Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 118

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 118
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2 %29.4 %2008 and later14.3 %23.0 %Total100.0 %100.0 %

Gross realized gains and losses are recorded in “Net realized gains (losses) on sales of investments” on the Company’s Consolidated Statements of Operations. The proceeds and gross realized gains and gross realized losses from sales of investments for the quarter and nine months ended September 30, 2025 and 2024 are as follows: For the Quarter EndedFor the Nine Months Ended September 30, 2025September 30, 2024September 30, 2025September 30, 2024 (dollars in thousands)(dollars in thousands)Proceeds from sales:Non-Agency RMBS$129,720 $— $141,954 $— Agency RMBS914,532 — 1,040,424 — Agency CMBS3,348 — 3,348 34,672 Gross realized gains:Non-Agency RMBS574 — 574 — Agency RMBS13,880 — 13,880 — Agency CMBS1,562 — 1,562 — Gross realized losses:Non-Agency RMBS(10,270)— (11,365)— Agency RMBS(3,509)— (4,329)— Agency CMBS(246)— (246)(3,750)Net realized gain (loss)$1,991 $— $76 $(3,750)

4. Loans Held for Investment

The Loans held for investment are comprised primarily of loans collateralized by seasoned reperforming residential mortgages. Additionally, it includes jumbo prime loans, investor loans and business purpose loans. 

21

The investor loans are loans to individuals securing non-primary residences as well as to individuals or businesses who rent out the residential properties secured by such loans. The Company purchases qualified mortgages, or QM, and non-qualified mortgages, or Non-QM, investor loans and securitizes them under its loan securitization program. The business purpose loans are loans to businesses that are secured by real property which will be renovated by the borrower. The business purpose loans tend to be short duration, often less than one year, and generally the coupon rate is higher than residential mortgage loans.At September 30, 2025 and December 31, 2024, all