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Cherry Hill Mortgage Investment Corp (CHMI.N)

CHMI.N on New York Stock Exchange

18.80USD
10 Dec 2018
Change (% chg)

$-0.08 (-0.42%)
Prev Close
$18.88
Open
$18.96
Day's High
$18.98
Day's Low
$18.63
Volume
50,528
Avg. Vol
36,725
52-wk High
$19.35
52-wk Low
$16.03

Summary

Name Age Since Current Position

Stanley Middleman

61 2012 Non-Executive Chairman of the Board, Director

Jeffrey Lown

52 President, Chief Investment Officer, Director

Martin Levine

63 2012 Chief Financial Officer, Treasurer, Secretary

Robert Mercer

2017 Independent Director

Joseph Murin

65 Independent Director

Biographies

Name Description

Stanley Middleman

Mr. Stanley Middleman is Non-Executive Chairman of the Board of Cherry Hill Mortgage Investment Corp. He is also the founder, President and Chief Executive Officer of Freedom Mortgage Corporation (“Freedom Mortgage”) and the sole member of our external manager, Cherry Hill Mortgage Management, LLC (the “Manager”). He is an active member of the Mortgage Bankers Association and served on numerous advisory boards including Freddie Mac from 2002 to 2010, Ellie Mae, Inc. (a provider of business automation software for the U.S. mortgage industry) from 2000 to 2001, and Fannie Mae from 2005 to 2006.

Jeffrey Lown

Mr. Jeffrey Lown II is President, Chief Investment Officer, Director of Cherry Hill Mortgage Investment Corp. Mr. Lown has served as President and Chief Investment Officer since inception in October 2012 and as Manager’s President and Chief Investment Officer since its inception in November 2012. Mr. Lown has over 20 years of combined experience in the financial services industry and the residential mortgage markets. Mr. Lown joined Freedom Mortgage in April 2012 and has served as Executive Vice President in charge of strategic funding projects and capital markets. Prior to joining Freedom Mortgage, Mr. Lown served as a Portfolio Manager at Avenue Capital Group from April 2011 to January 2012. Prior to co-founding and serving as a principal of GreenLake Investment Partners, LLC in the fall of 2010, Mr. Lown spent 11 months at NewOak Capital LLC as head of the residential mortgage loan business and as a member of the bank advisory group. Prior to joining NewOak Capital, Mr. Lown was a fellow at the Office of Thrift Supervision, or OTS, from March 2008 through September 2009. At the OTS, he served as an advisor to the Senior Deputy Director’s office, and focused on residential mortgage loan origination and residential asset valuation and RMBS. Noteworthy assignments included participating in the creation of the Obama administration’s “Making Home Affordable” modification program, the review of TARP Capital Purchase Program applications for OTS thrifts and working with the Acting Deputy Director of Examinations, Supervision, and Consumer Protection and regional staff on troubled institutions.

Martin Levine

Mr. Martin Levine is Chief Financial Officer, Treasurer and Secretary of Cherry Hill Mortgage Investment Corp. Mr. Levine joined Freedom Mortgage in 2012 and has over 30 years of industry experience. Mr. Levine was brought on to Freedom Mortgage’s senior management to spearhead the firm’s servicing oversight operations and financial reporting of its multi-billion dollar servicing portfolio. Prior to joining Freedom Mortgage, Mr. Levine was Executive in Charge of Loan Administration at Real Estate Mortgage Network, Inc. from April 2008 to May 2011, where he was responsible for handling and resolving all legacy issues. From July 1999 to March 2007, Mr. Levine was Executive Vice President and Chief Operating Officer at Opteum Financial Services, a taxable REIT subsidiary of Opteum Mortgage Management, Inc. At Opteum, Mr. Levine was in charge of managing all aspects of the daily operations of Opteum’s TRS including finance, human resources, technology, risk management, compliance and audit functions. During his eight year tenor at Opteum, Mr. Levine set the vision, offered executive sponsorship and ensured execution of multi-business strategic initiatives including heading up risk management of the firm’s portfolio of retained mortgage servicing rights and implementing a change of process and system to comply with the Sarbanes Oxley Act. Mr. Levine served as Vice President, Chief Financial Officer and Treasurer for Pan American Properties a publicly listed real estate investment trust from October 1982 to February 1986. Prior to Pan American Properties, Mr. Levine spent the first nine years of his career working as a licensed CPA for public accounting firms including Kenneth Leventhal & Company (from January 1981 to October 1982), Coopers and Lybrand (from January 1980 to January 1981) and Touche, Ross and Company (from July 1973 to January 1980).

Robert Mercer

Joseph Murin

Mr. Joseph J. Murin is an Independent Director of Cherry Hill Mortgage Investment Corp. Since September 2009, Mr. Murin has served as the Chairman of The Collingwood Group LLC. Since September 2012, Mr. Murin has served as President of NewDay Financial LLC, a mortgage lender that provides homeowners with FHA, VA and reverse mortgage loans, and as Chairman of the Board of Directors of Chrysalis Holdings, LLC, a private investment firm focused on building and growing successful businesses that provide home financing, data analytics and technology solutions in the mortgage banking and financial services industries. From October 2001 to October 2007, Mr. Murin served, and since December 2009, he has served, as a director of the Point Park University. From July 2011 to August 2012, Mr. Murin served as the Chief Executive Officer of National Real Estate Information Services, a portfolio company owned by funds managed by affiliates of Fortress Investment Group, LLC. President George W. Bush nominated Mr. Murin in October 2007 to serve as President of Ginnie Mae, a position which he held from July 2008 to August 2009. He also served as a consultant to the White House until he was confirmed by the U.S. Senate from January 2008 until May 2008. Prior to his nomination to serve as President of Ginnie Mae, Mr. Murin was with HUD for two years, to which he brought more than 40 years of diverse experience in the financial services, mortgage and banking industries. This experience includes having served as the Chief Executive Officer of a number of financial organizations such as Century Mortgage Co. from September 1986 to January 1989, Lender’s Service Inc. from May 1991 to December 2001, and Mortgage Settlement Network Innovations from September 2004 to August 2007. Mr. Murin served as a director for iGATE Corporation (NASDAQ: IGTE) from August 2009 to April 2013. Mr. Murin holds a bachelor’s degree in business from National Louis University.

Basic Compensation

Name Fiscal Year Total

Stanley Middleman

--

Jeffrey Lown

144,975

Martin Levine

396,650

Robert Mercer

--

Joseph Murin

--
As Of  31 Dec 2014

Options Compensation