3500000146700000P3Yfalse--12-31Q2202000014094930.03460.03200.03300.03510.03350.03520.03620.03060.03190.03190.03260.02590.02150.01900.07000.02930.05560.04500.08740.02430.02670.02740.07000.01660.01580.01680.01680.02150.01970.00210.015000000005000000001872260812320035261872260812320035260.1538020000000.030.100.750.200.090.080.820.200.061.000.830.430.060.130.550.350.000.000.300.060.000.030.260.060.000.000.260.060.000.000.270.060.030.100.750.200.080.100.810.230.101.000.850.450.050.130.580.350.000.000.300.050.000.030.270.010.000.000.000.050.000.040.100.0260000001300000010000000014710000006080004590000000.0650.080.080.07750.080.080.080.07750.081.001.000.971450003250002600002000001450003250002600002000000.010.0110000000010000000058000001300000010400000800000058000001300000010400000800000058000001300000010400000800000058000001300000010400000800000012100000000598000000154000000001220000000052400000078000000000.33330.33330.33330.33330.33330.3333 0001409493 2020-01-01 2020-06-30 0001409493 2020-07-31 0001409493 us-gaap:SeriesDPreferredStockMember 2020-01-01 2020-06-30 0001409493 us-gaap:SeriesCPreferredStockMember 2020-01-01 2020-06-30 0001409493 us-gaap:PreferredClassBMember 2020-01-01 2020-06-30 0001409493 us-gaap:CommonStockMember 2020-01-01 2020-06-30 0001409493 us-gaap:PreferredClassAMember 2020-01-01 2020-06-30 0001409493 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-06-30 0001409493 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-12-31 0001409493 2020-06-30 0001409493 2019-12-31 0001409493 us-gaap:SeriesDPreferredStockMember 2020-06-30 0001409493 us-gaap:SeriesCPreferredStockMember 2020-06-30 0001409493 us-gaap:SeriesDPreferredStockMember 2019-12-31 0001409493 us-gaap:PreferredClassAMember 2019-12-31 0001409493 us-gaap:SeriesCPreferredStockMember 2019-12-31 0001409493 us-gaap:PreferredClassAMember 2020-06-30 0001409493 us-gaap:PreferredClassBMember 2019-12-31 0001409493 us-gaap:PreferredClassBMember 2020-06-30 0001409493 cim:LoansHeldForInvestmentAtFairValueMember cim:SecuritizedLoansMember 2019-12-31 0001409493 cim:LoansHeldForInvestmentAtFairValueMember cim:SecuritizedLoansMember 2020-06-30 0001409493 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 us-gaap:PreferredClassBMember 2019-01-01 2019-12-31 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SecuritizedLoansMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 us-gaap:SeriesCPreferredStockMember 2019-01-01 2019-12-31 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SecuritizedLoansMember 2019-12-31 0001409493 us-gaap:PreferredClassAMember 2019-01-01 2019-12-31 0001409493 us-gaap:ResidentialMortgageBackedSecuritiesMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 us-gaap:SeriesDPreferredStockMember 2019-01-01 2019-12-31 0001409493 2019-04-01 2019-06-30 0001409493 2019-01-01 2019-06-30 0001409493 2020-04-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesAndSecuritizedLoansMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-04-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesAndSecuritizedLoansMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-04-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesAndSecuritizedLoansMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-01-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesAndSecuritizedLoansMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-01-01 2019-06-30 0001409493 us-gaap:PreferredClassAMember us-gaap:PreferredStockMember 2019-12-31 0001409493 us-gaap:SeriesDPreferredStockMember us-gaap:PreferredStockMember 2018-12-31 0001409493 us-gaap:RetainedEarningsMember 2019-01-01 2019-06-30 0001409493 us-gaap:PreferredClassAMember us-gaap:PreferredStockMember 2020-03-31 0001409493 us-gaap:RetainedEarningsMember 2019-06-30 0001409493 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2020-01-01 2020-06-30 0001409493 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-06-30 0001409493 us-gaap:AdditionalPaidInCapitalMember 2020-04-01 2020-06-30 0001409493 us-gaap:SeriesDPreferredStockMember us-gaap:PreferredStockMember 2020-03-31 0001409493 us-gaap:SeriesCPreferredStockMember us-gaap:PreferredStockMember 2019-06-30 0001409493 us-gaap:RetainedEarningsMember 2019-12-31 0001409493 us-gaap:CommonStockMember 2019-06-30 0001409493 us-gaap:PreferredClassAMember us-gaap:PreferredStockMember 2018-12-31 0001409493 us-gaap:SeriesCPreferredStockMember us-gaap:PreferredStockMember 2019-03-31 0001409493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-06-30 0001409493 us-gaap:RetainedEarningsMember 2020-06-30 0001409493 us-gaap:PreferredClassBMember us-gaap:PreferredStockMember 2019-06-30 0001409493 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2020-04-01 2020-06-30 0001409493 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2019-04-01 2019-06-30 0001409493 us-gaap:RetainedEarningsMember 2020-03-31 0001409493 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-06-30 0001409493 us-gaap:PreferredClassAMember us-gaap:PreferredStockMember 2020-06-30 0001409493 us-gaap:SeriesDPreferredStockMember us-gaap:PreferredStockMember 2020-06-30 0001409493 us-gaap:RetainedEarningsMember 2020-01-01 2020-06-30 0001409493 us-gaap:PreferredClassAMember us-gaap:PreferredStockMember 2019-06-30 0001409493 us-gaap:CommonStockMember 2020-01-01 2020-06-30 0001409493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-06-30 0001409493 us-gaap:CommonStockMember 2019-01-01 2019-06-30 0001409493 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2020-06-30 0001409493 us-gaap:RetainedEarningsMember 2018-12-31 0001409493 us-gaap:SeriesCPreferredStockMember us-gaap:PreferredStockMember 2020-03-31 0001409493 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0001409493 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001409493 us-gaap:AdditionalPaidInCapitalMember 2020-06-30 0001409493 us-gaap:SeriesCPreferredStockMember us-gaap:PreferredStockMember 2020-06-30 0001409493 us-gaap:SeriesDPreferredStockMember us-gaap:PreferredStockMember 2019-06-30 0001409493 us-gaap:SeriesDPreferredStockMember us-gaap:PreferredStockMember 2019-03-31 0001409493 us-gaap:CommonStockMember 2020-04-01 2020-06-30 0001409493 us-gaap:CommonStockMember 2019-03-31 0001409493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001409493 us-gaap:CommonStockMember 2020-03-31 0001409493 us-gaap:PreferredClassBMember us-gaap:PreferredStockMember 2018-12-31 0001409493 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2019-06-30 0001409493 2020-03-31 0001409493 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001409493 us-gaap:RetainedEarningsMember 2020-04-01 2020-06-30 0001409493 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2020-03-31 0001409493 us-gaap:CommonStockMember 2019-12-31 0001409493 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001409493 us-gaap:CommonStockMember 2020-06-30 0001409493 2019-03-31 0001409493 us-gaap:SeriesCPreferredStockMember us-gaap:PreferredStockMember 2018-12-31 0001409493 us-gaap:PreferredClassBMember us-gaap:PreferredStockMember 2019-12-31 0001409493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001409493 2019-06-30 0001409493 us-gaap:PreferredClassBMember us-gaap:PreferredStockMember 2020-03-31 0001409493 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2019-01-01 2019-06-30 0001409493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-06-30 0001409493 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2019-12-31 0001409493 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2018-12-31 0001409493 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001409493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001409493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0001409493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001409493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-31 0001409493 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2019-03-31 0001409493 us-gaap:PreferredClassBMember us-gaap:PreferredStockMember 2020-06-30 0001409493 2018-12-31 0001409493 us-gaap:SeriesCPreferredStockMember us-gaap:PreferredStockMember 2019-12-31 0001409493 us-gaap:RetainedEarningsMember 2019-03-31 0001409493 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001409493 us-gaap:PreferredClassBMember us-gaap:PreferredStockMember 2019-03-31 0001409493 us-gaap:SeriesDPreferredStockMember us-gaap:PreferredStockMember 2019-01-01 2019-06-30 0001409493 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0001409493 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-04-01 2020-06-30 0001409493 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001409493 us-gaap:PreferredClassAMember us-gaap:PreferredStockMember 2019-03-31 0001409493 us-gaap:CommonStockMember 2018-12-31 0001409493 us-gaap:SeriesDPreferredStockMember us-gaap:PreferredStockMember 2019-12-31 0001409493 cim:LoansHeldForInvestmentMember 2020-01-01 2020-06-30 0001409493 cim:LoansHeldForInvestmentMember 2019-01-01 2019-06-30 0001409493 cim:AgencyMortgageBackedSecuritiesMember 2020-01-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-01-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-01-01 2020-06-30 0001409493 cim:AgencyMortgageBackedSecuritiesMember 2019-01-01 2019-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:AgencyInterestOnlyResidentialMortgageBackedSecuritiesMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 stpr:TX cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 stpr:TX cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 2019-12-31 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 2020-06-30 0001409493 stpr:NY cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 stpr:NY cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 stpr:FL cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 stpr:CA cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 stpr:CA cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 stpr:FL cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-01-01 2020-03-31 0001409493 srt:MinimumMember cim:AltaMember 2020-01-01 2020-06-30 0001409493 cim:NonAgencyResidentialMBSDeemedToBeEquivalentToAltAQualityMember 2019-12-31 0001409493 srt:MaximumMember cim:AltaMember 2020-01-01 2020-06-30 0001409493 cim:NonAgencyResidentialMBSDeemedToBeEquivalentToAltAQualityMember 2020-06-30 0001409493 cim:NonAgencyResidentialMbsDeemedToBeEquivalentToPrimeQualityMember 2019-12-31 0001409493 cim:NonAgencyResidentialMbsDeemedToBeEquivalentToPrimeQualityMember 2020-06-30 0001409493 cim:AgencyPassThroughMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:AgencyPassThroughMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:CommercialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:CommercialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:AgencyInterestOnlyResidentialMortgageBackedSecuritiesMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:SeasonedSubprimeResidentialMortgageLoansMember 2020-01-01 2020-06-30 0001409493 cim:LoansHeldForInvestmentAtFairValueMember 2020-01-01 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember 2019-04-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-01-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-04-01 2019-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember 2020-01-01 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember 2019-01-01 2019-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember 2019-04-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-01-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-04-01 2020-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember 2019-01-01 2019-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember 2020-04-01 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember 2020-01-01 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember 2020-04-01 2020-06-30 0001409493 cim:BCreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:AACreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:BBBCreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:AAACreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:BelowBorNotRatedMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:AAACreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:AACreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:BBCreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:BBCreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:ACreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:BBBCreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:ACreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:BCreditRatingMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:BelowBorNotRatedMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 us-gaap:CreditQualityIndicatorUpdatedQuarterlyMember srt:WeightedAverageMember cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 us-gaap:CreditQualityIndicatorUpdatedQuarterlyMember srt:WeightedAverageMember cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 us-gaap:CreditQualityIndicatorUpdatedQuarterlyMember srt:WeightedAverageMember cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 us-gaap:CreditQualityIndicatorUpdatedQuarterlyMember srt:WeightedAverageMember cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember 2020-06-30 0001409493 cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember 2020-06-30 0001409493 us-gaap:CreditQualityIndicatorUpdatedQuarterlyMember srt:WeightedAverageMember cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 us-gaap:CreditQualityIndicatorUpdatedQuarterlyMember srt:WeightedAverageMember cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2020-03-31 0001409493 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2019-12-31 0001409493 cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2020-06-30 0001409493 cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 0001409493 cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2020-06-30 2020-06-30 0001409493 stpr:NY cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 0001409493 stpr:VA cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2020-06-30 0001409493 stpr:FL cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2020-06-30 0001409493 stpr:OH cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 0001409493 cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 2019-12-31 0001409493 stpr:CA cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 0001409493 stpr:CA cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2020-06-30 0001409493 stpr:PA cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2020-06-30 0001409493 stpr:FL cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 0001409493 stpr:NY cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2020-06-30 0001409493 stpr:PA cim:SeasonedSubprimeResidentialMortgageLoansMember cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 0001409493 cim:LoansHeldForInvestmentAtFairValueMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-01-01 2020-06-30 0001409493 cim:LoansHeldForInvestmentAtFairValueMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-01-01 2019-12-31 0001409493 cim:LoansHeldForInvestmentAtFairValueMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-06-30 0001409493 cim:LoansHeldForInvestmentAtFairValueMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-12-31 0001409493 cim:LoansHeldForInvestmentAtFairValueMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0001409493 us-gaap:EstimateOfFairValueFairValueDisclosureMember cim:SeasonedSubprimeResidentialMortgageLoansMember 2020-06-30 0001409493 us-gaap:EstimateOfFairValueFairValueDisclosureMember cim:SeasonedSubprimeResidentialMortgageLoansMember 2019-12-31 0001409493 cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 0001409493 cim:LoansHeldForInvestmentAtFairValueMember 2019-01-01 2019-12-31 0001409493 us-gaap:ResidentialPortfolioSegmentMember cim:RealEstateOwnedMember 2019-12-31 0001409493 us-gaap:ResidentialPortfolioSegmentMember 2020-06-30 0001409493 us-gaap:ResidentialPortfolioSegmentMember cim:ForeclosureMember 2019-12-31 0001409493 us-gaap:ResidentialPortfolioSegmentMember cim:ForeclosureMember 2020-06-30 0001409493 us-gaap:ResidentialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-12-31 0001409493 us-gaap:ResidentialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-12-31 0001409493 us-gaap:ResidentialPortfolioSegmentMember cim:RealEstateOwnedMember 2020-06-30 0001409493 us-gaap:ResidentialPortfolioSegmentMember cim:BankruptcyMember 2019-12-31 0001409493 us-gaap:ResidentialPortfolioSegmentMember 2019-12-31 0001409493 us-gaap:ResidentialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001409493 us-gaap:ResidentialPortfolioSegmentMember cim:BankruptcyMember 2020-06-30 0001409493 us-gaap:ResidentialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-06-30 0001409493 us-gaap:ResidentialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-06-30 0001409493 us-gaap:ResidentialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2020-06-30 0001409493 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2020-06-30 0001409493 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2020-06-30 0001409493 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2020-06-30 0001409493 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2020-06-30 0001409493 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2020-06-30 0001409493 us-gaap:FairValueMeasurementsRecurringMember 2020-06-30 0001409493 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SubordinatedResidentialMortgageBackedSecuritiesMember 2019-01-01 2019-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2020-04-01 2020-06-30 0001409493 cim:LoansHeldForInvestmentMember 2020-01-01 2020-06-30 0001409493 cim:LoansHeldForInvestmentMember 2020-04-01 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2020-04-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SeniorResidentialMortgageBackedSecuritiesMember 2019-01-01 2019-06-30 0001409493 cim:LoansHeldForInvestmentMember 2019-04-01 2019-06-30 0001409493 cim:LoansHeldForInvestmentMember 2019-01-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SubordinatedResidentialMortgageBackedSecuritiesMember 2020-04-01 2020-06-30 0001409493 us-gaap:SecuredDebtMember 2020-01-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SeniorResidentialMortgageBackedSecuritiesMember 2020-01-01 2020-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember cim:ResidentialPassthroughSecuritiesMember 2019-04-01 2019-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2020-01-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SubordinatedResidentialMortgageBackedSecuritiesMember 2020-01-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SubordinatedResidentialMortgageBackedSecuritiesMember 2019-04-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMember 2019-04-01 2019-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2020-01-01 2020-06-30 0001409493 us-gaap:SecuredDebtMember 2019-04-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SeniorResidentialMortgageBackedSecuritiesMember 2019-04-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMember 2020-04-01 2020-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember cim:ResidentialPassthroughSecuritiesMember 2020-01-01 2020-06-30 0001409493 us-gaap:SecuredDebtMember 2020-04-01 2020-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2019-04-01 2019-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember cim:CommercialProjectLoansMember 2019-01-01 2019-06-30 0001409493 us-gaap:SecuredDebtMember 2019-01-01 2019-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember cim:ResidentialPassthroughSecuritiesMember 2019-01-01 2019-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember cim:ResidentialPassthroughSecuritiesMember 2020-04-01 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2019-04-01 2019-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember cim:CommercialProjectLoansMember 2020-04-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMember 2019-01-01 2019-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember cim:CommercialProjectLoansMember 2019-04-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMember 2020-01-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SeniorResidentialMortgageBackedSecuritiesMember 2020-04-01 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember cim:CommercialProjectLoansMember 2020-01-01 2020-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2019-01-01 2019-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2019-01-01 2019-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:ThirdPartyAssessmentMember cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember us-gaap:SecuredDebtMember 2020-06-30 0001409493 cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember us-gaap:MortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:InternalAssessmentMember cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember us-gaap:SecuredDebtMember 2020-06-30 0001409493 cim:ThirdPartyAssessmentMember cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember cim:SecuritizedLoansHeldForInvestmentMember 2019-12-31 0001409493 cim:InternalAssessmentMember cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0001409493 cim:InternalAssessmentMember cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember cim:SecuritizedLoansHeldForInvestmentMember 2019-12-31 0001409493 cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember cim:SecuritizedLoansHeldForInvestmentMember 2019-12-31 0001409493 cim:ThirdPartyAssessmentMember cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember cim:SecuritizedLoansHeldForInvestmentMember 2020-06-30 0001409493 cim:InternalAssessmentMember cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember cim:SecuritizedLoansHeldForInvestmentMember 2020-06-30 0001409493 cim:InternalAssessmentMember cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember us-gaap:MortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember cim:SecuritizedLoansHeldForInvestmentMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2020-01-01 2020-03-31 0001409493 cim:ThirdPartyAssessmentMember cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember us-gaap:MortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:ThirdPartyAssessmentMember cim:InvestmentswithDifferenceBetweenModelPriceandThirdPartyPriceMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-12-31 0001409493 cim:SecuritizedDebtLoansHeldForInvestmentAtFairValueMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-01-01 2019-12-31 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2019-01-01 2019-12-31 0001409493 cim:SecuritizedDebtLoansHeldForInvestmentAtFairValueMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0001409493 cim:SecuritizedDebtLoansHeldForInvestmentAtFairValueMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-12-31 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember 2018-12-31 0001409493 srt:MultifamilyMember us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember 2020-06-30 0001409493 us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember us-gaap:BaseRateMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember us-gaap:BaseRateMember 2020-06-30 0001409493 us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember 2020-06-30 0001409493 srt:MultifamilyMember us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember cim:OwnerOccupiedMember 2019-12-31 0001409493 srt:SingleFamilyMember us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember 2020-06-30 0001409493 cim:ManufacturedHousingMember us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember 2020-06-30 0001409493 us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember cim:SecondaryOccupancyMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember cim:SecondaryOccupancyMember 2020-06-30 0001409493 us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember cim:InvestorOccupancyMember 2019-12-31 0001409493 cim:ManufacturedHousingMember us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember cim:OwnerOccupiedMember 2020-06-30 0001409493 srt:SingleFamilyMember us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel3Member cim:LoansHeldForInvestmentAtFairValueMember cim:InvestorOccupancyMember 2020-06-30 0001409493 cim:SecuritizedDebtLoansHeldForInvestmentAtFairValueMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-01-01 2020-06-30 0001409493 cim:SecuritizedDebtLoansHeldForInvestmentAtFairValueMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SubordinatedResidentialMortgageBackedSecuritiesMember 2019-12-31 0001409493 us-gaap:SecuredDebtMember 2019-12-31 0001409493 us-gaap:SecuredDebtMember 2020-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember cim:CommercialProjectLoansMember 2019-12-31 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMember 2019-12-31 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember cim:CommercialProjectLoansMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SeniorResidentialMortgageBackedSecuritiesInterestOnlyMember 2020-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember cim:ResidentialPassthroughSecuritiesMember 2019-12-31 0001409493 cim:LoansHeldForInvestmentMember 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2019-12-31 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:InterestOnlyStripMember 2019-12-31 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SubordinatedResidentialMortgageBackedSecuritiesMember 2020-06-30 0001409493 cim:LoansHeldForInvestmentMember 2019-12-31 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember cim:ResidentialPassthroughSecuritiesMember 2020-06-30 0001409493 us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001409493 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputLossSeverityMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputPrepaymentRateMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDefaultRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySubordinatedMortgageBackedSecuritiesAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:FairValueInputsLevel3Member cim:NonAgencySeniorMortgageBackedSecuritiesInterestOnlyAvailableForSaleMember us-gaap:MeasurementInputDiscountRateMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:WarehouseAgreementBorrowingsMember 2020-01-01 2020-06-30 0001409493 srt:MaximumMember 2020-06-30 0001409493 us-gaap:Maturity30To90DaysMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MinimumMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:WarehouseAgreementBorrowingsMember 2020-01-01 2020-06-30 0001409493 cim:SecuredDebtSubjecttoAutomaticStayProvisionsMember 2020-06-30 0001409493 cim:GoldmanSachsMember 2020-06-30 0001409493 us-gaap:WarehouseAgreementBorrowingsMember 2020-06-30 0001409493 cim:NotSubjecttoAdditionalMarginRequirementsMember 2020-06-30 0001409493 cim:GoldmanSachsMember us-gaap:StockholdersEquityTotalMember us-gaap:CreditConcentrationRiskMember us-gaap:AssetPledgedAsCollateralMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-01-01 2020-06-30 0001409493 cim:CreditAgreementMember us-gaap:SecuredDebtMember 2020-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesAndLoansHeldForInvestmentMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesAndLoansHeldForInvestmentMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesAndLoansHeldForInvestmentMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 2019-12-31 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 2019-12-31 0001409493 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 2019-12-31 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 2020-06-30 0001409493 cim:AgencyResidentialMortgageBackedSecuritiesMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 2019-12-31 0001409493 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesAndLoansHeldForInvestmentMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:AgencyCommercialMortgageBackedSecuritiesMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 2020-06-30 0001409493 cim:MaturityPeriodFourMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:WeightedAverageMember cim:MaturityPeriodTwoMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 us-gaap:MaturityOvernightMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:WeightedAverageMember cim:MaturityPeriodSixMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:WeightedAverageMember cim:MaturityPeriodNineMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 cim:MaturityPeriodSixMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:MaturityPeriodTwoMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:WeightedAverageMember cim:MaturityPeriodTwoMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 cim:MaturityPeriodSevenMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 cim:MaturityPeriodNineMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 us-gaap:MaturityUpTo30DaysMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:WeightedAverageMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:WeightedAverageMember cim:MaturityPeriodEightMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:MaturityUpTo30DaysMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:WeightedAverageMember cim:MaturityPeriodSevenMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:MaturityPeriodSevenMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:MaturityPeriodEightMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:WeightedAverageMember cim:MaturityPeriodSevenMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:WeightedAverageMember cim:MaturityPeriodNineMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:MaturityPeriodEightMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:MaturityPeriodFiveMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:MaturityPeriodTwoMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:MaturityUpTo30DaysMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 us-gaap:MaturityUpTo30DaysMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:WeightedAverageMember cim:MaturityPeriodSixMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 us-gaap:MaturityOvernightMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:MaturityPeriodSixMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:WeightedAverageMember cim:MaturityPeriodThreeMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:WeightedAverageMember cim:MaturityPeriodThreeMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 cim:MaturityPeriodNineMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:MaturityPeriodFiveMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 cim:MaturityPeriodFourMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:WeightedAverageMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 cim:MaturityPeriodThreeMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 cim:MaturityPeriodThreeMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:WeightedAverageMember cim:MaturityPeriodFiveMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:WeightedAverageMember cim:MaturityPeriodFiveMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MinimumMember us-gaap:MaturityUpTo30DaysMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MaximumMember us-gaap:MaturityUpTo30DaysMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MinimumMember cim:MaturityPeriodSixMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MinimumMember cim:MaturityPeriodFiveMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MaximumMember cim:MaturityPeriodSevenMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MinimumMember cim:MaturityPeriodSevenMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MinimumMember cim:MaturityPeriodThreeMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MaximumMember cim:MaturityPeriodTwoMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MinimumMember cim:MaturityPeriodNineMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MinimumMember cim:MaturityPeriodTwoMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MaximumMember cim:MaturityPeriodFiveMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MaximumMember cim:MaturityPeriodSixMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MaximumMember cim:MaturityPeriodNineMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MaximumMember cim:MaturityPeriodThreeMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001409493 srt:MinimumMember cim:MaturityPeriodEightMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MinimumMember cim:MaturityPeriodThreeMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MinimumMember us-gaap:MaturityUpTo30DaysMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MaximumMember cim:MaturityPeriodSixMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MinimumMember cim:MaturityPeriodTwoMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MaximumMember cim:MaturityPeriodSevenMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MinimumMember cim:MaturityPeriodSixMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MinimumMember cim:MaturityPeriodFiveMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MaximumMember cim:MaturityPeriodFiveMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MaximumMember us-gaap:MaturityUpTo30DaysMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MaximumMember cim:MaturityPeriodNineMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MaximumMember cim:MaturityPeriodEightMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MaximumMember cim:MaturityPeriodThreeMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MaximumMember cim:MaturityPeriodTwoMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MinimumMember cim:MaturityPeriodNineMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 srt:MinimumMember cim:MaturityPeriodSevenMember us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-06-30 0001409493 cim:SecuritizedLoansMember 2020-06-30 0001409493 us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-12-31 0001409493 us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember cim:SecuritizedLoansMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember cim:SecuritizedLoansMember 2019-12-31 0001409493 us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember cim:SecuritizedLoansMember 2019-12-31 0001409493 us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember cim:SecuritizedLoansMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember cim:SecuritizedLoansMember 2020-04-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SecuritizedLoansMember 2019-04-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SecuritizedLoansMember 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember cim:SecuritizedLoansMember 2020-01-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SecuritizedLoansMember 2019-01-01 2019-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember cim:SecuritizedLoansMember 2020-01-01 2020-06-30 0001409493 us-gaap:CommonStockMember 2020-04-07 2020-04-07 0001409493 cim:ConvertibleSeniorNotesdue2023Member us-gaap:ConvertibleDebtMember 2020-06-30 0001409493 cim:ConvertibleSeniorNotesdue2023Member us-gaap:ConvertibleDebtMember 2020-04-30 0001409493 cim:ConvertibleSeniorNotesdue2023Member us-gaap:ConvertibleDebtMember 2020-04-01 2020-04-30 0001409493 cim:ConvertibleSeniorNotesdue2023Member us-gaap:ConvertibleDebtMember 2020-04-01 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2020-06-30 0001409493 us-gaap:ResidentialMortgageMember us-gaap:SubprimeMember 2019-10-01 2019-12-31 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-12-31 0001409493 srt:MaximumMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2020-06-30 0001409493 cim:NonAgencyResidentialMortgageBackedSecuritiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-06-30 0001409493 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2020-06-30 0001409493 us-gaap:ResidentialMortgageMember us-gaap:SubprimeMember 2020-01-01 2020-06-30 0001409493 us-gaap:ResidentialMortgageMember us-gaap:SubprimeMember 2020-04-01 2020-06-30 0001409493 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-12-31 0001409493 srt:MaximumMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-12-31 0001409493 srt:MinimumMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2020-06-30 0001409493 srt:MinimumMember cim:NonAgencyResidentialMortgageBackedSecuritiesMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-12-31 0001409493 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-04-01 2020-06-30 0001409493 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-04-01 2019-06-30 0001409493 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-01-01 2019-06-30 0001409493 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-01-01 2020-06-30 0001409493 us-gaap:InterestRateSwapMember 2020-01-01 2020-06-30 0001409493 us-gaap:InterestRateSwapMember 2019-04-01 2019-06-30 0001409493 us-gaap:InterestRateSwapMember 2019-01-01 2019-06-30 0001409493 2019-01-01 2019-12-31 0001409493 us-gaap:InterestRateSwapMember 2020-04-01 2020-06-30 0001409493 us-gaap:SwaptionMember 2020-04-01 2020-06-30 0001409493 us-gaap:SwaptionMember 2019-04-01 2019-06-30 0001409493 us-gaap:FutureMember 2020-04-01 2020-06-30 0001409493 us-gaap:FutureMember 2019-04-01 2019-06-30 0001409493 us-gaap:FutureMember 2019-12-31 0001409493 us-gaap:InterestRateSwapMember 2019-12-31 0001409493 us-gaap:FutureMember 2020-01-01 2020-06-30 0001409493 us-gaap:FutureMember 2019-01-01 2019-06-30 0001409493 us-gaap:SwaptionMember 2019-01-01 2019-06-30 0001409493 us-gaap:InterestRateSwapMember 2020-06-30 0001409493 us-gaap:FutureMember 2020-06-30 0001409493 us-gaap:PreferredClassBMember 2020-04-01 2020-06-30 0001409493 us-gaap:SeriesCPreferredStockMember 2020-04-01 2020-06-30 0001409493 cim:RegularDividendMember 2019-01-01 2019-06-30 0001409493 us-gaap:SeriesDPreferredStockMember 2020-04-01 2020-06-30 0001409493 cim:WarrantSharesMember 2020-01-01 2020-06-30 0001409493 cim:RegularDividendMember 2020-04-01 2020-06-30 0001409493 us-gaap:PreferredClassAMember 2020-04-01 2020-06-30 0001409493 us-gaap:SeriesDPreferredStockMember 2019-04-01 2019-06-30 0001409493 cim:CreditAgreementMember us-gaap:SecuredDebtMember 2020-06-08 0001409493 cim:RegularDividendMember 2020-01-01 2020-06-30 0001409493 cim:WarrantSharesMember us-gaap:CommonStockMember 2020-06-08 0001409493 cim:RegularDividendMember 2019-04-01 2019-06-30 0001409493 us-gaap:CommonStockMember 2020-06-08 0001409493 us-gaap:PreferredClassAMember 2019-04-01 2019-06-30 0001409493 us-gaap:PreferredClassBMember 2019-04-01 2019-06-30 0001409493 us-gaap:SeriesCPreferredStockMember 2019-04-01 2019-06-30 0001409493 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-06-30 0001409493 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0001409493 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-06-30 0001409493 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2020-01-01 2020-06-30 0001409493 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-06-30 0001409493 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-12-31 0001409493 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2020-06-30 0001409493 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2020-01-01 2020-06-30 0001409493 cim:PerformanceShareUnitsMember 2020-01-01 2020-06-30 0001409493 cim:DefinedContribution401KPlanMember 2019-04-01 2019-06-30 0001409493 cim:DefinedContribution401KPlanMember 2019-01-01 2019-06-30 0001409493 us-gaap:RestrictedStockMember cim:TwoThousandAndSevenEquityIncentivePlanMember 2020-01-01 2020-06-30 0001409493 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-06-30 0001409493 cim:StockAwardDeferralProgramMember 2020-01-01 2020-06-30 0001409493 srt:MaximumMember cim:DefinedContribution401KPlanMember 2020-04-01 2020-06-30 0001409493 us-gaap:RestrictedStockMember cim:TwoThousandAndSevenEquityIncentivePlanMember 2020-06-30 0001409493 cim:PerformanceShareUnitsMember 2019-01-01 2019-06-30 0001409493 us-gaap:RestrictedStockUnitsRSUMember 2020-04-01 2020-06-30 0001409493 us-gaap:RestrictedStockUnitsRSUMember 2019-04-01 2019-06-30 0001409493 us-gaap:RestrictedStockUnitsRSUMember cim:TwoThousandAndSevenEquityIncentivePlanMember 2020-01-01 2020-06-30 0001409493 us-gaap:RestrictedStockUnitsRSUMember 2020-01-01 2020-06-30 0001409493 cim:DefinedContribution401KPlanMember 2020-04-01 2020-06-30 0001409493 srt:MinimumMember cim:PerformanceShareUnitsMember 2020-01-01 2020-06-30 0001409493 srt:MaximumMember cim:PerformanceShareUnitsMember 2020-01-01 2020-06-30 0001409493 cim:DefinedContribution401KPlanMember 2020-01-01 2020-06-30 0001409493 cim:PerformanceShareUnitsMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2020-01-01 2020-06-30 0001409493 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2020-01-01 2020-06-30 0001409493 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2020-01-01 2020-06-30 0001409493 cim:PerformanceShareUnitsMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2020-01-01 2020-06-30 0001409493 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2020-01-01 2020-06-30 0001409493 cim:PerformanceShareUnitsMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2020-01-01 2020-06-30 0001409493 2020-06-30 2020-06-30 0001409493 cim:HainsPointMember 2020-01-01 2020-06-30 xbrli:shares iso4217:USD cim:subsidiary xbrli:pure iso4217:USD xbrli:shares cim:loan cim:security cim:installment

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: June 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) 

                                                                                                                                             

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)

Indicate by check mark whether the Registrant (1) has filed all documents and 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 and posted 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 “accelerated filer,” “large 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:

CHIMERA INVESTMENT CORPORATION

FORM 10-Q

TABLE OF CONTENTS