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Cherry Hill Mortgage, RoundPoint announce MSR purchase, subservicing agreements

Cherry Hill Mortgage Investment Corp. and RoundPoint Mortgage Servicing Corp. have entered into a purchase and sale agreement for flow purchases by a Cherry Hill unit of up to $2 billion per month of conventional mortgage servicing rights originated through RoundPoint's co-issue program during the next 24 months.

RoundPoint will subservice the mortgage servicing rights for Cherry Hill.