Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 116

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 116
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%NY8.8 %FL8.8 %FL8.8 %NY8.7 %NJ4.3 %PA4.3 % PA 4.3 %NJ4.3 % (1) Value represents appraised value of the collateral at the time of loan origination.The following table summarizes the outstanding principal balance of the residential loan portfolio which are 30 days delinquent and greater as reported by the servicers at June 30, 2025 and December 31, 2024, respectively.

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 30 Days Delinquent60 Days Delinquent90+ Days DelinquentBankruptcyForeclosureREOTotalUnpaid Principal Balance(dollars in thousands)June 30, 2025$631,229$187,545$231,381$187,324$291,174$31,080$1,559,733$10,889,146% of Unpaid Principal Balance5.8 %1.7 %2.1 %1.7 %2.7 %0.3 %14.3 %December 31, 2024$733,298$233,982$294,078$177,592$300,575$36,811$1,776,336$11,659,420% of Unpaid Principal Balance6.3 %2.0 %2.5 %1.5 %2.6 %0.3 %15.2 %The fair value of residential mortgage loans 90 days or more past due was $546 million and $595 million as of June 30, 2025 and December 31, 2024, respectively.

5. Fair Value Measurements

 The Company applies fair value guidance in accordance with GAAP to account for its financial instruments. The Company categorizes its financial instruments, based on the priority of the inputs to the valuation technique, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument. Financial assets and liabilities recorded at fair value on the Consolidated Statements of Financial Condition or disclosed in the