Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 374

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 15
Chunk 374
---
ization)(39,236)(51,005)Change in fair value202,664 85,311 Balance, end of period$11,196,678 $11,397,046 The primary cause of the change in fair value is due to market demand, interest rates and changes in credit risk of mortgage loans. The Company did not retain any beneficial interests on loan sales during the years ended December 31, 2024 and December 31, 2023, respectively.

106

Residential mortgage loansThe loan portfolio for all residential mortgages were originated during the following periods:Origination YearDecember 31, 2024December 31, 2023 (1)2002 and prior5.0 %5.5 %20034.4 %4.8 %20048.2 %9.0 %200514.1 %15.3 %200618.0 %19.2 %200720.9 %20.9 %20086.8 %6.5 %20091.7 %1.5 %2010 and later20.9 %17.3 %Total100.0 %100.0 %        (1) The above table excludes approximately $152 million of Loans held for investment for December 31, 2023 which was purchased prior to the reporting date, but not settled as of the reporting date.The following table presents a summary of key characteristics of the residential loan portfolio at December 31, 2024 and December 31, 2023: December 31, 2024December 31, 2023 (1)Number of loans 103,571 112,572Weighted average maturity (years) 20.4 21.0Weighted average loan to value (2) 78.4 % 79.0 %Weighted average FICO 667 665Weighted average loan balance (in thousands) $108  $106 Weighted average percentage owner occupied 85.0 % 86.0 %Weighted average percentage single family residence 77.4 % 78.4 %Weighted average geographic concentration of top five statesCA15.5 %CA14.7 %FL8.8 %FL8.8 %NY8.7 %NY8.6 %PA4.3 %PA4.