0001409493December 312020Q3false2101301027803862092682100445883100643626832132406106613635627550105300330700106200330750.23.021.852.551.552.451.346.613.257.994.54.507.007.001.555.561.903.622.153.522.593.353.063.463.263.513.193.303.193.20.153846133.3333.3333.3333.3333.3333.3300014094932020-01-012020-09-300001409493us-gaap:CommonStockMember2020-01-012020-09-300001409493us-gaap:PreferredClassAMember2020-01-012020-09-300001409493us-gaap:PreferredClassBMember2020-01-012020-09-300001409493us-gaap:SeriesCPreferredStockMember2020-01-012020-09-300001409493us-gaap:SeriesDPreferredStockMember2020-01-012020-09-30xbrli:shares00014094932020-10-31iso4217:USD00014094932020-09-3000014094932019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-12-310001409493us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493us-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembercim:SecuritizedLoansMember2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembercim:SecuritizedLoansMember2019-12-310001409493cim:SecuritizedLoansMembercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493cim:SecuritizedLoansMembercim:LoansHeldForInvestmentAtFairValueMember2019-12-31iso4217:USDxbrli:sharesxbrli:pure0001409493us-gaap:PreferredClassAMember2019-01-012019-12-310001409493us-gaap:PreferredClassAMember2019-12-310001409493us-gaap:PreferredClassAMember2020-09-300001409493us-gaap:PreferredClassBMember2019-01-012019-12-310001409493us-gaap:PreferredClassBMember2020-09-300001409493us-gaap:PreferredClassBMember2019-12-310001409493us-gaap:SeriesCPreferredStockMember2019-01-012019-12-310001409493us-gaap:SeriesCPreferredStockMember2020-09-300001409493us-gaap:SeriesCPreferredStockMember2019-12-310001409493us-gaap:SeriesDPreferredStockMember2019-01-012019-12-310001409493us-gaap:SeriesDPreferredStockMember2019-12-310001409493us-gaap:SeriesDPreferredStockMember2020-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-12-3100014094932020-07-012020-09-3000014094932019-07-012019-09-3000014094932019-01-012019-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:NonAgencyResidentialMortgageBackedSecuritiesAndSecuritizedLoansMember2020-07-012020-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:NonAgencyResidentialMortgageBackedSecuritiesAndSecuritizedLoansMember2019-07-012019-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:NonAgencyResidentialMortgageBackedSecuritiesAndSecuritizedLoansMember2020-01-012020-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:NonAgencyResidentialMortgageBackedSecuritiesAndSecuritizedLoansMember2019-01-012019-09-300001409493us-gaap:PreferredClassAMemberus-gaap:PreferredStockMember2020-06-300001409493us-gaap:PreferredClassBMemberus-gaap:PreferredStockMember2020-06-300001409493us-gaap:PreferredStockMemberus-gaap:SeriesCPreferredStockMember2020-06-300001409493us-gaap:SeriesDPreferredStockMemberus-gaap:PreferredStockMember2020-06-300001409493us-gaap:CommonStockMember2020-06-300001409493us-gaap:AdditionalPaidInCapitalMember2020-06-300001409493us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001409493us-gaap:RetainedEarningsMember2020-06-300001409493us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2020-06-3000014094932020-06-300001409493us-gaap:RetainedEarningsMember2020-07-012020-09-300001409493us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-07-012020-09-300001409493us-gaap:CommonStockMember2020-07-012020-09-300001409493us-gaap:AdditionalPaidInCapitalMember2020-07-012020-09-300001409493us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2020-07-012020-09-300001409493us-gaap:PreferredClassAMemberus-gaap:PreferredStockMember2020-09-300001409493us-gaap:PreferredClassBMemberus-gaap:PreferredStockMember2020-09-300001409493us-gaap:PreferredStockMemberus-gaap:SeriesCPreferredStockMember2020-09-300001409493us-gaap:SeriesDPreferredStockMemberus-gaap:PreferredStockMember2020-09-300001409493us-gaap:CommonStockMember2020-09-300001409493us-gaap:AdditionalPaidInCapitalMember2020-09-300001409493us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-300001409493us-gaap:RetainedEarningsMember2020-09-300001409493us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2020-09-300001409493us-gaap:PreferredClassAMemberus-gaap:PreferredStockMember2019-06-300001409493us-gaap:PreferredClassBMemberus-gaap:PreferredStockMember2019-06-300001409493us-gaap:PreferredStockMemberus-gaap:SeriesCPreferredStockMember2019-06-300001409493us-gaap:SeriesDPreferredStockMemberus-gaap:PreferredStockMember2019-06-300001409493us-gaap:CommonStockMember2019-06-300001409493us-gaap:AdditionalPaidInCapitalMember2019-06-300001409493us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300001409493us-gaap:RetainedEarningsMember2019-06-300001409493us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2019-06-3000014094932019-06-300001409493us-gaap:RetainedEarningsMember2019-07-012019-09-300001409493us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-300001409493us-gaap:AdditionalPaidInCapitalMember2019-07-012019-09-300001409493us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2019-07-012019-09-300001409493us-gaap:PreferredClassAMemberus-gaap:PreferredStockMember2019-09-300001409493us-gaap:PreferredClassBMemberus-gaap:PreferredStockMember2019-09-300001409493us-gaap:PreferredStockMemberus-gaap:SeriesCPreferredStockMember2019-09-300001409493us-gaap:SeriesDPreferredStockMemberus-gaap:PreferredStockMember2019-09-300001409493us-gaap:CommonStockMember2019-09-300001409493us-gaap:AdditionalPaidInCapitalMember2019-09-300001409493us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-300001409493us-gaap:RetainedEarningsMember2019-09-300001409493us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2019-09-3000014094932019-09-300001409493us-gaap:PreferredClassAMemberus-gaap:PreferredStockMember2019-12-310001409493us-gaap:PreferredClassBMemberus-gaap:PreferredStockMember2019-12-310001409493us-gaap:PreferredStockMemberus-gaap:SeriesCPreferredStockMember2019-12-310001409493us-gaap:SeriesDPreferredStockMemberus-gaap:PreferredStockMember2019-12-310001409493us-gaap:CommonStockMember2019-12-310001409493us-gaap:AdditionalPaidInCapitalMember2019-12-310001409493us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001409493us-gaap:RetainedEarningsMember2019-12-310001409493us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2019-12-310001409493us-gaap:RetainedEarningsMember2020-01-012020-09-300001409493us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-09-300001409493us-gaap:CommonStockMember2020-01-012020-09-300001409493us-gaap:AdditionalPaidInCapitalMember2020-01-012020-09-300001409493us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2020-01-012020-09-300001409493us-gaap:PreferredClassAMemberus-gaap:PreferredStockMember2018-12-310001409493us-gaap:PreferredClassBMemberus-gaap:PreferredStockMember2018-12-310001409493us-gaap:PreferredStockMemberus-gaap:SeriesCPreferredStockMember2018-12-310001409493us-gaap:SeriesDPreferredStockMemberus-gaap:PreferredStockMember2018-12-310001409493us-gaap:CommonStockMember2018-12-310001409493us-gaap:AdditionalPaidInCapitalMember2018-12-310001409493us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310001409493us-gaap:RetainedEarningsMember2018-12-310001409493us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2018-12-3100014094932018-12-310001409493us-gaap:RetainedEarningsMember2019-01-012019-09-300001409493us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-09-300001409493us-gaap:CommonStockMember2019-01-012019-09-300001409493us-gaap:AdditionalPaidInCapitalMember2019-01-012019-09-300001409493us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2019-01-012019-09-300001409493us-gaap:SeriesDPreferredStockMemberus-gaap:PreferredStockMember2019-01-012019-09-300001409493cim:AgencyMortgageBackedSecuritiesMember2020-01-012020-09-300001409493cim:AgencyMortgageBackedSecuritiesMember2019-01-012019-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-01-012020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-01-012019-09-300001409493cim:LoansHeldForInvestmentMember2020-01-012020-09-300001409493cim:LoansHeldForInvestmentMember2019-01-012019-09-30cim:subsidiary0001409493us-gaap:ResidentialMortgageBackedSecuritiesMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember2020-09-300001409493us-gaap:ResidentialMortgageBackedSecuritiesMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember2020-09-300001409493us-gaap:ResidentialMortgageBackedSecuritiesMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember2020-09-300001409493us-gaap:ResidentialMortgageBackedSecuritiesMembercim:AgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493us-gaap:ResidentialMortgageBackedSecuritiesMembercim:AgencyInterestOnlyResidentialMortgageBackedSecuritiesMember2020-09-300001409493cim:AgencyCommercialMortgageBackedSecuritiesMemberus-gaap:CommercialMortgageBackedSecuritiesMember2020-09-300001409493cim:AgencyCommercialMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:CommercialMortgageBackedSecuritiesMember2020-09-300001409493us-gaap:ResidentialMortgageBackedSecuritiesMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember2019-12-310001409493us-gaap:ResidentialMortgageBackedSecuritiesMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember2019-12-310001409493us-gaap:ResidentialMortgageBackedSecuritiesMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember2019-12-310001409493us-gaap:ResidentialMortgageBackedSecuritiesMembercim:AgencyResidentialMortgageBackedSecuritiesMember2019-12-310001409493us-gaap:ResidentialMortgageBackedSecuritiesMembercim:AgencyInterestOnlyResidentialMortgageBackedSecuritiesMember2019-12-310001409493cim:AgencyCommercialMortgageBackedSecuritiesMemberus-gaap:CommercialMortgageBackedSecuritiesMember2019-12-310001409493cim:AgencyCommercialMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:CommercialMortgageBackedSecuritiesMember2019-12-31cim:security0001409493cim:AgencyPassThroughMortgageBackedSecuritiesMember2020-09-300001409493cim:AgencyPassThroughMortgageBackedSecuritiesMember2019-12-310001409493srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-06-300001409493srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2019-12-310001409493cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember2020-09-300001409493us-gaap:MeasurementInputDiscountRateMemberus-gaap:CreditQualityIndicatorUpdatedQuarterlyMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMembersrt:WeightedAverageMember2020-09-300001409493us-gaap:MeasurementInputDefaultRateMemberus-gaap:CreditQualityIndicatorUpdatedQuarterlyMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMembersrt:WeightedAverageMember2020-09-300001409493us-gaap:MeasurementInputLossSeverityMemberus-gaap:CreditQualityIndicatorUpdatedQuarterlyMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMembersrt:WeightedAverageMember2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembercim:AAACreditRatingMember2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembercim:AAACreditRatingMember2019-12-310001409493cim:AACreditRatingMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493cim:AACreditRatingMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembercim:ACreditRatingMember2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembercim:ACreditRatingMember2019-12-310001409493cim:BBBCreditRatingMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493cim:BBBCreditRatingMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembercim:BBCreditRatingMember2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembercim:BBCreditRatingMember2019-12-310001409493cim:BCreditRatingMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493cim:BCreditRatingMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembercim:BelowBorNotRatedMember2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembercim:BelowBorNotRatedMember2019-12-310001409493srt:MinimumMembercim:AltaMember2020-01-012020-09-300001409493srt:MaximumMembercim:AltaMember2020-01-012020-09-300001409493cim:NonAgencyResidentialMBSDeemedToBeEquivalentToAltAQualityMember2020-09-300001409493cim:NonAgencyResidentialMBSDeemedToBeEquivalentToAltAQualityMember2019-12-310001409493cim:NonAgencyResidentialMbsDeemedToBeEquivalentToPrimeQualityMember2020-09-300001409493cim:NonAgencyResidentialMbsDeemedToBeEquivalentToPrimeQualityMember2019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-09-302020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-12-312019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMemberstpr:CA2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMemberstpr:CA2019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMemberstpr:NY2020-09-300001409493stpr:FLcim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-12-310001409493stpr:FLcim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMemberstpr:NY2019-12-310001409493stpr:TXcim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493stpr:TXcim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-07-012020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-07-012019-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-01-012020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-01-012019-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMember2020-07-012020-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMember2019-07-012019-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMember2020-01-012020-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMember2019-01-012019-09-300001409493cim:AgencyCommercialMortgageBackedSecuritiesMember2020-07-012020-09-300001409493cim:AgencyCommercialMortgageBackedSecuritiesMember2019-07-012019-09-300001409493cim:AgencyCommercialMortgageBackedSecuritiesMember2020-01-012020-09-300001409493cim:AgencyCommercialMortgageBackedSecuritiesMember2019-01-012019-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-01-012020-03-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:LoansHeldForInvestmentAtFairValueMember2018-12-310001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:LoansHeldForInvestmentAtFairValueMember2020-01-012020-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:LoansHeldForInvestmentAtFairValueMember2019-01-012019-12-310001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493cim:LoansHeldForInvestmentAtFairValueMember2020-01-012020-09-300001409493cim:LoansHeldForInvestmentAtFairValueMember2020-07-012020-09-300001409493cim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493cim:LoansHeldForInvestmentAtFairValueMember2019-01-012019-12-310001409493cim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493cim:SeasonedSubprimeResidentialMortgageLoansMembercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493cim:SeasonedSubprimeResidentialMortgageLoansMembercim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493cim:SeasonedSubprimeResidentialMortgageLoansMember2020-01-012020-09-30cim:loan0001409493cim:SeasonedSubprimeResidentialMortgageLoansMembercim:LoansHeldForInvestmentAtFairValueMember2020-09-302020-09-300001409493cim:SeasonedSubprimeResidentialMortgageLoansMembercim:LoansHeldForInvestmentAtFairValueMember2019-12-312019-12-310001409493cim:SeasonedSubprimeResidentialMortgageLoansMemberstpr:CAcim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493cim:SeasonedSubprimeResidentialMortgageLoansMemberstpr:CAcim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493stpr:FLcim:SeasonedSubprimeResidentialMortgageLoansMembercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493stpr:FLcim:SeasonedSubprimeResidentialMortgageLoansMembercim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493stpr:NYcim:SeasonedSubprimeResidentialMortgageLoansMembercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493stpr:NYcim:SeasonedSubprimeResidentialMortgageLoansMembercim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493cim:SeasonedSubprimeResidentialMortgageLoansMemberstpr:PAcim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493cim:SeasonedSubprimeResidentialMortgageLoansMemberstpr:OHcim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493cim:SeasonedSubprimeResidentialMortgageLoansMembercim:LoansHeldForInvestmentAtFairValueMemberstpr:VA2020-09-300001409493cim:SeasonedSubprimeResidentialMortgageLoansMemberstpr:PAcim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2020-09-300001409493us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2020-09-300001409493us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-09-300001409493cim:BankruptcyMemberus-gaap:ResidentialPortfolioSegmentMember2020-09-300001409493cim:ForeclosureMemberus-gaap:ResidentialPortfolioSegmentMember2020-09-300001409493us-gaap:ResidentialPortfolioSegmentMembercim:LossMitigationMember2020-09-300001409493cim:RealEstateOwnedMemberus-gaap:ResidentialPortfolioSegmentMember2020-09-300001409493us-gaap:ResidentialPortfolioSegmentMember2020-09-300001409493us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2019-12-310001409493us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2019-12-310001409493us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001409493cim:BankruptcyMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310001409493cim:ForeclosureMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310001409493us-gaap:ResidentialPortfolioSegmentMembercim:LossMitigationMember2019-12-310001409493cim:RealEstateOwnedMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310001409493us-gaap:ResidentialPortfolioSegmentMember2019-12-310001409493cim:SeasonedSubprimeResidentialMortgageLoansMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300001409493cim:SeasonedSubprimeResidentialMortgageLoansMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310001409493cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMemberus-gaap:MortgageBackedSecuritiesMember2020-09-300001409493cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMemberus-gaap:MortgageBackedSecuritiesMembercim:InternalAssessmentMember2020-09-300001409493cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMembercim:ThirdPartyAssessmentMemberus-gaap:MortgageBackedSecuritiesMember2020-09-300001409493cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310001409493cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMemberus-gaap:MortgageBackedSecuritiesMembercim:InternalAssessmentMember2019-12-310001409493cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMembercim:ThirdPartyAssessmentMemberus-gaap:MortgageBackedSecuritiesMember2019-12-310001409493cim:SecuritizedLoansHeldForInvestmentMembercim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMembercim:InternalAssessmentMember2019-12-310001409493cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMembercim:SecuritizedLoansHeldForInvestmentMember2019-12-310001409493cim:SecuritizedLoansHeldForInvestmentMembercim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMembercim:ThirdPartyAssessmentMember2019-12-310001409493cim:SubordinatedResidentialMortgageBackedSecuritiesMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493cim:SubordinatedResidentialMortgageBackedSecuritiesMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-12-310001409493cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-12-310001409493cim:AgencyResidentialMortgageBackedSecuritiesMembercim:ResidentialPassthroughSecuritiesMember2020-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMembercim:ResidentialPassthroughSecuritiesMember2019-12-310001409493us-gaap:InterestOnlyStripMembercim:AgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493us-gaap:InterestOnlyStripMembercim:AgencyResidentialMortgageBackedSecuritiesMember2019-12-310001409493cim:AgencyCommercialMortgageBackedSecuritiesMembercim:CommercialProjectLoansMember2020-09-300001409493cim:AgencyCommercialMortgageBackedSecuritiesMembercim:CommercialProjectLoansMember2019-12-310001409493us-gaap:InterestOnlyStripMembercim:AgencyCommercialMortgageBackedSecuritiesMember2020-09-300001409493us-gaap:InterestOnlyStripMembercim:AgencyCommercialMortgageBackedSecuritiesMember2019-12-310001409493cim:LoansHeldForInvestmentMember2020-09-300001409493cim:LoansHeldForInvestmentMember2019-12-310001409493us-gaap:SecuredDebtMember2020-09-300001409493us-gaap:SecuredDebtMember2019-12-310001409493cim:SeniorResidentialMortgageBackedSecuritiesMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-07-012020-09-300001409493cim:SeniorResidentialMortgageBackedSecuritiesMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-07-012019-09-300001409493cim:SeniorResidentialMortgageBackedSecuritiesMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-01-012020-09-300001409493cim:SeniorResidentialMortgageBackedSecuritiesMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-01-012019-09-300001409493cim:SubordinatedResidentialMortgageBackedSecuritiesMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-07-012020-09-300001409493cim:SubordinatedResidentialMortgageBackedSecuritiesMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-07-012019-09-300001409493cim:SubordinatedResidentialMortgageBackedSecuritiesMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-01-012020-09-300001409493cim:SubordinatedResidentialMortgageBackedSecuritiesMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-01-012019-09-300001409493cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-07-012020-09-300001409493cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-07-012019-09-300001409493cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-01-012020-09-300001409493cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-01-012019-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMembercim:ResidentialPassthroughSecuritiesMember2020-07-012020-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMembercim:ResidentialPassthroughSecuritiesMember2019-07-012019-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMembercim:ResidentialPassthroughSecuritiesMember2020-01-012020-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMembercim:ResidentialPassthroughSecuritiesMember2019-01-012019-09-300001409493us-gaap:InterestOnlyStripMembercim:AgencyResidentialMortgageBackedSecuritiesMember2020-07-012020-09-300001409493us-gaap:InterestOnlyStripMembercim:AgencyResidentialMortgageBackedSecuritiesMember2019-07-012019-09-300001409493us-gaap:InterestOnlyStripMembercim:AgencyResidentialMortgageBackedSecuritiesMember2020-01-012020-09-300001409493us-gaap:InterestOnlyStripMembercim:AgencyResidentialMortgageBackedSecuritiesMember2019-01-012019-09-300001409493cim:AgencyCommercialMortgageBackedSecuritiesMembercim:CommercialProjectLoansMember2020-07-012020-09-300001409493cim:AgencyCommercialMortgageBackedSecuritiesMembercim:CommercialProjectLoansMember2019-07-012019-09-300001409493cim:AgencyCommercialMortgageBackedSecuritiesMembercim:CommercialProjectLoansMember2020-01-012020-09-300001409493cim:AgencyCommercialMortgageBackedSecuritiesMembercim:CommercialProjectLoansMember2019-01-012019-09-300001409493us-gaap:InterestOnlyStripMembercim:AgencyCommercialMortgageBackedSecuritiesMember2020-07-012020-09-300001409493us-gaap:InterestOnlyStripMembercim:AgencyCommercialMortgageBackedSecuritiesMember2019-07-012019-09-300001409493us-gaap:InterestOnlyStripMembercim:AgencyCommercialMortgageBackedSecuritiesMember2020-01-012020-09-300001409493us-gaap:InterestOnlyStripMembercim:AgencyCommercialMortgageBackedSecuritiesMember2019-01-012019-09-300001409493cim:LoansHeldForInvestmentMember2020-07-012020-09-300001409493cim:LoansHeldForInvestmentMember2019-07-012019-09-300001409493cim:LoansHeldForInvestmentMember2020-01-012020-09-300001409493cim:LoansHeldForInvestmentMember2019-01-012019-09-300001409493us-gaap:SecuredDebtMember2020-07-012020-09-300001409493us-gaap:SecuredDebtMember2019-07-012019-09-300001409493us-gaap:SecuredDebtMember2020-01-012020-09-300001409493us-gaap:SecuredDebtMember2019-01-012019-09-300001409493us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-09-300001409493us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-09-300001409493us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:FairValueMeasurementsRecurringMember2020-09-300001409493us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001409493us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310001409493us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:FairValueMeasurementsRecurringMember2019-12-310001409493cim:SecuritizedDebtLoansHeldForInvestmentAtFairValueMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-12-310001409493cim:SecuritizedDebtLoansHeldForInvestmentAtFairValueMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-01-012020-09-300001409493cim:SecuritizedDebtLoansHeldForInvestmentAtFairValueMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2018-12-310001409493cim:SecuritizedDebtLoansHeldForInvestmentAtFairValueMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2018-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-01-012019-12-310001409493cim:SecuritizedDebtLoansHeldForInvestmentAtFairValueMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-01-012019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-01-012020-03-310001409493us-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputPrepaymentRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputDefaultRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputLossSeverityMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputPrepaymentRateMembersrt:WeightedAverageMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputDefaultRateMembersrt:WeightedAverageMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputLossSeverityMembersrt:WeightedAverageMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputPrepaymentRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputDefaultRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputLossSeverityMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputPrepaymentRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputDefaultRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputLossSeverityMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputPrepaymentRateMembersrt:WeightedAverageMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputDefaultRateMembersrt:WeightedAverageMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputLossSeverityMembersrt:WeightedAverageMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputPrepaymentRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputDefaultRateMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputLossSeverityMembersrt:WeightedAverageMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputDiscountRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493us-gaap:MeasurementInputPrepaymentRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493us-gaap:MeasurementInputDefaultRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493us-gaap:MeasurementInputLossSeverityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493us-gaap:MeasurementInputPrepaymentRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2019-12-310001409493us-gaap:MeasurementInputDefaultRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2019-12-310001409493us-gaap:MeasurementInputLossSeverityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2019-12-310001409493us-gaap:BaseRateMemberus-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493us-gaap:BaseRateMemberus-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493us-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493us-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493cim:OwnerOccupiedMemberus-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493cim:OwnerOccupiedMemberus-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493cim:InvestorOccupancyMemberus-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493cim:InvestorOccupancyMemberus-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493us-gaap:FairValueInputsLevel3Membercim:SecondaryOccupancyMembercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493us-gaap:FairValueInputsLevel3Membercim:SecondaryOccupancyMembercim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493us-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMembersrt:SingleFamilyMember2020-09-300001409493us-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMembersrt:SingleFamilyMember2019-12-310001409493cim:ManufacturedHousingMemberus-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493cim:ManufacturedHousingMemberus-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493srt:MultifamilyMemberus-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2020-09-300001409493srt:MultifamilyMemberus-gaap:FairValueInputsLevel3Membercim:LoansHeldForInvestmentAtFairValueMember2019-12-310001409493us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2020-09-300001409493us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2020-09-300001409493us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2019-12-310001409493us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310001409493us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputDefaultRateMembersrt:MinimumMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputDefaultRateMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputDefaultRateMembersrt:MinimumMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputDefaultRateMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputDefaultRateMembersrt:MinimumMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputDefaultRateMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputDefaultRateMembersrt:MinimumMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputDefaultRateMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493us-gaap:MeasurementInputDefaultRateMembersrt:MinimumMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputDefaultRateMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493us-gaap:MeasurementInputDefaultRateMembersrt:MinimumMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputDefaultRateMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputLossSeverityMembercim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMemberus-gaap:FairValueInputsLevel3Member2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493us-gaap:MeasurementInputDefaultRateMembersrt:MinimumMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputDefaultRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputLossSeverityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493srt:MaximumMemberus-gaap:MeasurementInputLossSeverityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2020-09-300001409493srt:MinimumMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputPrepaymentRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputPrepaymentRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2019-12-310001409493us-gaap:MeasurementInputDefaultRateMembersrt:MinimumMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputDefaultRateMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2019-12-310001409493srt:MinimumMemberus-gaap:MeasurementInputLossSeverityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2019-12-310001409493srt:MaximumMemberus-gaap:MeasurementInputLossSeverityMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SecuredDebtMember2019-12-310001409493cim:CreditAgreementMemberus-gaap:SecuredDebtMember2020-09-300001409493srt:MinimumMemberus-gaap:WarehouseAgreementBorrowingsMember2020-01-012020-09-300001409493srt:MaximumMemberus-gaap:WarehouseAgreementBorrowingsMember2020-01-012020-09-300001409493cim:NotSubjecttoAdditionalMarginRequirementsMember2020-09-300001409493cim:SecuredDebtSubjecttoAutomaticStayProvisionsMember2020-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:AgencyCommercialMortgageBackedSecuritiesMember2020-09-300001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:AgencyCommercialMortgageBackedSecuritiesMember2019-12-310001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:NonAgencyResidentialMortgageBackedSecuritiesAndLoansHeldForInvestmentMember2020-09-300001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:NonAgencyResidentialMortgageBackedSecuritiesAndLoansHeldForInvestmentMember2019-12-310001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:AgencyResidentialMortgageBackedSecuritiesMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-302020-09-300001409493cim:AgencyResidentialMortgageBackedSecuritiesMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-312019-12-310001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:AgencyCommercialMortgageBackedSecuritiesMember2020-09-302020-09-300001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:AgencyCommercialMortgageBackedSecuritiesMember2019-12-312019-12-310001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:NonAgencyResidentialMortgageBackedSecuritiesAndLoansHeldForInvestmentMember2020-09-302020-09-300001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:NonAgencyResidentialMortgageBackedSecuritiesAndLoansHeldForInvestmentMember2019-12-312019-12-310001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-302020-09-300001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-312019-12-310001409493us-gaap:MaturityOvernightMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493us-gaap:MaturityOvernightMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMemberus-gaap:MaturityUpTo30DaysMember2020-09-300001409493srt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMemberus-gaap:MaturityUpTo30DaysMember2020-09-300001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMemberus-gaap:MaturityUpTo30DaysMember2019-12-310001409493srt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMemberus-gaap:MaturityUpTo30DaysMember2019-12-310001409493cim:MaturityPeriodTwoMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodTwoMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodTwoMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodTwoMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodThreeMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodThreeMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodThreeMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodThreeMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodFourMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodFourMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodFiveMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodFiveMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodFiveMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodFiveMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodSixMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodSixMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodSixMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodSixMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodSevenMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodSevenMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodSevenMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodSevenMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:MaturityPeriodEightMember2020-09-300001409493srt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:MaturityPeriodEightMember2020-09-300001409493us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:MaturityPeriodEightMember2019-12-310001409493cim:MaturityPeriodNineMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodNineMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodNineMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodNineMembersrt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493srt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493srt:WeightedAverageMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493us-gaap:WarehouseAgreementBorrowingsMember2020-09-300001409493us-gaap:AssetPledgedAsCollateralMemberus-gaap:StockholdersEquityTotalMembercim:GoldmanSachsMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMemberus-gaap:CreditConcentrationRiskMember2020-01-012020-09-300001409493cim:GoldmanSachsMember2020-09-300001409493srt:MinimumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMemberus-gaap:MaturityUpTo30DaysMember2020-09-300001409493srt:MaximumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMemberus-gaap:MaturityUpTo30DaysMember2020-09-300001409493cim:MaturityPeriodTwoMembersrt:MinimumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493srt:MaximumMembercim:MaturityPeriodTwoMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodThreeMembersrt:MinimumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493srt:MaximumMembercim:MaturityPeriodThreeMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493srt:MinimumMembercim:MaturityPeriodFiveMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493srt:MaximumMembercim:MaturityPeriodFiveMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493cim:MaturityPeriodSixMembersrt:MinimumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493srt:MaximumMembercim:MaturityPeriodSixMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493srt:MinimumMembercim:MaturityPeriodSevenMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493srt:MaximumMembercim:MaturityPeriodSevenMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493srt:MinimumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:MaturityPeriodEightMember2020-09-300001409493srt:MaximumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMembercim:MaturityPeriodEightMember2020-09-300001409493srt:MinimumMembercim:MaturityPeriodNineMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493srt:MaximumMembercim:MaturityPeriodNineMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2020-09-300001409493srt:MinimumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMemberus-gaap:MaturityUpTo30DaysMember2019-12-310001409493srt:MaximumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMemberus-gaap:MaturityUpTo30DaysMember2019-12-310001409493cim:MaturityPeriodTwoMembersrt:MinimumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493srt:MaximumMembercim:MaturityPeriodTwoMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodThreeMembersrt:MinimumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493srt:MaximumMembercim:MaturityPeriodThreeMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493srt:MinimumMembercim:MaturityPeriodFiveMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493srt:MaximumMembercim:MaturityPeriodFiveMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:MaturityPeriodSixMembersrt:MinimumMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493srt:MaximumMembercim:MaturityPeriodSixMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493srt:MinimumMembercim:MaturityPeriodSevenMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493srt:MaximumMembercim:MaturityPeriodSevenMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493srt:MinimumMembercim:MaturityPeriodNineMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493srt:MaximumMembercim:MaturityPeriodNineMemberus-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember2019-12-310001409493cim:SecuritizedLoansMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-09-300001409493cim:SecuritizedLoansMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-12-310001409493cim:SecuritizedLoansMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-01-012020-09-300001409493cim:SecuritizedLoansMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-07-012020-09-300001409493cim:SecuritizedLoansMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-07-012019-09-300001409493cim:SecuritizedLoansMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-09-300001409493cim:SecuritizedLoansMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2019-01-012019-09-300001409493cim:SecuritizedLoansMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:SecuredDebtMember2020-09-300001409493cim:SecuritizedLoansMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:SecuredDebtMember2019-12-310001409493cim:SecuritizedLoansMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-01-012020-09-300001409493cim:SecuritizedLoansMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMembercim:NonAgencyResidentialMortgageBackedSecuritiesMember2020-07-012020-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:SecuredDebtMember2020-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberus-gaap:SecuredDebtMember2019-12-310001409493cim:SecuritizedLoansMember2020-09-300001409493cim:ConvertibleSeniorNotesdue2023Memberus-gaap:ConvertibleDebtMember2020-04-300001409493cim:ConvertibleSeniorNotesdue2023Memberus-gaap:ConvertibleDebtMember2020-04-012020-04-300001409493cim:ConvertibleSeniorNotesdue2023Memberus-gaap:ConvertibleDebtMember2020-01-012020-09-300001409493cim:ConvertibleSeniorNotesdue2023Memberus-gaap:ConvertibleDebtMember2020-09-300001409493us-gaap:CommonStockMember2020-04-072020-04-070001409493us-gaap:SubprimeMemberus-gaap:ResidentialMortgageMember2020-07-012020-09-300001409493us-gaap:SubprimeMemberus-gaap:ResidentialMortgageMember2020-01-012020-09-300001409493us-gaap:SubprimeMemberus-gaap:ResidentialMortgageMember2019-01-012019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-07-012020-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-07-012019-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-01-012020-09-300001409493us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-01-012019-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembersrt:MinimumMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-09-300001409493srt:MaximumMembercim:NonAgencyResidentialMortgageBackedSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-09-300001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMembersrt:MinimumMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-12-310001409493srt:MaximumMembercim:NonAgencyResidentialMortgageBackedSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-12-310001409493cim:NonAgencyResidentialMortgageBackedSecuritiesMemberus-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-12-310001409493us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2020-09-300001409493us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember2019-12-310001409493us-gaap:InterestRateSwapMember2020-09-300001409493us-gaap:FutureMember2020-09-300001409493us-gaap:InterestRateSwapMember2019-12-310001409493us-gaap:FutureMember2019-12-310001409493us-gaap:InterestRateSwapMember2020-07-012020-09-300001409493us-gaap:InterestRateSwapMember2019-07-012019-09-300001409493us-gaap:FutureMember2020-07-012020-09-300001409493us-gaap:FutureMember2019-07-012019-09-300001409493us-gaap:SwaptionMember2020-07-012020-09-300001409493us-gaap:SwaptionMember2019-07-012019-09-300001409493us-gaap:InterestRateSwapMember2020-01-012020-09-300001409493us-gaap:InterestRateSwapMember2019-01-012019-09-300001409493us-gaap:FutureMember2020-01-012020-09-300001409493us-gaap:FutureMember2019-01-012019-09-300001409493us-gaap:SwaptionMember2020-01-012020-09-300001409493us-gaap:SwaptionMember2019-01-012019-09-3000014094932019-01-012019-12-310001409493us-gaap:PreferredClassAMember2019-07-012019-09-300001409493us-gaap:PreferredClassAMember2020-07-012020-09-300001409493us-gaap:PreferredClassAMember2019-01-012019-09-300001409493us-gaap:PreferredClassBMember2019-07-012019-09-300001409493us-gaap:PreferredClassBMember2020-07-012020-09-300001409493us-gaap:PreferredClassBMember2019-01-012019-09-300001409493us-gaap:SeriesCPreferredStockMember2019-07-012019-09-300001409493us-gaap:SeriesCPreferredStockMember2020-07-012020-09-300001409493us-gaap:SeriesCPreferredStockMember2019-01-012019-09-300001409493us-gaap:SeriesDPreferredStockMember2020-07-012020-09-300001409493us-gaap:SeriesDPreferredStockMember2019-07-012019-09-300001409493us-gaap:SeriesDPreferredStockMember2019-01-012019-09-3000014094932020-03-310001409493cim:RegularDividendMember2020-07-012020-09-300001409493cim:RegularDividendMember2020-01-012020-09-300001409493cim:RegularDividendMember2019-07-012019-09-300001409493cim:RegularDividendMember2019-01-012019-09-300001409493cim:CreditAgreementMemberus-gaap:SecuredDebtMember2020-06-080001409493cim:WarrantSharesMemberus-gaap:CommonStockMember2020-06-080001409493cim:WarrantSharesMember2020-01-012020-09-300001409493us-gaap:CommonStockMember2020-06-080001409493us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310001409493us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-012020-09-300001409493us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-09-300001409493us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-12-310001409493us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-09-300001409493us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-09-300001409493us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-01-012020-09-300001409493us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-09-300001409493cim:TwoThousandAndSevenEquityIncentivePlanMemberus-gaap:RestrictedStockMember2020-01-012020-09-300001409493cim:TwoThousandAndSevenEquityIncentivePlanMemberus-gaap:RestrictedStockMember2020-09-30cim:installment0001409493cim:StockAwardDeferralProgramMember2020-01-012020-09-300001409493cim:PerformanceShareUnitsMember2020-01-012020-09-300001409493us-gaap:RestrictedStockUnitsRSUMembercim:TwoThousandAndSevenEquityIncentivePlanMember2020-01-012020-09-300001409493us-gaap:RestrictedStockUnitsRSUMember2020-07-012020-09-300001409493us-gaap:RestrictedStockUnitsRSUMember2019-07-012019-09-300001409493us-gaap:RestrictedStockUnitsRSUMember2020-01-012020-09-300001409493us-gaap:RestrictedStockUnitsRSUMember2019-01-012019-09-300001409493srt:MinimumMembercim:PerformanceShareUnitsMember2020-01-012020-09-300001409493srt:MaximumMembercim:PerformanceShareUnitsMember2020-01-012020-09-300001409493cim:PerformanceShareUnitsMember2019-01-012019-09-300001409493cim:DefinedContribution401KPlanMember2020-07-012020-09-300001409493srt:MaximumMembercim:DefinedContribution401KPlanMember2020-07-012020-09-300001409493cim:DefinedContribution401KPlanMember2019-07-012019-09-300001409493cim:DefinedContribution401KPlanMember2020-01-012020-09-300001409493cim:DefinedContribution401KPlanMember2019-01-012019-09-300001409493us-gaap:RestrictedStockUnitsRSUMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2020-01-012020-09-300001409493us-gaap:ShareBasedCompensationAwardTrancheOneMembercim:PerformanceShareUnitsMember2020-01-012020-09-300001409493us-gaap:RestrictedStockUnitsRSUMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMember2020-01-012020-09-300001409493us-gaap:ShareBasedCompensationAwardTrancheTwoMembercim:PerformanceShareUnitsMember2020-01-012020-09-300001409493us-gaap:ShareBasedCompensationAwardTrancheThreeMemberus-gaap:RestrictedStockUnitsRSUMember2020-01-012020-09-300001409493us-gaap:ShareBasedCompensationAwardTrancheThreeMembercim:PerformanceShareUnitsMember2020-01-012020-09-300001409493cim:HainsPointMember2020-01-012020-09-3000014094932020-09-302020-09-30

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED: September 30, 2020
OR
             TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM _______________ TO _________________
COMMISSION FILE NUMBER: 1-33796

CHIMERA INVESTMENT CORPORATION
(Exact name of Registrant as specified in its Charter) 
Maryland 26-0630461
(State or other jurisdiction of incorporation or organization)  (IRS Employer Identification No.)
                                                                                                                                             

520 Madison Avenue 32nd Floor
New York, New York
(Address of principal executive offices)
10022
(Zip Code)
(212) 626-2300
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
  
Common Stock, par value $0.01 per shareCIMNew York Stock Exchange
8.00% Series A Cumulative Redeemable Preferred StockCIM PRANew York Stock Exchange
8.00% Series B Cumulative Fixed-to-Floating Rate Redeemable Preferred StockCIM PRBNew York Stock Exchange
7.75% Series C Cumulative Fixed-to-Floating Rate Redeemable Preferred StockCIM PRCNew York Stock Exchange
8.00% Series D Cumulative Fixed-to-Floating Rate Redeemable Preferred StockCIM PRDNew York Stock Exchange

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days:
Yes þ No ☐




Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
Yes þ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer þ Accelerated filer Non-accelerated filer Smaller reporting company
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)
Yes No þ


Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the last practicable date:
ClassOutstanding at October 31, 2020
Common Stock, $0.01 par value233,730,629




CHIMERA INVESTMENT CORPORATION

FORM 10-Q
TABLE OF CONTENTS
Part I. FINANCIAL INFORMATION
Item 1. Consolidated Financial Statements:
Consolidated Statements of Financial Condition as of September 30, 2020 (Unaudited) and December 31, 2019 (Derived from the audited consolidated financial statements as of December 31, 2019)
Consolidated Statements of Operations (Unaudited) for the quarters and nine months ended September 30, 2020 and 2019
Consolidated Statements of Comprehensive Income (Unaudited) for the quarters and nine months ended September 30, 2020 and 2019
Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) for the quarters and nine months ended September 30, 2020 and 2019
Consolidated Statements of Cash Flows (Unaudited) for the nine months ended September 30, 2020 and 2019
Notes to Consolidated Financial Statements (Unaudited)
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures about Market Risk
Item 4. Controls and Procedures
Part II.  OTHER INFORMATION
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
SIGNATURES





1


Part I
Item 1. Consolidated Financial Statements

CHIMERA INVESTMENT CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(dollars in thousands, except share and per share data)
(Unaudited)
September 30, 2020December 31, 2019
Cash and cash equivalents$325,717 $109,878 
Non-Agency RMBS, at fair value (net of allowance for credit losses of $167 thousand and $0 thousand, respectively)
2,218,289 2,614,408 
Agency RMBS, at fair value99,988 6,490,293 
Agency CMBS, at fair value1,754,740 2,850,717 
Loans held for investment, at fair value13,533,252 14,292,815 
Receivable for investments sold 446,225 
Accrued interest receivable86,727 116,423 
Other assets75,155 194,301 
Derivatives, at fair value, net 3,611 
Total assets (1)
$18,093,868 $27,118,671 
Liabilities:  
Secured financing agreements ($6.7 billion and $15.4 billion pledged as collateral, respectively)
$4,700,037 $13,427,545 
Securitized debt, collateralized by Non-Agency RMBS ($528 million and $598 million pledged as collateral, respectively)
117,904 133,557 
Securitized debt at fair value, collateralized by loans held for investment ($12.4 billion and $12.1 billion pledged as collateral, respectively)
8,757,449 8,179,608 
Long term debt70,641  
Payable for investments purchased614,583 1,256,337 
Accrued interest payable36,451 63,600 
Dividends payable76,362 98,568 
Accounts payable and other liabilities23,899 6,163 
Total liabilities (1)
$14,397,326 $23,165,378 
Commitments and Contingencies (See Note 16)
Stockholders' Equity:  
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized:
8.00% Series A cumulative redeemable: 5,800,000 shares issued and outstanding, respectively ($145,000 liquidation preference)
$58 $58 
8.00% Series B cumulative redeemable: 13,000,000 shares issued and outstanding, respectively ($325,000 liquidation preference)
130 130 
7.75% Series C cumulative redeemable: 10,400,000 shares issued and outstanding, respectively ($260,000 liquidation preference)
104 104 
8.00% Series D cumulative redeemable: 8,000,000 shares issued and outstanding, respectively ($200,000 liquidation preference)
80 80 
Common stock: par value $0.01 per share; 500,000,000 shares authorized, 232,190,087 and 187,226,081 shares issued and outstanding, respectively
2,322 1,873 
Additional paid-in-capital4,517,819 4,275,963 
Accumulated other comprehensive income554,981 708,336 
Cumulative earnings3,734,659 3,793,040 
Cumulative distributions to stockholders(5,113,611)(4,826,291)
Total stockholders' equity$3,696,542 $3,953,293 
Total liabilities and stockholders' equity$18,093,868 $27,118,671 
(1) The Company's consolidated statements of financial condition include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Chimera Investment Corporation). As of September 30, 2020, and December 31, 2019, total
2


assets of consolidated VIEs were $12,795,729 and $12,544,744, respectively, and total liabilities of consolidated VIEs were $8,660,123 and $8,064,235, respectively. See Note 9 for further discussion.

See accompanying notes to consolidated financial statements.
3


CHIMERA INVESTMENT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(dollars in thousands, except share and per share data)
(Unaudited)
 For the Quarters EndedFor the Nine Months Ended
September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Net interest income:
Interest income (1)
$247,905 $330,144 $794,094 $1,020,448 
Interest expense (2)
124,557 188,551 395,897 589,611 
Net interest income123,348 141,593 398,197 430,837 
Increase/(decrease) in provision for credit losses(1,650) 167  
Net other-than-temporary credit impairment losses   (4,853)
Other investment gains (losses): 
Net unrealized gains (losses) on derivatives 31,620 201,000 (189,865)
Realized gains (losses) on terminations of interest rate swaps (148,114)(463,966)(351,372)
Net realized gains (losses) on derivatives (20,178)(41,086)(37,151)
Net gains (losses) on derivatives (136,672)(304,052)(578,388)
Net unrealized gains (losses) on financial instruments at fair value260,766 130,825 (172,042)522,386 
Net realized gains (losses) on sales of investments65,041 1,596 167,275 2,673 
Gains (losses) on extinguishment of debt(55,794) (55,338)(608)
Total other gains (losses)270,013 (4,251)(364,157)(53,937)
Other expenses:  
Compensation and benefits10,287 12,191 33,476 38,675 
General and administrative expenses6,811 6,528 19,050 18,569 
Servicing fees8,898 8,881 28,359 27,125 
Transaction expenses1,624 3,415 11,239 4,289 
Total other expenses27,620 31,015 92,124 88,658 
Income (loss) before income taxes367,391 106,327 (58,251)283,389 
Income taxes62 1 130 156 
Net income (loss)$367,329 $106,326 $(58,381)$283,233 
Dividends on preferred stock18,438 18,438 55,313 54,267 
Net income (loss) available to common shareholders$348,891 $87,888 $(113,694)$228,966 
Net income (loss) per share available to common shareholders:
Basic$1.50 $0.47 $(0.55)$1.22 
Diluted$1.32 $0.47 $(0.55)$1.22 
Weighted average number of common shares outstanding:
Basic232,127,224 187,158,167 206,237,705 187,141,377 
Diluted265,346,359 188,440,171 206,237,705 188,331,109 

(1) Includes interest income of consolidated VIEs of $171,442 and $192,622 for the quarters ended September 30, 2020 and 2019, respectively and $515,250 and $600,436 for the nine months ended September 30, 2020 and 2019, respectively. See Note 9 to consolidated financial statements for further discussion.

(2) Includes interest expense of consolidated VIEs of $74,753 and $82,234 for the quarters ended September 30, 2020 and 2019, respectively and $210,198 and $260,790 for the nine months ended September 30, 2020 and 2019, respectively. See Note 9 to consolidated financial statements for further discussion.

See accompanying notes to consolidated financial statements.
4


CHIMERA INVESTMENT CORPORATION
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(dollars in thousands, except share and per share data)
(Unaudited)
For the Quarters EndedFor the Nine Months Ended
September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Comprehensive income (loss): 
Net income (loss)$367,329 $106,326 $(58,381)$283,233 
Other comprehensive income: 
Unrealized gains (losses) on available-for-sale securities, net (1)
40,470 29,980 (97,334)115,198 
Reclassification adjustment for net losses included in net income for other-than-temporary credit impairment losses   4,853 
Reclassification adjustment for net realized losses (gains) included in net income(22,999) (56,021)22,187 
Other comprehensive income (loss)17,471 29,980 (153,355)142,238 
Comprehensive income (loss) before preferred stock dividends$384,800 $136,306 $(211,736)$425,471 
Dividends on preferred stock$18,438 $18,438 $55,313 $54,267 
Comprehensive income (loss) available to common stock shareholders$366,362 $117,868 $(267,049)$371,204 

(1) Quarter ended and nine months ended September 30, 2020 amounts includes $150 thousand and $15 million, respectively, of unrealized losses on AFS securities for which the Company has recognized an allowance for credit losses.
5


CHIMERA INVESTMENT CORPORATION   
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
(dollars in thousands, except per share data)
(Unaudited)
For the Quarter Ended September 30, 2020
 Series A Preferred Stock Par ValueSeries B Preferred Stock Par ValueSeries C Preferred Stock Par ValueSeries D Preferred Stock Par ValueCommon
Stock Par
Value
Additional Paid-in CapitalAccumulated Other Comprehensive IncomeCumulative EarningsCumulative Distributions to StockholdersTotal
Balance, June 30, 2020$58 $130 $104 $80 $2,320 $4,515,043 $537,510 $3,367,330 $(5,026,696)$3,395,879 
Net income (loss)— — — — — — — 367,329 — 367,329 
Other comprehensive income (loss)— — — — — — 17,471 — — 17,471 
Settlement of Convertible Debt— — — — 2 1,198 — — — 1,200 
Stock based compensation— — — — — 1,578 — — — 1,578 
Common dividends declared— — — — — — — — (68,477)(68,477)
Preferred dividends declared— — — — — — — — (18,438)(18,438)
Balance, September 30, 2020$58 $130 $104 $80 $2,322 $4,517,819 $554,981 $3,734,659 $(5,113,611)$3,696,542 
For the Quarter Ended September 30, 2019
 Series A Preferred Stock Par ValueSeries B Preferred Stock Par ValueSeries C Preferred Stock Par ValueSeries D Preferred Stock Par ValueCommon
Stock Par
Value
Additional Paid-in CapitalAccumulated Other Comprehensive IncomeCumulative EarningsCumulative Distributions to StockholdersTotal
Balance, June 30, 2019$58 $130 $104 $80 $1,872 $4,272,001 $739,090 $3,556,396 $(4,600,781)$3,968,950 
Net income (loss)— — — — — — — 106,326 — 106,326 
Other comprehensive income (loss)— — — — — — 29,980 — — 29,980 
Stock based compensation— — — — — 2,720 — — — 2,720 
Common dividends declared— — — — — — — — (94,494)(94,494)
Preferred dividends declared— — — — — — — — (18,438)(18,438)
Balance, September 30, 2019$58 $130 $104 $80 $1,872 $4,274,721 $769,070 $3,662,722 $(4,713,713)$3,995,044 
For the Nine Months Ended September 30, 2020
Series A Preferred Stock Par ValueSeries B Preferred Stock Par ValueSeries C Preferred Stock Par ValueSeries D Preferred Stock Par ValueCommon
Stock Par
Value
Additional Paid-in CapitalAccumulated Other Comprehensive IncomeCumulative EarningsCumulative Distributions to StockholdersTotal
Balance, December 31, 2019$58 $130 $104 $80 $1,873 $4,275,963 $708,336 $3,793,040 $(4,826,291)$3,953,293 
Net income (loss)— — — — — — — (58,381)— (58,381)
Other comprehensive income (loss)— — — — — — (153,355)— — (153,355)
Repurchase of common stock— — — — (15)(22,051)— — — (22,066)
Settlement of Convertible Debt— — — — 463 293,546 — — — 294,009 
Purchase of Capped Call— — — — — (33,750)— — — (33,750)
Stock based compensation— — — — 1 4,111 — — — 4,112 
Common dividends declared— — — — — — — — (232,007)(232,007)
Preferred dividends declared— — — — — — — — (55,313)(55,313)
Balance, September 30, 2020$58 $130 $104 $80 $2,322 $4,517,819 $554,981 $3,734,659 $(5,113,611)$3,696,542 
6


For the Nine Months Ended September 30, 2019
Series A Preferred Stock Par ValueSeries B Preferred Stock Par ValueSeries C Preferred Stock Par ValueSeries D Preferred Stock Par ValueCommon
Stock Par
Value
Additional Paid-in CapitalAccumulated Other Comprehensive IncomeCumulative EarningsCumulative Distributions to StockholdersTotal
Balance, December 31, 2018$58 $130 $104 $ $1,871 $4,072,093 $626,832 $3,379,489 $(4,376,748)$3,703,829 
Net income (loss)— — — — — — — 283,233 — 283,233 
Other comprehensive income (loss)— — — — — — 142,238 — — 142,238 
Stock based compensation— — — — 1 9,340 — — — 9,341 
Common dividends declared— — — — — — — — (282,698)(282,698)
Preferred dividends declared— — — — — — — — (54,267)(54,267)
Issuance of preferred stock— — — 80 — 193,288 — — — 193,368 
Balance, September 30, 2019$58 $130 $104 $80 $1,872 $4,274,721 $769,070 $3,662,722