Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 367

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 15
Chunk 367
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ed AverageWeighted AverageWeighted AverageNon-Agency RMBSSenior$98,394 6.2%2.3%35.3%Subordinated$75,005 6.2%0.7%38.9%The increase in the allowance for credit losses for the year ended December 31, 2024 is primarily due to increases in expected losses and delinquencies as compared to the same period of 2023. In addition, certain Non-Agency RMBS positions now have higher unrealized losses and resulted in the recognition of an allowance for credit losses which was previously limited by unrealized gains on these investments.The following tables present a summary of unrealized gains and losses at December 31, 2024 and December 31, 2023.

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December 31, 2024  (dollars in thousands) Gross Unrealized Gain Included in Accumulated Other Comprehensive IncomeGross Unrealized Gain Included in Cumulative EarningsTotal Gross Unrealized GainGross Unrealized Loss Included in Accumulated Other Comprehensive IncomeGross Unrealized Loss Included in Cumulative EarningsTotal Gross Unrealized LossNon-Agency RMBS      Senior$164,600 $— $164,600 $(4,483)$(1,285)$(5,767)Subordinated9,774 10,393 20,167 (10,442)(17,459)(27,901)Interest-only— 13,164 13,164 — (93,400)(93,400)Agency RMBS    CMO— 106 106 — (2,972)(2,972)Interest-only— 1,410 1,410 — (4,220)(4,220)Agency CMBSProject loans— — — — (7,132)(7,132)Interest-only— 949 949 — (675)(675)Total$174,374 $26,022 $200,396 $(14,925)$(127,142)$(142,067)December 31, 2023   (dollars in thousands)  Gross Unrealized Gain Included in Accumulated Other Comprehensive IncomeGross Unrealized Gain Included in Cumulative EarningsTotal Gross Unrealized GainGross Unrealized Loss Included in Accumulated Other Comprehensive IncomeGross Unrealized Loss Included in Cumulative EarningsTotal Gross Unrealized LossNon-A