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Freedom Mortgage Corporation Announces Closing of Initial Public Offering of its Strategic Alliance Partner

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Mount Laurel, NJ - Oct 9, 2013 (BUSINESS WIRE) - Freedom Mortgage Corporation, a national mortgage lender licensed in 50 states (the "Company"), announced today the closing of the initial public offering of 6,500,000 shares of common stock of its strategic alliance partner, Cherry Hill Mortgage Investment Corporation (NYSE: CHMI), at a public offering price of $20.00 per share.

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. Cherry Hill Mortgage Investment Corporation is externally managed and advised by Cherry Hill Mortgage Management, LLC, which is an affiliate of Freedom Mortgage Corporation.

Cherry Hill Mortgage Investment Corporation used a portion of the proceeds of the offering, together with additional proceeds from the sale of an additional 1,000,000 shares of common stock at the public offering price in a concurrent private placement, to acquire interests in mortgage servicing rights, from the Company.

A registration statement relating to the shares sold by Cherry Hill Mortgage Investment Corporation in the offering was declared effective by the Securities and Exchange Commission on September 30, 2013. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Freedom Mortgage

Freedom Mortgage is a non-bank, full-service mortgage company that provides mortgage loan servicing and originations through retail, wholesale, and correspondent channels. As the nation's fifth largest mortgage provider, licensed in all 50 states, Freedom Mortgage is renowned for providing world-class service to its clients, borrowers and partners. The company was founded in 1990 and is headquartered in Mount Laurel, New Jersey.

Forward-Looking Statements

Freedom Mortgage Corporation is a privately held company. This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected benefits to consumers from using Freedom Mortgage Corporation's services. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of risks and uncertainties. Any forward-looking statements in this release are based on limited information currently available to Freedom Mortgage Corporation, which is subject to change, and Freedom Mortgage Corporation will not necessarily update the information.

CORPORATE CONTACT
Audrey Shapiro
Freedom Mortgage Corporation
856-380-9073
public.relations@freedommortgage.com

PRESS CONTACT
Jim Hennessy
Strategic Vantage Marketing & Public Relations
858-774-0201
JimHennessy@StrategicVantage.com

Media inquiries


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Reach us at the email below

Public.Relations@FreedomMortgage.com

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Recent Press Releases


INITIATIVES

June 13, 2022


Freedom Mortgage Kicks Off 10th Anniversary of the Rucksacks to Backpacks Campaign

Company encourages everyone to join fundraiser to provide children of military families with school supplies

HONORS

March 7, 2022


Freddie Mac Honors Freedom Mortgage for Superior Loan Servicing for 6th Straight Year

Company acknowledged for outstanding customer service and positive efforts to prevent and alleviate loan delinquencies

HONORS

March 7, 2022


Fannie Mae Honors Freedom Mortgage with STAR Performer Award, 6th Year in a Row

Recognized in General Servicing for Excellence in 2021, Helping Americans Become Homeowners While Providing Exceptional Customer Service and Industry Best Practices