CHIMERA INVESTMENT CORP 8-K

Summary

Investor presentation for the SFVegas Conference. Chimera describes a hybrid mortgage real estate investment trust combining a mortgage-loan investment portfolio, residential loan origination and third-party asset management. Its strategy links portfolio investment income with origination and distribution revenue and capital-light advisory fees, supported by technology and credit-risk management.

Key Figures

• Residential loan portfolio: $10.0B in current unpaid principal balance at 12/31/2025; re-performing loans were $9.0B, or 90% of the portfolio. The company cites stable cash flows and substantial borrower equity; 60+ day delinquency was 8.5% overall and the house-price-index-updated loan-to-value ratio was 41%.
• Third-party asset management: loans under management were $26.6B in Q4 2025, up 20% Y/Y. Transaction volume, measured by unpaid principal balance, was $6.4B, up 16% Y/Y.
• HomeXpress, Chimera’s residential originator of consumer non-qualified mortgages and investor business-purpose loans, funded $3.4B in 2025, up 38% Y/Y. Q4 2025 fundings were $1.04B, up 49% Y/Y and 18% Q/Q; the gain-on-sale premium was 3.58%.
• HomeXpress sold $3.07B of non-qualified mortgage loans by unpaid principal balance in 2025, with 103.2% loan-sale execution. It sold to eight investor partners, including two new relationships; the top three buyers purchased about 70% of loans sold.
• HomeXpress expected to submit all state license applications for consumer-purpose origination and servicing by the end of Q1 2026.