Chimera Investment Corporation · NYSE:CIM
Chimera Investment — SFVegas 2026
24 slides from Chimera Investment's conference presentation, Feb 22, 2026
Slide 1: Residential Focus | Diversified Income - SFVegas 2026
R ESIDENTIAL F OCUS | D IVERSIFIED I NCOME SFVegas 2026 February 22-25, 2026
Slide 2: Disclaimer
Disclaimer This presentation includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995,. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rel
Slide 3: Chimera Investment Corp.
Chimera Investment Corp. We are a fully integrated hybrid mortgage REIT delivering diversified investment solutions across the mortgage product spectrum. HYBRID ▪ Invests across the spectrum of mortgage products, including residential loans, mortgage securities and servicing rights. INVESTMENT APPRO
Slide 4: Creating Long-Term Shareholder Value
Creating Long-Term Shareholder Value Positioned with diverse sources of revenue and synergistic platform capabilities. Capital investment in technology, growth, & strategic initiatives across platform PERMANENT CAPITAL ADVISORY SERVICES & RESIDENTIAL INVESTMENT PORTFOLIO THIRD-PARTY CAPITAL ORIGINAT
Slide 5: Residential Credit | Q4 2025 Portfolio Summary
Residential Credit | Q4 2025 Portfolio Summary ▪ We acquire residential mortgage loans from banks, non-bank financial institutions and government sponsored agencies. ▪ We finance purchases of mortgage loans via warehouse facilities and repurchase agreements (recourse financing). OVERVIEW ▪ We securi
Slide 6: Residential Credit | Delinquency Experience
Residential Credit | Delinquency Experience Residential credit fundamentals in our legacy RPL portfolio have remained stable with substantial borrower equity and loan seasoning. 60+ DAY DELINQUENCY EXPERIENCE (%)(1) RE-PERFORMING LOANS (RPL) INVESTOR LOANS (DSCR) 9.5 5.0 9.0 4.0 8.5 3.0 8.0 2.0 7.5
Slide 7: Residential Credit | Prepayment Experience
Residential Credit | Prepayment Experience Prepayments remained relatively flat in Q4 for RPL; while DSCR and Prime Jumbo prepayment activity picked up. PREPAYMENT EXPERIENCE (ANNUALIZED %)(1) RE-PERFORMING LOANS (RPL) INVESTOR LOANS (DSCR) 12 20 10 15 8 6 10 4 5 2 0 0 Sep-22 Sep-23 Sep-24 Sep-23 Se
Slide 8: Third-Party Asset Management Highlights
Third-Party Asset Management Highlights Chimera’s third-party asset management business provides advisory and transaction execution services for mortgage loan investors. LOANS UNDER MGMT. TRANSACTION GROWTH LOANS UNDER MANAGEMENT ($ Billions)(1) GROWTH (YoY)(1) (YoY)(1) $30 20% 16% $25 $20 $15 $24.5
Slide 9: Consolidated Loan Securitizations
Consolidated Loan Securitizations ORIGINAL FACE ($ Thousands) REMAINING FACE ($ Thousands) WEIGHTED AVERAGE COUPON (WAC) VINTAGE DEAL TOTAL SOLD RETAINED TOTAL SOLD RETAINED Outstanding Bonds Sold Underlying Collateral FIRST CALL DATE 2025 CIM 2025-R1 391,790 333,021 58,769 366,345 316,245 58,731 5.
Slide 10: HomeXpress
“ HOMEXPRESS we | MORTGAGE CORP.
Slide 11: HomeXpress | Review
HomeXpress | Review ▪ First funding in Q1 2016. HOMEXPRESS ▪ Profitable in Q3 2016 and in each year thereafter. NON-QM ▪ Originates consumer non-QM and investor business purpose loans. ORIGINATOR ▪ Active lender in 46 states and D.C. DEFINING ▪ 2020 (Covid): kept all employees. DECISIONS ▪ 2022 (Rat
Slide 12: Residential Origination Highlights
HomeXpress | Residential Origination Highlights A leading partner for loan brokers and correspondent lenders across the U.S. Q4 2025 ▪ 18% increase in volume versus Q3 2025; 49% increased in volume relative to Q4 2024. RESIDENTIAL ORIGINATION ▪ 3.58% gain-on-sale premiums. UPDATE ▪ Wholesale volumes
Slide 13: National Coverage
HomeXpress | National Coverage HomeXpress originates loans nationally – In trailing 12 months, loans were originated in 46 states and DC. Substantially all on a wholesale basis. LENDING PRESENCE ▪ We expect by the end of Q1 2026, all state license applications for consumer purpose origination and se
Slide 14: Underwriting Process
HomeXpress | Underwriting Process ATR Exception Disclosures Underwriting Worksheet Exceptions XXXX Approval 01 02 03 04 05 Disclosures Loans are ATR worksheet Exceptions require Exception granted (LE,CD,COC) are underwritten by specific to the written on a case-by-case completed by HomeXpress staff,
Slide 15: HomeXpress | Operations
HomeXpress | Operations 2026 operations team is focused on increasing efficiency, channel diversification, and further enhancing risk management. AUTOMATION & ▪ Attribute driven underwriting conditions: ensures file quality, decision consistency and underwriter efficiency . PROCESS ▪ AI empowered in
Slide 16: Credit Risk Management
HomeXpress | Credit Risk Management Framework Designed to Produce High-Quality Loans While Mitigating Operational and Regulatory Risks. DISCIPLINED LOAN PROGRAM DESIGN RIGOROUS BROKER APPROVAL PROCESS ▪ Robust upfront approval process for all brokers with focus on regulatory ▪ Loan programs designed
Slide 17: Appraisal Process
HomeXpress | Appraisal Process Appraisal Review & Appraisal Submission Reconciliation & Approval Supporting Tools XXXX 01 USPAP and AIR compliant 02 HomeXpress performs an 03 A HomeXpress underwriter appraisal required. appraisal review of will reconcile value submitted appraisals discrepancies abov
Slide 18: Due Diligence Process
HomeXpress | Due Diligence Process 100% Review Reliance Letter to the Investor Full File Review XXXX 01 HomeXpress Non-QM 02 HomeXpress contracts the 03 Due diligence performed is loans receive a due diligence for its own the full Securitization securitization level due benefit and provides a Review
Slide 19: HomeXpress | Capital Markets
HomeXpress | Capital Markets ▪ Non-QM loan sales are sold through bid in comp or negotiated bulk sales. NON-QM ▪ In 2025, sold to 8 different Non-QM investor partners, 2 of which were new relationships. SALES ▪ Top 3 Non-QM purchasers bought ~70% of loans sold. ▪ In 2025, brought on 2 brand new inve
Slide 20: Compliance Management Structure
HomeXpress | Compliance Management Structure Board Approved Compliance Management Framework: ▪ Compliance with all applicable consumer laws and CFPB rules and regulations. ▪ Ensures a positive “Tone at the Top” with the appropriate expertise employed as to Compliance. ▪ Material Compliance and Indep
Slide 21: Corporate Training
HomeXpress | Corporate Training Comprehensive Corporate Train·ng Programs to Deliver the Best Exper"ence and Value for Customers Employ,ee and Management Training Compliance and IT S,ecurity Training New Hire Continued Management Complianc,e ITCyber Training Education Development Training S,ecurity
Slide 22: Appendix
We. | Appendix CHIMERA
Slide 23: Endnotes
Endnotes Slide #3 1. Unaudited total debt related to third-party managed loans and real estate. Excludes total debt related to loans owned by the Company and discretionary credit funds. Data is sourced and reconciled to monthly mortgage loan servicer detail which is subject to subsequent adjustment
Slide 24: Information unaudited, estimated, and subject to change.
Information unaudited, estimated, and subject to change.