Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 115

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 115
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2025December 31, 2024 (dollars in thousands)Balance, beginning of period$11,196,678 $11,397,046 Purchases44,510 1,062,699 Principal paydowns(744,254)(1,309,843)Sales and settlements(52,334)(116,652)Net periodic accretion (amortization)(13,372)(39,236)Change in fair value209,070 202,664 Balance, end of period$10,640,298 $11,196,678 The primary cause of the change in fair value is due to market demand, interest rates and changes in credit risk of mortgage loans. The Company did not retain any beneficial interests on loan sales during the six months ended June 30, 2025 and the year ended December 31, 2024, respectively.Residential mortgage loansThe loan portfolio for all residential mortgages were originated during the following periods:Origination YearJune 30, 2025December 31, 20242002 and prior4.7 %5.0 %20034.3 %4.4 %20047.9 %8.2 %200513.7 %14.1 %200617.6 %18.0 %200720.6 %20.9 %20086.7 %6.8 %20091.6 %1.7 %2010 and later22.9 %20.9 %Total100.0 %100.0 %      The following table presents a summary of key characteristics of the residential loan portfolio at June 30, 2025 and December 31, 2024: June 30, 2025December 31, 2024Number of loans 99,614 103,571Weighted average maturity (years) 20.5 20.4Weighted average loan to value (1) 77.6 % 78.4 %Weighted average FICO 669 667Weighted average loan balance (in thousands) $109  $108 Weighted average percentage owner occupied 82.9 % 85.0 %Weighted average percentage single family residence 76.8 % 77.4 %Weighted average geographic concentration of top five statesCA15.7 %CA15.5