Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 123

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 123
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 Agency CMBSProject loans39,719 35,715 40,882 34,370 Interest-only289,334 5,964 449,437 6,408 Loans held for investment, at fair value10,889,146 10,640,298 11,659,420 11,196,678 Liabilities (1):  Secured Financing Agreements, at fair value321,856 313,526 337,245 319,456 Securitized debt at fair value, collateralized by Loans held for investment7,460,570 6,970,800 7,570,721 6,984,495 (1) The Company recorded $1 million unrealized loss for contingent earn-out liability as of June 30, 2025. The contingent earn-out liability balance is included in Accounts payable and other liabilities on the Company’s Consolidated Statement of Financial Condition. The table below shows the impact of change in fair value on each of the financial instruments carried at fair value with changes in fair value reflected in earnings under the fair value option election in the Consolidated Statement of Operations for the quarter and six months ended June 30, 2025 and 2024:

24

For the Quarters EndedSix Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024(dollars in thousands)(dollars in thousands) Gain/(Loss) on Change in Fair ValueGain/(Loss) on Change in Fair ValueAssets: Non-Agency RMBSSenior$1,057 $(210)$1,284 $(13)Subordinated40 4,419 1,323 7,723 Interest-only2,895 (3,633)12,730 (12,288)Agency RMBSPass-through20,736 — 20,005 — CMO394 (689)1,861 (689)Interest-only294 199 (310)(209)Agency CMBSProject loans1,884 38 2,523 3,112 Interest-only(296)98 73 (357)Loans held for investment, at fair value57,139 43,921 209,070 117,947 Liabilities: (1) Secured Financing Agreements, at fair value(3,285)1,386 (