Chimera Investment Corporation CIM

Company Overview

Chimera Investment Corporation (NYSE: CIM) is a publicly traded real estate investment trust (REIT) focused on residential mortgage assets in the United States. The company primarily invests in, finances, and manages portfolios of residential mortgage loans, non-agency residential mortgage-backed securities (RMBS), agency RMBS, business-purpose loans, and other real estate-related assets. Chimera operates within the mortgage finance and real estate investment industries, generating revenue primarily through net interest income, securitization activities, gains on asset sales, and investment portfolio management.

The company was founded in 2007 and is externally managed by Chimera Investment Management, LLC, an affiliate of Annaly Capital Management at the time of formation. Over time, Chimera evolved from a primarily mortgage-backed securities investor into a more diversified residential credit platform with significant exposure to loan origination, securitization, and credit-sensitive residential assets. Its strategic positioning centers on active portfolio management, structured finance expertise, and access to residential credit markets that are less dependent on government-backed mortgage securities.