secwatch.observer — SEC 8-K summary
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Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001206774-25-000043
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chimera sponsors $287.7M residential mortgage loan securitization CIM 2025-I1
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- Securitization of $287.7M residential mortgage investor loans with 7.9% weighted avg coupon.
- Senior securities of $275.7M sold to institutional investors at 5.8% weighted avg cost.
- Chimera retains $11.9M subordinate interests and IO securities; call option from Feb 2028 or 30% UPB.
- Loans have weighted avg FICO 748 and LTV 64%; rated by Fitch and Morningstar DBRS.
- Palisades Advisory Services, a Chimera subsidiary, will serve as asset manager.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000120677425000043/0001206774-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000120677425000043/cim4434871-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-25-000043

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