage Backed Securities
GainOnSalesOfRealEstateMortgageBackedSecurities
0
CY2020Q2 chmi Loss On Sales Of Real Estate Mortgage Backed Securities
LossOnSalesOfRealEstateMortgageBackedSecurities
2282000
CY2019Q2 chmi Loss On Sales Of Real Estate Mortgage Backed Securities
LossOnSalesOfRealEstateMortgageBackedSecurities
0
chmi Loss On Sales Of Real Estate Mortgage Backed Securities
LossOnSalesOfRealEstateMortgageBackedSecurities
37975000
chmi Loss On Sales Of Real Estate Mortgage Backed Securities
LossOnSalesOfRealEstateMortgageBackedSecurities
0
CY2020Q2 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
-1769000
CY2019Q2 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
0
us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
-19312000
us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
0
CY2020Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
4558000
CY2019Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-365000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-14198000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-7841000
CY2020Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-4581000
CY2019Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-3819000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
47619000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-12091000
CY2020Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6594000
CY2020Q2 chmi Net Servicing Income
NetServicingIncome
11438000
CY2019Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-48226000
CY2020Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
-30712000
us-gaap Gain Loss On Investments
GainLossOnInvestments
-97271000
us-gaap Gain Loss On Investments
GainLossOnInvestments
-91149000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold;">Changes in Presentation</div> <div><br/></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Certain prior period amounts have been reclassified to conform to current period presentation.</div>
CY2020Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3394000
chmi Unrealized Gain Loss On Investments In Servicing Related Assets
UnrealizedGainLossOnInvestmentsInServicingRelatedAssets
-110878000
chmi Unrealized Gain Loss On Investments In Servicing Related Assets
UnrealizedGainLossOnInvestmentsInServicingRelatedAssets
-71217000
CY2020Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-548000
CY2019Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-502000
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0
CY2020Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-19365000
us-gaap Revenue Recognition Dividends
RevenueRecognitionDividends
<div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold;">Dividends Payable</div> <div><br/></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Because the Company is organized as a REIT under the Code, it is required by law to distribute annually at least 90% of its REIT taxable income, which it does in the form of quarterly dividend payments. The Company accrues the dividend payable on outstanding shares, excluding treasury shares, on the accounting date, which causes an offsetting reduction in retained earnings.</div>
CY2020Q2 us-gaap Interest Income Operating
InterestIncomeOperating
10132000
CY2020Q2 us-gaap Interest Expense
InterestExpense
3425000
CY2020Q2 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
6707000
CY2020Q2 chmi Servicing Fee Income
ServicingFeeIncome
18032000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5837000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-10124000
CY2019Q2 us-gaap Interest Income Operating
InterestIncomeOperating
17216000
CY2019Q2 us-gaap Interest Expense
InterestExpense
11707000
CY2019Q2 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
5509000
CY2019Q2 chmi Servicing Fee Income
ServicingFeeIncome
18362000
CY2019Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4103000
CY2019Q2 chmi Net Servicing Income
NetServicingIncome
14259000
CY2019Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
-48226000
CY2019Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
3072000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-27158000
us-gaap Interest Income Operating
InterestIncomeOperating
30381000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
8115000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22349000
us-gaap Profit Loss
ProfitLoss
-54884000
us-gaap Interest Income Operating
InterestIncomeOperating
34185000
us-gaap Interest Expense
InterestExpense
22451000
us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
11734000
chmi Servicing Fee Income
ServicingFeeIncome
35550000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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chmi Net Servicing Income
NetServicingIncome
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us-gaap Noninterest Income Other
NoninterestIncomeOther
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us-gaap Other Cost And Expense Operating
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Profit Loss
ProfitLoss
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CY2020Q2 us-gaap Investments
Investments
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CY2020Q2 us-gaap Other Assets
OtherAssets
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CY2020Q2 us-gaap Assets
Assets
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CY2020Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
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CY2020Q2 us-gaap Other Liabilities
OtherLiabilities
70235000
CY2020Q2 us-gaap Liabilities
Liabilities
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CY2020Q2 chmi Assets Liabilities Net Book Value
AssetsLiabilitiesNetBookValue
350831000
CY2019Q4 us-gaap Investments
Investments
2799471000
CY2019Q4 us-gaap Other Assets
OtherAssets
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CY2019Q4 us-gaap Assets
Assets
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CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
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CY2019Q4 us-gaap Other Liabilities
OtherLiabilities
40282000
CY2019Q4 us-gaap Liabilities
Liabilities
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CY2019Q4 chmi Assets Liabilities Net Book Value
AssetsLiabilitiesNetBookValue
411643000
CY2020Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
13.98
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
235950
CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
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CY2020Q2 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2020Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
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CY2019Q2 chmi Management Fee And Expense Reimbursement To Affiliate
ManagementFeeAndExpenseReimbursementToAffiliate
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CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1748000
CY2020Q1 chmi Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
0
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
0
CY2020Q2 chmi Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
0
CY2020Q2 chmi Noncontrolling Interest In Operating Partnership Conversion Of Units
NoncontrollingInterestInOperatingPartnershipConversionOfUnits
0
chmi Increase Decrease Dividends Payable
IncreaseDecreaseDividendsPayable
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CY2020Q2 chmi Unrealized Gain Loss On Investments In Servicing Related Assets
UnrealizedGainLossOnInvestmentsInServicingRelatedAssets
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CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Interest Expense
InterestExpense
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us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
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chmi Servicing Fee Income
ServicingFeeIncome
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us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12716000
chmi Net Servicing Income
NetServicingIncome
24835000
us-gaap Noninterest Income Other
NoninterestIncomeOther
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16895408
CY2020Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2461000
CY2019Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2593000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4920000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4434000
CY2020Q2 chmi Comprehensive Income Loss Net Of Tax Attributable To Parent Less Preferred Stock Dividends
ComprehensiveIncomeLossNetOfTaxAttributableToParentLessPreferredStockDividends
3088000
CY2019Q2 chmi Comprehensive Income Loss Net Of Tax Attributable To Parent Less Preferred Stock Dividends
ComprehensiveIncomeLossNetOfTaxAttributableToParentLessPreferredStockDividends
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chmi Investment In Servicing Related Assets Weighted Average Maturity Period
InvestmentInServicingRelatedAssetsWeightedAverageMaturityPeriod
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CY2020Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
24126677000
CY2020Q2 chmi Investment In Servicing Related Assets Change In Fair Value In Other Income Loss
InvestmentInServicingRelatedAssetsChangeInFairValueInOtherIncomeLoss
-110878000
CY2019Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
29068126000
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2019 chmi Number Of Units And Shares Remaining Available For Future Issuance Under Equity Compensation Plans In Shares
NumberOfUnitsAndSharesRemainingAvailableForFutureIssuanceUnderEquityCompensationPlansInShares
0
CY2020Q2 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
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CY2020Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
177261000
CY2020Q2 chmi Investment In Servicing Related Assets Weighted Average Coupon
InvestmentInServicingRelatedAssetsWeightedAverageCoupon
0.0416
CY2019Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
397883000
CY2019Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
291111000
CY2019Q4 chmi Investment In Servicing Related Assets Weighted Average Coupon
InvestmentInServicingRelatedAssetsWeightedAverageCoupon
0.0418
CY2019 chmi Investment In Servicing Related Assets Weighted Average Maturity Period
InvestmentInServicingRelatedAssetsWeightedAverageMaturityPeriod
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CY2019Q4 chmi Investment In Servicing Related Assets Change In Fair Value In Other Income Loss
InvestmentInServicingRelatedAssetsChangeInFairValueInOtherIncomeLoss
-106772000
CY2020Q2 chmi Investment In Servicing Related Assets Unpaid Principal Balance Percentage
InvestmentInServicingRelatedAssetsUnpaidPrincipalBalancePercentage
1.000
CY2019Q4 chmi Investment In Servicing Related Assets Unpaid Principal Balance Percentage
InvestmentInServicingRelatedAssetsUnpaidPrincipalBalancePercentage
1.000
us-gaap Sale Of Stock Transaction Date
SaleOfStockTransactionDate
2013-10-09
CY2020Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
527010
CY2018Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
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CY2019Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1168838
CY2019Q2 chmi Number Of Units And Shares Remaining Available For Future Issuance Under Equity Compensation Plans In Shares
NumberOfUnitsAndSharesRemainingAvailableForFutureIssuanceUnderEquityCompensationPlansInShares
12789
CY2019Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
16.42
CY2019Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1156049
CY2019Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
16.68
CY2019Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1156049
CY2020Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1114149
CY2020Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1082253
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-10124000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-27158000
us-gaap Profit Loss
ProfitLoss
-54884000
us-gaap Profit Loss
ProfitLoss
-48296000
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-180000
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-438000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1014000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-787000
CY2020Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2461000
CY2019Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
2593000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4920000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
4434000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-29313000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16881987
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16776472
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16746668
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16708471
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16895408
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16789261
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16759818
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16721260
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.11
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.75
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
chmi Percentage Of Gross Equity Paid To Manager As Annual Management Fee
PercentageOfGrossEquityPaidToManagerAsAnnualManagementFee
0.015
chmi Management Agreement Renewal Period
ManagementAgreementRenewalPeriod
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chmi Management Agreement Subject To Termination Notice Period For Termination To Manager
ManagementAgreementSubjectToTerminationNoticePeriodForTerminationToManager
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chmi Management Agreement Subject To Termination Period Of Notice By Manager In The Event Of Default
ManagementAgreementSubjectToTerminationPeriodOfNoticeByManagerInTheEventOfDefault
P60D
chmi Management Agreement Subject To Termination Period Of Termination Fee Payment In The Event Of Default
ManagementAgreementSubjectToTerminationPeriodOfTerminationFeePaymentInTheEventOfDefault
P30D
CY2020Q2 us-gaap Management Fee Expense
ManagementFeeExpense
1736000
CY2019Q2 us-gaap Management Fee Expense
ManagementFeeExpense
1696000
CY2020Q2 chmi Compensation Reimbursement
CompensationReimbursement
238000
CY2019Q2 chmi Compensation Reimbursement
CompensationReimbursement
238000
chmi Compensation Reimbursement
CompensationReimbursement
476000
chmi Compensation Reimbursement
CompensationReimbursement
476000
CY2020Q2 chmi Management Fee And Expense Reimbursement To Affiliate
ManagementFeeAndExpenseReimbursementToAffiliate
1974000
CY2019Q2 chmi Management Fee And Expense Reimbursement To Affiliate
ManagementFeeAndExpenseReimbursementToAffiliate
1934000
chmi Management Fee And Expense Reimbursement To Affiliate
ManagementFeeAndExpenseReimbursementToAffiliate
3939000
chmi Management Fee And Expense Reimbursement To Affiliate
ManagementFeeAndExpenseReimbursementToAffiliate
3743000
chmi Subservicing Of Financial Assets Agreements Additional Term
SubservicingOfFinancialAssetsAgreementsAdditionalTerm
P3Y
CY2020Q2 chmi Mortgage Servicing Right
MortgageServicingRight
15700000
chmi Proceeds From Sale Of Excess Mortgage Servicing Rights
ProceedsFromSaleOfExcessMortgageServicingRights
15800000
chmi Realized Gain Loss On Excess Of Mortgage Servicing Rights
RealizedGainLossOnExcessOfMortgageServicingRights
-11300000
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
11500000
CY2020Q2 chmi Gain Loss On Loans Repurchased
GainLossOnLoansRepurchased
25000
chmi Gain Loss On Loans Repurchased
GainLossOnLoansRepurchased
-176000
chmi Gain Loss On Loans Repurchased
GainLossOnLoansRepurchased
0
CY2019Q2 chmi Gain Loss On Loans Repurchased
GainLossOnLoansRepurchased
0
chmi Foreclosure Related Gains
ForeclosureRelatedGains
71000
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.030
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
2297000
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
18289000
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
34008000
CY2020Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
597000
CY2020Q2 us-gaap Derivative Assets
DerivativeAssets
33411000
CY2020Q2 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
21658000
CY2020Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
11753000
CY2020Q2 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
0
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1415227000
CY2020Q2 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
597000
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
1414630000
CY2020Q2 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
1393012000
CY2020Q2 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
21618000
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
20586000
CY2019Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
0
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
2352272000
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
2297000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
2349975000
chmi Percentage Of Gross Equity Paid To Manager As Annual Management Fee
PercentageOfGrossEquityPaidToManagerAsAnnualManagementFee
0.015
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0
CY2020Q2 chmi Obligations To Sell
ObligationsToSell
0
CY2019Q4 us-gaap Purchase Obligation
PurchaseObligation
0
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
18289000
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0
CY2019Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
2282938000
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
67037000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0
CY2020Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0
CY2019Q4 chmi Obligations To Sell
ObligationsToSell
0
CY2020Q2 us-gaap Purchase Obligation
PurchaseObligation
0
CY2020Q2 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
1400000000
CY2019Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
2300000000
chmi Repurchase Agreements Maturity Period
RepurchaseAgreementsMaturityPeriod
P45D
CY2019 chmi Repurchase Agreements Maturity Period
RepurchaseAgreementsMaturityPeriod
P42D
CY2020Q2 chmi Repurchase Agreement Obligation Less Than One Month Maturities
RepurchaseAgreementObligationLessThanOneMonthMaturities
385573000
CY2020Q2 chmi Repurchase Agreement Less Than One Month Weighted Average Rate
RepurchaseAgreementLessThanOneMonthWeightedAverageRate
0.0063
CY2020Q2 chmi Repurchase Agreement Obligation One To Three Months Maturities
RepurchaseAgreementObligationOneToThreeMonthsMaturities
938842000
CY2020Q2 chmi Repurchase Agreement One To Three Months Weighted Average Rate
RepurchaseAgreementOneToThreeMonthsWeightedAverageRate
0.0030
CY2020Q2 chmi Repurchase Agreement Obligation Greater Than Three Months Maturities
RepurchaseAgreementObligationGreaterThanThreeMonthsMaturities
70902000
CY2020Q2 chmi Repurchase Agreement Greater Than Three Months Weighted Average Rate
RepurchaseAgreementGreaterThanThreeMonthsWeightedAverageRate
0.0034
CY2020Q2 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
1395317000
CY2020Q2 chmi Repurchase Agreement Weighted Average Rate
RepurchaseAgreementWeightedAverageRate
0.0039
CY2019Q4 chmi Repurchase Agreement Obligation Less Than One Month Maturities
RepurchaseAgreementObligationLessThanOneMonthMaturities
928646000
CY2019Q4 chmi Repurchase Agreement Less Than One Month Weighted Average Rate
RepurchaseAgreementLessThanOneMonthWeightedAverageRate
0.0224
CY2019Q4 chmi Repurchase Agreement Obligation One To Three Months Maturities
RepurchaseAgreementObligationOneToThreeMonthsMaturities
1231422000
chmi Increase Decrease Dividends Payable
IncreaseDecreaseDividendsPayable
-1478000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-10753000
chmi Proceeds From Principal Paydown Of Agency Residential Mortgage Backed Security
ProceedsFromPrincipalPaydownOfAgencyResidentialMortgageBackedSecurity
151507000
chmi Payments To Acquire Mortgage Servicing Rights
PaymentsToAcquireMortgageServicingRights
24783000
chmi Payments To Acquire Mortgage Servicing Rights
PaymentsToAcquireMortgageServicingRights
50009000
us-gaap Payments For Hedge Investing Activities
PaymentsForHedgeInvestingActivities
890000
us-gaap Payments For Hedge Investing Activities
PaymentsForHedgeInvestingActivities
393000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1010213000
chmi Long Term Incentive Plan Distributions Paid
LongTermIncentivePlanDistributionsPaid
269000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2000000
CY2020Q2 chmi Servicing Advances
ServicingAdvances
11353000
CY2019Q4 chmi Repurchase Agreement One To Three Months Weighted Average Rate
RepurchaseAgreementOneToThreeMonthsWeightedAverageRate
0.0194
CY2019Q4 chmi Repurchase Agreement Obligation Greater Than Three Months Maturities
RepurchaseAgreementObligationGreaterThanThreeMonthsMaturities
177570000
CY2019Q4 chmi Repurchase Agreement Greater Than Three Months Weighted Average Rate
RepurchaseAgreementGreaterThanThreeMonthsWeightedAverageRate
0.0198
CY2019Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
2337638000
CY2019Q4 chmi Repurchase Agreement Weighted Average Rate
RepurchaseAgreementWeightedAverageRate
0.0206
CY2019 chmi Number Of Overnight And Demand Securities
NumberOfOvernightAndDemandSecurities
0
chmi Number Of Overnight And Demand Securities
NumberOfOvernightAndDemandSecurities
0
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
132000000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
132000000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
154500000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
10996000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
167496000
CY2019Q4 chmi Servicing Advances
ServicingAdvances
16647000
CY2020Q2 us-gaap Interest Receivable
InterestReceivable
4255000
CY2019Q4 us-gaap Interest Receivable
InterestReceivable
8222000
CY2020Q2 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
37093000
CY2019Q4 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
14744000
CY2020Q2 chmi Repurchased Loans Held For Sale
RepurchasedLoansHeldForSale
1689000
CY2019Q4 chmi Repurchased Loans Held For Sale
RepurchasedLoansHeldForSale
3839000
CY2020Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
7113000
CY2019Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
3632000
CY2020Q2 chmi Receivables And Other Assets
ReceivablesAndOtherAssets
61503000
CY2019Q4 chmi Receivables And Other Assets
ReceivablesAndOtherAssets
47084000
CY2020Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1757000
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
10779000
CY2020Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3078000
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
4809000
CY2020Q2 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
4835000
CY2019Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
15588000
chmi Percentage Of Taxable Income That Must Be Distributed To Qualify As Areit
PercentageOfTaxableIncomeThatMustBeDistributedToQualifyAsAREIT
0.90
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-20713000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-7618000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1636000
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1719000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22349000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9337000
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-16219000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-12083000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
4494000
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.058
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-4465000
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.077
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-22349000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.289
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9337000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.163
CY2020Q2 chmi Deferred Tax Asset Mortgage Servicing Rights
DeferredTaxAssetMortgageServicingRights
34329000
CY2019Q4 chmi Deferred Tax Asset Mortgage Servicing Rights
DeferredTaxAssetMortgageServicingRights
13045000
CY2020Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2764000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1699000
CY2020Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
37093000
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
14744000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2020Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The repurchase agreements had the following remaining maturities and weighted average rates as of the dates indicated (dollars in thousands):</div> <div><br/></div> <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Repurchase Agreements Characteristics</div> <div><br/></div> <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">As of June 30, 2020</div> <div><br/></div> <table cellpadding="0" cellspacing="0" id="z5feb247a60764abbb01cd2da49acecf8" style="font-family: Arial; font-size: 9pt; text-align: left; color: #000000; width: 100%;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"><div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div></td> <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"><div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Repurchase</div><div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Agreements</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"><div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Weighted Average</div><div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Rate</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 76%; background-color: #CCEEFF;" valign="bottom"><div style="text-align: left; text-indent: -9pt; margin-left: 9pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Less than one month</div></td> <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$</div></td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">385,573</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">0.63</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">%</div></td> </tr> <tr> <td style="vertical-align: middle; width: 76%;" valign="bottom"><div style="text-align: left; text-indent: -9pt; margin-left: 9pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">One to three months</div></td> <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">938,842</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">0.30</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">%</div></td> </tr> <tr> <td style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;" valign="bottom"><div style="text-align: left; text-indent: -9pt; margin-left: 9pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Greater than three months</div></td> <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">70,902</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">0.34</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">%</div></td> </tr> <tr> <td style="vertical-align: middle; width: 76%;" valign="bottom"><div style="text-align: left; text-indent: -9pt; margin-left: 9pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Total/Weighted Average</div></td> <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">$</div></td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">1,395,317</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">0.39</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">%</div></td> </tr> </table> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div> <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">As of December 31, 2019</div> <div><br/></div> <table cellpadding="0" cellspacing="0" id="zc5a2be6d20a64956957b92c92bc44ade" style="font-family: Arial; font-size: 9pt; text-align: left; color: #000000; width: 100%;"> <tr> <td style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"><div style="text-align: left; text-indent: -9pt; margin-left: 9pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> </div></td> <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"><div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Repurchase<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br/></span>Agreements</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: #000000 solid 2px; white-space: nowrap;" valign="bottom"><div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Weighted Average</div><div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Rate</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: middle; width: 76%; background-color: #CCEEFF;" valign="bottom"><div style="text-align: left; text-indent: -9pt; margin-left: 9pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Less than one month</div></td> <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">$</div></td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">928,646</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">2.24</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">%</div></td> </tr> <tr> <td style="vertical-align: middle; width: 76%;" valign="bottom"><div style="text-align: left; text-indent: -9pt; margin-left: 9pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">One to three months</div></td> <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">1,231,422</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">1.94</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">%</div></td> </tr> <tr> <td style="vertical-align: middle; width: 76%; padding-bottom: 2px; background-color: #CCEEFF;" valign="bottom"><div style="text-align: left; text-indent: -9pt; margin-left: 9pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Greater than three months</div></td> <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">177,570</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">1.98</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF; white-space: nowrap;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;">%</div></td> </tr> <tr> <td style="vertical-align: middle; width: 76%;" valign="bottom"><div style="text-align: left; text-indent: -9pt; margin-left: 9pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Total/Weighted Average</div></td> <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">$</div></td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">2,337,638</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">2.06</div></td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"><div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">%</div></td> </tr> </table>
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12405000
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1636000
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1719000

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