Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 143

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 143
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15%5.82% - 6.77%180 days to 1 year306,766 6.99% 5.16% - 8.38%409,760 6.79%5.80% - 7.49%1 to 2 years439,261 8.16% 5.36% - 8.41%— N/AN/A2 to 3 years316,684 5.01%5.01% - 5.01%337,245 5.02%5.02% - 5.02%Total$4,884,006 5.33%$2,842,160 6.48%(1) The values for secured financing agreements in the table above is net of $389 thousand of deferred financing costs as of September 30, 2025.Secured Financing Agreements at fair value

The Company has a secured financing agreement for which the Company has elected fair value option. The Company believes electing fair value for this financial instrument better reflects the transactional economics. The total principal balance outstanding on this secured financing at September 30, 2025 and December 31, 2024 was $317 million and $337 million, respectively. The fair value of collateral pledged was $369 million and $383 million as of September 30, 2025 and December 31, 2024, respectively. The Company carries this secured financing instrument at fair value of $310 million and $319 million as of September 30, 2025 and December 31, 2024, respectively. At September 30, 2025 and December 31, 2024, the weighted average borrowing rate on secured financing agreements at fair value was 5.0%. At September 30, 2025 and December 31, 2024, the haircut for the secured financing agreements at fair value was 7.5%. At September 30, 2025, the maturity on the secured financing agreements at fair value was more than two years. 

7. Securitized Debt

All of the Company’s securitized debt is collateralized by residential mortgage loans or Non-Agency RMBS. For financial reporting purposes, the Company’s securitized debt is accounted for as secured borrowings. Thus, the residential mortgage loans or RMBS held as collateral are recorded in the assets of the Company as Loans held for investment or Non-Agency