Company: CIMO
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023813
Chunk: 50

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 50
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39.0 %200729.4 %29.4 %2008 and later23.0 %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 quarters ended March 31, 2025 and 2024 are as follows: For the Quarters Ended March 31, 2025March 31, 2024 (dollars in thousands)Proceeds from sales:Agency CMBS— 34,672 Gross realized losses:Agency CMBS— (3,750)Net realized gain (loss)$— $(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. 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 March 31, 2025 and December 31, 2024, all Loans held for investment are carried at fair value. See Note 5 for a discussion on how the Company determines the fair values of the Loans held for investment. As changes in the fair value of these loans are reflected in earnings, the Company does not estimate or record a loan loss provision. The total amortized cost of the Company's Loans held for investment was $11.1 billion and $11.4 billion as of March 31, 2025 and December 31, 2024, respectively. The 

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total unpaid principal balance of the Company's Loans held for investment was $11.3 billion and $11.7 billion as of March 31, 2025 and December 31, 2024, respectively.The following table