Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 217

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 217
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.5 %(1) Value represents appraised value of the collateral at the time of loan origination.(2) FICO as determined at the time of loan origination.The table below presents the origination year of the underlying loans related to the Company’s portfolio of Non-Agency RMBS at December 31, 2024 and December 31, 2023. Origination YearDecember 31, 2024December 31, 20232003 and prior0.9 %1.2 %20040.7 %0.8 %20057.0 %8.2 %200639.0 %43.3 %200729.4 %32.5 %2008 and later23.0 %14.0 %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 years ended December 31, 2024, 2023 and 2022 are as follows:

105

 For the Years Ended December 31, 2024December 31, 2023December 31, 2022 (dollars in thousands)Proceeds from sales:Non-Agency RMBS$— $— $23,056 Agency RMBS534,717 — 42,502 Agency CMBS34,672 313,094 — Gross realized gains:Non-Agency RMBS— — — Agency RMBS34 — — Agency CMBS— — — Gross realized losses:Non-Agency RMBS— — (15,595)Agency RMBS(1,503)— (60,878)Agency CMBS(3,750)(31,234)— Net realized gain (loss)$(5,219)$(31,234)$(76,473)

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. 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