Profile: Chimera Investment Corp (CIM.N)
29 Jul 2016
Chimera Investment Corporation, incorporated on June 1, 2007, is a real estate investment trust. The Company is primarily engaged in the business of investing, on a leveraged basis, in a diversified portfolio of mortgage assets, including Agency residential mortgage-backed securities (RMBS), Non-Agency RMBS, Agency commercial mortgage backed securities (CMBS), residential mortgage loans and real estate related securities. The mortgage backed securities (MBS) and real estate-related securities the Company purchases may include investment-grade and non-investment grade classes, including the BB-rated, B-rated and non-rated classes.
The Company invests in mortgage pass-through certificates issued or guaranteed by The Government National Mortgage Association (Ginnie Mae), The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac). The Company may also invest in collateralized mortgage obligations (CMOs) issued by the Agencies. The Company may invest in net interest margin securities (NIMs). The Company may also invest in interest-only (IO) Agency and Non-Agency RMBS. The Company may invest in residential mortgage loans (mortgage loans secured by residential real property) primarily through direct purchases from selected mortgage originators. It may enter into additional mortgage loan purchase agreements with various primary mortgage loan originators, including mortgage bankers, commercial banks, savings and loan associations, home builders, credit unions and mortgage conduits.
The Company may purchase mortgage loans on the secondary market. The Company may originate mortgage loans or provide other types of financing to the owners of real estate. The Agency CMBS the Company acquires are Ginnie Mae Construction Loan Certificates (CLCs) and the resulting project loan certificates (PLCs) when the construction project is complete. The Company may invest in commercial mortgage loans consisting of first or second lien loans secured by multifamily properties, which are residential rental properties consisting of over five dwelling units, or by mixed residential or other commercial properties, retail properties, office properties or industrial properties. It may invest in securities issued in various collateralized debt obligations. The Company intends to acquire CMBS from private originators of, or investors in, mortgage loans, including savings and loan associations, mortgage bankers, commercial banks, finance companies, investment banks and other entities.
The Company competes with the U.S. Federal Reserve.
Chimera Investment Corp
520 Madison Ave Fl 32
NEW YORK NY 10022-4213