Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 142

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 142
---
 Quarters Ended June 30, 2025June 30, 2024 (dollars in thousands)Interest income, Assets of consolidated VIEs$141,818 $144,027 Interest expense, Non-recourse liabilities of VIEs73,038 69,692 Net interest income$68,780 $74,335 Increase (decrease) in provision for credit losses$1,903 $1,784 Servicing fees$5,957 $6,567  For the Six Months Ended June 30, 2025June 30, 2024 (dollars in thousands)Interest income, Assets of consolidated VIEs$286,220 $290,943 Interest expense, Non-recourse liabilities of VIEs142,690 142,815 Net interest income$143,530 $148,128 Increase (decrease) in provision for credit losses$3,050 $2,734 Servicing fees$12,127 $12,827 

VIEs for Which the Company is Not the Primary BeneficiaryThe Company is not required to consolidate VIEs in which it has concluded it does not have a controlling financial interest, and thus is not the primary beneficiary. In such cases, the Company does not have both the power to direct the entities’ most significant activities, such as rights to replace the servicer without cause, and the obligation to absorb losses or right to receive benefits that could potentially be significant to the VIEs. The Company’s investments in these unconsolidated VIEs are carried in Non-Agency RMBS on the Consolidated Statements of Financial Condition and include senior and subordinated bonds issued by the VIEs. 

37

The fair value of the Company’s investments in each unconsolidated VIEs at June 30, 2025, ranged from less than $1 million to $21 million with an aggregate amount of $791 million. The fair value of the Company’s investments in each unconsolidated VIEs at December 31, 2024, ranged from less than $1 million to $21 million, with an aggregate amount of $835 million. The Company’s maximum exposure to loss from these unconsolidated VIEs was $775 million and $830 million and at June 30, 2025 and December 31, 2024, respectively. The maximum exposure to loss was determined as