Chimera Investment Corporation
CIM-PB
New York Stock Exchange24.24
USD
-0.01
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Chimera Investment Corporation
CIM-PB
(New York Stock Exchange)
Recent
price
24.24
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Chimera Investment Corporation operates as a real estate investment trust (REIT) primarily engaged in investing in a diversified portfolio of mortgage assets on a leveraged basis. Its core product offerings include residential mortgage loans; agency and non-agency residential mortgage-backed securities (RMBS); agency commercial mortgage-backed securities (CMBS); business purpose loans including residential transition loans (RTLs) and investor loans; mortgage servicing rights (MSRs); and other real estate-related assets such as junior liens, home equity lines of credit (HELOCs), equity appreciation rights, and reverse mortgages. The company targets the U.S. residential credit market, focusing on both loan securitization and structured finance, with operations spanning across many states. Founded in 2007, Chimera is headquartered in New York City. In the last 1-2 years, Chimera has undergone significant strategic expansion and transformation. The most notable recent development is the acquisition of HomeXpress Mortgage Corp in 2025, a leading national non-qualified mortgage (non-QM) loan originator with approximately 300 employees operating in 46 states and the District of Columbia. This acquisition broadens Chimera’s residential credit platform by integrating HomeXpress's loan origination capabilities with Chimera’s established loan securitization, structured finance, and third-party loan management and advisory services. The acquisition provides Chimera opportunities to acquire and securitize loans directly, build its MSR portfolio, and generate diverse revenue streams through origination fees and gains on loan sales. The transaction was structured with a combination of cash and Chimera common stock, highlighting a strategic push toward platform-level enterprise value creation. Additionally, Chimera completed the acquisition of The Palisades Group LLC in late 2024, an alternative asset manager focused on residential real estate credit, aimed at enhancing Chimera’s investment portfolio. In September 2025, Chimera also closed a public offering of $120 million senior notes due 2030, supporting its capital flexibility and growth initiatives. Chimera serves institutional and third-party clients through investment management and advisory services, leveraging its hybrid mortgage REIT model to balance portfolio allocation between mortgage loans and mortgage-backed securities. Its business segments cover loan origination, securitization, advisory, and asset management services focused on U.S. residential mortgage credit. The firm continues to expand its platform capabilities and geographic reach within the U.S. housing finance market through strategic acquisitions and capital market transactions. Overall, Chimera Investment Corporation stands as an internally managed, credit-focused mortgage REIT with a comprehensive product suite spanning mortgage lending, securitization, and servicing, headquartered in New York and actively growing through acquisitions of key mortgage originators and asset managers to diversify income and enhance shareholder value.