Pj568

Chimera Investment Struggling to Stay Afloat

Not a good time to be invested in mortgages period. Thornburg (who also held high quality mortgages) reported they suffered a 10% decrease in asset value since Feb 14th. If the same is true for CIM, sizeable write-down would be expected for the quarter. With DB requiring they serve as lead underwriter on future offerings, I would suspect an offering is now being considered.