secwatch.observer — SEC 8-K summary
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Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001206774-24-000698
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chimera sponsors $468.1M securitization of reperforming residential mortgage loans
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- CIM 2024-R1 securitization totals $468.1M; $351.8M senior notes sold to institutional investors at 75.15% advance rate.
- Chimera retains $116.3M subordinate interests plus interest-only securities and a call option.
- Weighted average cost of debt is 5.7%; securitization rated by Fitch and Morningstar DBRS.
- Securitization backed by seasoned reperforming residential mortgage loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000120677424000698/0001206774-24-000698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000120677424000698/cim4360821-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-24-000698

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