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Cherry Hill Mortgage Investment evaluating amortization methodology process

Cherry Hill Mortgage Investment Corp. is delaying the release of its fourth-quarter and full-year 2017 results since it is completing an evaluation of its amortization methodology process.

The company expects to file the full results and its Form 10-K with the SEC as soon as possible and will reschedule its earnings call, which was earlier scheduled to happen March 14.

Cherry Hill said it acquired more than $2 billion in conventional mortgage servicing rights in the fourth quarter of 2017, and its book value as of Dec. 31, 2017, was $20.44 per share, up 1.9% from Sept. 30, 2017, net of the company's fourth-quarter 2017 dividend.