Chimera Investment Corp. Stock Analysis CIM

Chimera Investment Corp. is a real estate investment trust, which engages in the business of investing in a portfolio of mortgage assets, including residential mortgage loans, Agency residential mortgage-backed securities (RMBS), Non-Agency RMBS, Agency commercial mortgage-backed securities (CMBS), and other real estate-related assets. The company is headquartered in New York City, New York and currently employs 423 full-time employees. The company went IPO on 2007-11-16. The firm is engaged in the business of investing in a diversified portfolio of mortgage assets for itself and for unrelated third parties through its investment management and advisory services. The assets it may invest in and manage for others include residential mortgage loans, non-agency residential mortgage-backed securities (RMBS), agency RMBS, business purpose loans (BPLs) (including residential transition loans (RTLs)) and investor loans, mortgage servicing rights (MSRs) and other real estate-related assets such as Agency CMBS, junior liens and home equity lines of credit (HELOCs), equity appreciation rights, and reverse mortgages. The MBS and other real estate-related securities it purchases includes investment-grade, non-investment grade, and non-rated securities. The firm is focused on investing in commercial mortgage loans consisting of first or second lien loans secured by multifamily properties.