Here are the 10-K annual reports from Chimera Investment Corporation 8.875% Senior Notes due 2030 (CIMP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow CIMP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CIMP filings page.
Chimera Investment Corporation filed its annual report describing a strategic shift toward a vertically integrated residential mortgage platform. In October 2025 it acquired HomeXpress Mortgage Corp. for total consideration of $272 million, including $124 million of adjusted book value, a $120 million cash premium, and 2,077,151 common shares, creating a new Residential Origination segment alongside its Investment Portfolio segment.
As of December 31, 2025, the investment portfolio by fair value was 65% residential mortgage loans, 23% Agency MBS, 5% Non‑Agency RMBS and less than 1% MSR interests, with about 6% of portfolio capital in loans held for sale. Chimera sponsored three securitizations during 2025 under its “R”, “NR” and “I” programs and continued to retain subordinate and IO interests, often as first‑loss positions.
HomeXpress originated and acquired approximately $3.4 billion of mortgage loans in 2025 versus $2.5 billion in 2024, focused mainly on consumer Non‑QM and investor business‑purpose loans funded via seven warehouse facilities totaling $1.4 billion of capacity, with $802 million outstanding at year‑end. Consolidated debt‑to‑equity rose to 5.1:1 from 4.0:1, reflecting a higher allocation to liquid Agency RMBS.