Company: CIMO
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023813
Chunk: 51

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 51
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 provides a summary of the changes in the carrying value of Loans held for investment at fair value at March 31, 2025 and December 31, 2024:For the Quarter EndedFor the Year EndedMarch 31, 2025December 31, 2024 (dollars in thousands)Balance, beginning of period$11,196,678 $11,397,046 Purchases38,470 1,062,699 Principal paydowns(347,749)(1,309,843)Sales and settlements(53,090)(116,652)Net periodic accretion (amortization)(2,399)(39,236)Change in fair value151,930 202,664 Balance, end of period$10,983,840 $11,196,678 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 quarter ended March 31, 2025 and the year ended December 31, 2024, respectively.Residential mortgage loansThe loan portfolio for all residential mortgages were originated during the following periods:Origination YearMarch 31, 2025December 31, 20242002 and prior4.9 %5.0 %20034.4 %4.4 %20048.3 %8.2 %200514.3 %14.1 %200618.2 %18.0 %200720.1 %20.9 %20086.0 %6.8 %20091.4 %1.7 %2010 and later22.4 %20.9 %Total100.0 %100.0 %      The following table presents a summary of key characteristics of the residential loan portfolio at March 31, 2025 and December 31, 2024: March 31, 2025December 31, 2024Number of loans 102,392 103,571Weighted average maturity (years) 20.52 20.4Weighted average loan to value (1) 78.7 % 78.4 %Weighted average FICO 670 667Weighted average loan balance (in thousands) $110  $108 Weighted average percentage owner occupied 82.5