2015 Q4 Form 10-K Financial Statement

#000115752316004744 Filed on February 25, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2015
Revenue $236.2M $215.4M $949.8M
YoY Change -11.2% -15.36% 21.85%
Cost Of Revenue $70.90M $78.50M $309.2M
YoY Change -7.2% 62.53% 71.49%
Gross Profit $165.3M $136.9M $640.6M
YoY Change -12.82% -33.61% 6.91%
Gross Profit Margin 69.98% 63.56% 67.45%
Selling, General & Admin $15.70M $12.50M $42.20M
YoY Change -2.48% 115.52% 32.7%
% of Gross Profit 9.5% 9.13% 6.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $18.70M $13.80M $43.60M
YoY Change 57.14% -166.67% -4063.64%
Operating Profit $146.6M $123.1M $597.0M
YoY Change -17.5% -45.75% -0.55%
Interest Expense $64.96M $67.91M $259.4M
YoY Change -1.28% 74.64% 75.5%
% of Operating Profit 44.31% 55.17% 43.44%
Other Income/Expense, Net
YoY Change
Pretax Income $115.4M -$48.26M $250.4M
YoY Change 1675.38% -112.78% -57.51%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $115.4M -$48.26M $250.3M
YoY Change 1678.91% -112.78% -57.51%
Net Earnings / Revenue 48.85% -22.4% 26.36%
Basic Earnings Per Share $0.61 -$0.24 $1.25
Diluted Earnings Per Share $608.3K -$0.24 $1.25
COMMON SHARES
Basic Shares Outstanding 189.0M shares 197.8M shares 199.6M shares
Diluted Shares Outstanding 197.9M shares 199.7M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $114.0M $40.00M $114.0M
YoY Change -30.91% -83.47% -30.91%
Cash & Equivalents $114.1M $40.10M $114.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $0.00 $58.00M $0.00
Other Receivables $66.00M $69.00M $66.00M
Total Short-Term Assets $180.0M $167.0M $180.0M
YoY Change -90.04% -46.98% -90.04%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.19B $10.31B $10.19B
YoY Change -13.97% -10.34% -13.97%
Other Assets
YoY Change
Total Long-Term Assets $15.16B $15.77B $15.17B
YoY Change -12.58% -8.17% -12.58%
TOTAL ASSETS
Total Short-Term Assets $180.0M $167.0M $180.0M
Total Long-Term Assets $15.16B $15.77B $15.17B
Total Assets $15.34B $15.94B $15.35B
YoY Change -19.89% -8.87% -19.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $572.0M $727.0M $572.0M
YoY Change -69.05% -14.37% -69.05%
Accrued Expenses $37.00M $40.00M $37.00M
YoY Change 15.63% -4.76% 15.63%
Deferred Revenue
YoY Change
Short-Term Debt $7.439B $7.151B $7.439B
YoY Change -12.02% -8.76% -12.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.138B $8.013B $8.138B
YoY Change -22.03% -9.25% -22.03%
LONG-TERM LIABILITIES
Long-Term Debt $4.250B $4.793B $4.250B
YoY Change -16.58% -5.15% -16.58%
Other Long-Term Liabilities $10.00M $15.00M $10.00M
YoY Change -28.57% -6.25% -28.57%
Total Long-Term Liabilities $4.260B $4.808B $4.260B
YoY Change -16.62% -5.15% -16.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.138B $8.013B $8.138B
Total Long-Term Liabilities $4.260B $4.808B $4.260B
Total Liabilities $12.40B $12.82B $12.40B
YoY Change -20.25% -7.76% -20.25%
SHAREHOLDERS EQUITY
Retained Earnings $1.891B -$1.221B
YoY Change -279.19% 25.98%
Common Stock $3.368B $3.405B
YoY Change -6.86% -5.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.946B $3.119B $2.946B
YoY Change
Total Liabilities & Shareholders Equity $15.34B $15.94B $15.35B
YoY Change -19.89% -8.87% -19.89%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2015
OPERATING ACTIVITIES
Net Income $115.4M -$48.26M $250.3M
YoY Change 1678.91% -112.78% -57.51%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $142.4M $61.60M $396.3M
YoY Change 419.71% -49.17% 116.8%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $80.10M $210.0M $2.038B
YoY Change -126.12% -109.83% -135.27%
Cash From Investing Activities $80.10M $210.0M $2.038B
YoY Change -126.12% -109.83% -135.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $250.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -148.6M -281.0M -$2.485B
YoY Change -173.49% -112.87% -143.72%
NET CHANGE
Cash From Operating Activities 142.4M 61.60M $396.3M
Cash From Investing Activities 80.10M 210.0M $2.038B
Cash From Financing Activities -148.6M -281.0M -$2.485B
Net Change In Cash 73.90M -9.400M -$50.56M
YoY Change -195.85% -105.6% -158.11%
FREE CASH FLOW
Cash From Operating Activities $142.4M $61.60M $396.3M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
867000
CY2013 us-gaap Interest Expense
InterestExpense
101999000
CY2013 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
45167000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1153443000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
68107000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000
CY2013 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
40811000
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14085000
CY2013 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
17671000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-543524000
CY2013 us-gaap Impairment Of Investments
ImpairmentOfInvestments
4356000
CY2013 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-4124000
CY2013 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
691000
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
691000
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
575213000
CY2013 us-gaap Variable Interest Entity Activity Between Vie And Entity Expense
VariableInterestEntityActivityBetweenVIEAndEntityExpense
2649000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
305099000
CY2013 cim Provision Recoveries For Loan Losses
ProvisionRecoveriesForLoanLosses
-1799000
CY2013 cim Noncash Investing Activities Receivable For Investments Sold
NoncashInvestingActivitiesReceivableForInvestmentsSold
253541000
CY2013 cim Investment Management Fees Affiliate Recoveries
InvestmentManagementFeesAffiliateRecoveries
6788000
CY2013 cim Realized Losses On Non Agency Residential Mortgage Backed Securities Reported In Net Income
RealizedLossesOnNonAgencyResidentialMortgageBackedSecuritiesReportedInNetIncome
18316000
CY2013 cim Other Gains Losses
OtherGainsLosses
32170000
CY2013 cim Investment Management Fees Affiliate Net
InvestmentManagementFeesAffiliateNet
19164000
CY2013 cim Interest Received During Period
InterestReceivedDuringPeriod
437533000
CY2013 cim Investment Management Fees Affiliate
InvestmentManagementFeesAffiliate
25952000
CY2013 cim Other Income Expense Net
OtherIncomeExpenseNet
-34099000
CY2013 cim Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
297904000
CY2013 cim Repayments Of Non Retained Secured Debt
RepaymentsOfNonRetainedSecuredDebt
414690000
CY2013 cim Increase Decrease In Investment Management Fees Payable To Affiliate
IncreaseDecreaseInInvestmentManagementFeesPayableToAffiliate
-2017000
CY2013 cim Principal Payments On Securities Sold Under Agreements To Repurchase Financing Activities
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchaseFinancingActivities
7748825000
CY2013 cim Proceeds From Securities Sold Under Agreements To Repurchase Financing Activities
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseFinancingActivities
7879361000
CY2013 cim Management Fees Paid
ManagementFeesPaid
27969000
CY2013 cim Non Cash Investing Activities Net Change In Unrealized Gain Loss On Available For Sale Securities
NonCashInvestingActivitiesNetChangeInUnrealizedGainLossOnAvailableForSaleSecurities
867000
CY2014 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.80
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205450095 shares
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
182777000
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.87
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205508769 shares
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.87
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
58674 shares
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-16471000
CY2014 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
91709000
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2184000
CY2014 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-186348000
CY2014 us-gaap Increase Decrease In Margin Deposits Outstanding
IncreaseDecreaseInMarginDepositsOutstanding
186462000
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
645082000
CY2014 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
72569000
CY2014 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
193534000
CY2014 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
341313000
CY2014 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
47846000
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
953000
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
63992000
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-68750000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
589207000
CY2014 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
540010000
CY2014 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-82852000
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
687795000
CY2014 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0
CY2014 us-gaap Dilutive Securities
DilutiveSecurities
0
CY2014 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
589205000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
589205000
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
575276000
CY2014 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
37570000
CY2014 us-gaap Interest Paid Net
InterestPaidNet
111020000
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
134113000
CY2014 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-103496000
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
55877000
CY2014 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1398000
CY2014 us-gaap Interest Expense
InterestExpense
147785000
CY2014 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
63992000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
5682772000
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
94382000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000
CY2014 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
55279000
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
78236000
CY2014 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales Issues Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesIssuesSettlements
-8479000
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20403000
CY2014 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
11552000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
86991000
CY2014 us-gaap Impairment Of Investments
ImpairmentOfInvestments
8713000
CY2014 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
25213000
CY2014 us-gaap Proceeds From Securitizations Of Loans Held For Investment
ProceedsFromSecuritizationsOfLoansHeldForInvestment
43981000
CY2014 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
956000
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
608000
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
369855000
CY2014 us-gaap Variable Interest Entity Activity Between Vie And Entity Expense
VariableInterestEntityActivityBetweenVIEAndEntityExpense
10004000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-5778558000
CY2014 cim Proceeds From Payments To Settle Derivative Instruments
ProceedsFromPaymentsToSettleDerivativeInstruments
-6923000
CY2014 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Than Temporary Impairments
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOtherThanTemporaryImpairments
63992000
CY2014 cim Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Unrealized Gains Losses Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationUnrealizedGainsLossesIncludedInEarnings
-341000
CY2014 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Realized Gain On Deconsolidation Included In Net Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetRealizedGainOnDeconsolidationIncludedInNetIncome
47846000
CY2014 cim Provision Recoveries For Loan Losses
ProvisionRecoveriesForLoanLosses
-232000
CY2014 cim Noncash Investing Activities Receivable For Investments Sold
NoncashInvestingActivitiesReceivableForInvestmentsSold
1572056000
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0001409493
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-12-31
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.92
CY2014 cim Investment Management Fees Affiliate Recoveries
InvestmentManagementFeesAffiliateRecoveries
8936000
CY2014 cim Other Gains Losses
OtherGainsLosses
144557000
CY2014 cim Other Comprehensive Income Loss Reclassification Adjustment From Accumulated Other Comprehensive Income For Gain On Deconsolidation Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAccumulatedOtherComprehensiveIncomeForGainOnDeconsolidationNetOfTax
47846000
CY2014 cim Other Income Expense Not Reflected In Net Investment Income Loss
OtherIncomeExpenseNotReflectedInNetInvestmentIncomeLoss
23783000
CY2014 cim Investment Management Fees Affiliate Net
InvestmentManagementFeesAffiliateNet
23578000
CY2014 cim Interest Received During Period
InterestReceivedDuringPeriod
577123000
CY2014 cim Noncash Investing Activities Payable For Investments Purchased
NoncashInvestingActivitiesPayableForInvestmentsPurchased
1845282000
CY2014 cim Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Realized Gain Loss On Sale Included In Net Income
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationRealizedGainLossOnSaleIncludedInNetIncome
8749000
CY2014 cim Investment Management Fees Affiliate
InvestmentManagementFeesAffiliate
32514000
CY2014 cim Other Income Expense Net
OtherIncomeExpenseNet
-31368000
CY2014 cim Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
92483000
CY2014 cim Repayments Of Non Retained Secured Debt
RepaymentsOfNonRetainedSecuredDebt
185369000
CY2014 cim Increase Decrease In Investment Management Fees Payable To Affiliate
IncreaseDecreaseInInvestmentManagementFeesPayableToAffiliate
4699000
CY2014 cim Principal Payments On Securities Sold Under Agreements To Repurchase Financing Activities
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchaseFinancingActivities
20331406000
CY2014 cim Realized Gain Loss On Settlement Of Derivative Instruments
RealizedGainLossOnSettlementOfDerivativeInstruments
-1246000
CY2014 cim Repurchase Of Non Retained Secured Debt
RepurchaseOfNonRetainedSecuredDebt
56072000
CY2014 cim Proceeds From Securities Sold Under Agreements To Repurchase Financing Activities
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseFinancingActivities
27128227000
CY2014 cim Management Fees Paid
ManagementFeesPaid
27815000
CY2014 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetPurchases
868275000
CY2014 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Collections
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetCollections
85713000
CY2014 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Sales And Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetSalesAndSettlements
611052000
CY2014 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Accretion Amortization
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetAccretionAmortization
106566000
CY2014 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Realized Gain Loss On Sale Included In Net Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetRealizedGainLossOnSaleIncludedInNetIncome
71383000
CY2014 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Unrealized Gains Losses Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetUnrealizedGainsLossesIncludedInEarnings
195901000
CY2014 cim Non Cash Investing Activities Net Change In Unrealized Gain Loss On Available For Sale Securities
NonCashInvestingActivitiesNetChangeInUnrealizedGainLossOnAvailableForSaleSecurities
55877000
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Trading Symbol
TradingSymbol
CIM
CY2015 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On March 12, 2015, The Company's board of directors approved a 1-for-5 reverse stock split of its common stock. The reverse stock split was effective after the close of trading on April 6, 2015, and the shares of the Company's common stock began trading on a reverse split-adjusted basis on the New York Stock Exchange beginning at the opening of trading on April 7, 2015.
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
199563196 shares
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline"> <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">The repurchase agreements outstanding, weighted average borrowing rates, weighted average remaining maturities, average daily balances and the fair value of collateral pledged as of December 31, 2015 and December 31, 2014 is:</font></div> </div> <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"> &#xA0;</div> <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"> <div align="center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman" cellspacing="0" cellpadding="0" width="95%"> <tr> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="70%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="13%" colspan="2"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">December 31, 2015</font></div> </td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="13%" colspan="2"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">December 31, 2014</font></div> </td> <td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr> <td valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Repurchase agreements outstanding secured by:</font></div> </td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="13%" colspan="2"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="13%" colspan="2"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt" valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 9pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Agency MBS (in thousands)</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">5,324,729</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">7,422,040</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt" valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 9pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Non-agency MBS (in thousands)</font></div> </td> <td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">2,114,610</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">1,033,341</font></td> <td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td style="PADDING-BOTTOM: 4px" valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Total:</font></div> </td> <td style="PADDING-BOTTOM: 4px" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">7,439,339</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">8,455,381</font></td> <td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Average daily balance of Repurchase agreements secured by:</font></div> </td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt" valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 9pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Agency MBS (in thousands)</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">5,776,980</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">4,862,939</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td style="PADDING-BOTTOM: 2px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt" valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 9pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Non-agency MBS (in thousands)</font></div> </td> <td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">$</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">1,627,909</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">329,716</font></td> <td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td style="PADDING-BOTTOM: 4px" valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Total:</font></div> </td> <td style="PADDING-BOTTOM: 4px" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">7,404,889</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">5,192,655</font></td> <td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td valign="bottom" width="70%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Weighted average borrowing rate of Repurchase agreements secured by:</font></div> </td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Agency MBS</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">0.64</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">%</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">0.44</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">%</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Non-agency MBS</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">2.44</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">%</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">1.98</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">%</font></td> </tr> <tr bgcolor="white"> <td valign="bottom" width="70%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Weighted average maturity of Repurchase agreements secured by:</font></div> </td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Agency MBS</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="13%" colspan="2" align="right"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">53 Days</font></div> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="13%" colspan="2" align="right"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">94 Days</font></div> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Non-agency MBS</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="13%" colspan="2" align="right"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">137 Days</font></div> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="13%" colspan="2" align="right"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">146 Days</font></div> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td valign="bottom" width="70%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">MBS pledged as collateral at fair value on Repurchase agreements:</font></div> </td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Agency MBS (in thousands)</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">5,655,410</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="12%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">7,822,554</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td style="PADDING-BOTTOM: 2px" valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Non-agency MBS (in thousands)</font></div> </td> <td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">3,117,875</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">1,487,184</font></td> <td style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td style="PADDING-BOTTOM: 4px" valign="bottom" width="70%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Total:</font></div> </td> <td style="PADDING-BOTTOM: 4px" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">8,773,285</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="12%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">9,309,738</font></td> <td style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> </table> </div> </div> <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"> &#xA0;</div> <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">At December 31, 2015 and December 31, 2014, the repurchase agreements collateralized by RMBS had the following remaining maturities.</font></div> </div> <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"> &#xA0;</div> <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"> <div align="center"> <table style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman" cellspacing="0" cellpadding="0" width="80%"> <tr> <td valign="bottom" width="68%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: center" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: center" valign="bottom" width="14%" colspan="2"> <div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">December 31, 2015</font></div> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: center" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: center" valign="bottom" width="14%" colspan="2"> <div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">December 31, 2014</font></div> </td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="68%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="30%" colspan="6"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">(dollars in thousands)</font></div> </td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="68%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Overnight</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="13%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">-</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> $</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="13%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">-</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td valign="bottom" width="68%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">1 to 29 days</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="13%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">3,312,902</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="13%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">2,652,717</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="68%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">30 to 59 days</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="13%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">2,501,513</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="13%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">1,371,856</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td valign="bottom" width="68%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">60 to 89 days</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="13%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">246,970</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="13%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">656,915</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="bottom" width="68%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">90 to 119 days</font></div> </td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="13%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">430,026</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"> &#xA0;</font></td> <td style="TEXT-ALIGN: right" valign="bottom" width="13%"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">2,068,740</font></td> <td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="white"> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="68%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Greater than or equal to 120 days</font></div> </td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="13%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">947,928</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="13%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">1,705,153</font></td> <td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="68%" align="left"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Total</font></div> </td> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="13%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">7,439,339</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double" valign="bottom" width="1%" align="right"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">$</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="13%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">8,455,381</font></td> <td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">&#xA0;</font></td> </tr> </table> </div> </div> </div>
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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396302000
CY2015 dei Amendment Flag
AmendmentFlag
false
CY2015 dei Entity Registrant Name
EntityRegistrantName
CHIMERA INVESTMENT CORP
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.25
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline"> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"> (o) Use of Estimates</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although the Company&#x2019;s estimates contemplate current conditions and how it expects them to change in the future, it is reasonably possible that actual conditions could be materially different than anticipated in those estimates, which could have a material adverse impact on the Company&#x2019;s results of operations and its financial condition. Management has made significant estimates in accounting for income recognition and OTTI on Agency and Non-Agency RMBS and IO MBS (Note 3), valuation of Agency MBS and Non-Agency RMBS (Notes 3 and 5), residential mortgage loans (Note 4), securitized debt (Note 7) and derivative instruments (Notes 5 and 9). Actual results could differ materially from those estimates.</font></div> </div>
CY2015 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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199650177 shares
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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86981 shares
CY2015 us-gaap Increase Decrease In Other Operating Assets
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42738000
CY2015 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
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77074000
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-5930000
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-114637000
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IncreaseDecreaseInMarginDepositsOutstanding
-82671000
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-22540000
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AccretionAmortizationOfDiscountsAndPremiumsInvestments
-3813000
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-158433000
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RepaymentsOfSecuredDebt
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DeconsolidationGainOrLossAmount
-256000
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StockIssuedDuringPeriodValueRestrictedStockAwardGross
1979000
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67444000
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-136084000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
250350000
CY2015 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
613372000
CY2015 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-83073000
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
872737000
CY2015 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
-12137000
CY2015 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0
CY2015 us-gaap Dilutive Securities
DilutiveSecurities
0
CY2015 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
250349000
CY2015 us-gaap Net Income Loss
NetIncomeLoss
250349000
CY2015 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
381189000
CY2015 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-4852000
CY2015 us-gaap Interest Paid Net
InterestPaidNet
236676000
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-263049000
CY2015 us-gaap Unrealized Gain Loss On Derivatives
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67385000
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OtherComprehensiveIncomeLossNetOfTax
-272889000
CY2015 us-gaap Payments For Repurchase Of Common Stock
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250000000
CY2015 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
8272000
CY2015 us-gaap Interest Expense
InterestExpense
259365000
CY2015 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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67444000
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250000000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-2484771000
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
77284000
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000
CY2015 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
58744000
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CY2015 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales Issues Settlements
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-597000
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31633000
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17145000
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-50558000
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CY2015 us-gaap Labor And Related Expense
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10544000
CY2015 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
378804000
CY2015 us-gaap Variable Interest Entity Activity Between Vie And Entity Expense
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25244000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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2037911000
CY2015 cim Proceeds From Payments To Settle Derivative Instruments
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-13495000
CY2015 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Other Than Temporary Impairments
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67444000
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225000
CY2015 cim Minimum Percentage Net Income Loss Distributed To Qualify As Real Estate Investment Trust
MinimumPercentageNetIncomeLossDistributedToQualifyAsRealEstateInvestmentTrust
0.90 pure
CY2015 cim Employment Agreement With Officers Number
EmploymentAgreementWithOfficersNumber
5 Agreement
CY2015 cim Investment Management Fees Affiliate Recoveries
InvestmentManagementFeesAffiliateRecoveries
6906000
CY2015 cim Other Gains Losses
OtherGainsLosses
-202182000
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17703000
CY2015 cim Interest Received During Period
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OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
1134000
CY2014Q1 us-gaap Impairment Of Investments
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400000
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
1534000
CY2015 cim Noncash Investing Activities Payable For Investments Purchased
NoncashInvestingActivitiesPayableForInvestmentsPurchased
560641000
CY2015 cim Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Realized Gain Loss On Sale Included In Net Income
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443000
CY2015 cim Gain Loss On Termination Of Interest Rate Swaps
GainLossOnTerminationOfInterestRateSwaps
-98949000
CY2015 cim Investment Management Fees Affiliate
InvestmentManagementFeesAffiliate
24609000
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-93396000
CY2015 cim Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
90097000
CY2015 cim Repayments Of Non Retained Secured Debt
RepaymentsOfNonRetainedSecuredDebt
182217000
CY2015 cim Increase Decrease In Investment Management Fees Payable To Affiliate
IncreaseDecreaseInInvestmentManagementFeesPayableToAffiliate
-10357000
CY2015 cim Principal Payments On Securities Sold Under Agreements To Repurchase Financing Activities
PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchaseFinancingActivities
42660323000
CY2015 cim Proceeds From Securities Sold Under Agreements To Repurchase Financing Activities
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchaseFinancingActivities
41644280000
CY2015 cim Management Fees Paid
ManagementFeesPaid
34966000
CY2015 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Transfers Due To Consolidation Deconsolidation
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetTransfersDueToConsolidationDeconsolidation
105870000
CY2015 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Purchases
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-46084000
CY2015 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Collections
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetCollections
350489000
CY2015 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Sales And Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetSalesAndSettlements
-1132526000
CY2015 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Accretion Amortization
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetAccretionAmortization
94542000
CY2015 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Realized Gain Loss On Sale Included In Net Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetRealizedGainLossOnSaleIncludedInNetIncome
23236000
CY2015 cim Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Unrealized Gains Losses Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityNetUnrealizedGainsLossesIncludedInEarnings
-147934000
CY2015 cim Non Cash Investing Activities Net Change In Unrealized Gain Loss On Available For Sale Securities
NonCashInvestingActivitiesNetChangeInUnrealizedGainLossOnAvailableForSaleSecurities
-272889000
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
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GainLossOnSalesOfMortgageBackedSecuritiesMBS
8377000
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GainsLossesOnExtinguishmentOfDebt
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GainLossOnDerivativeInstrumentsNetPretax
-7946000
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DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
15010000
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InterestIncomeExpenseNet
98242000
CY2014Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
120667000
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
100368000
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InterestExpense
22425000
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OtherIncomeExpenseNet
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EarningsPerShareBasic
0.33
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GainLossOnSalesOfMortgageBackedSecuritiesMBS
29565000
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GainLossOnDerivativeInstrumentsNetPretax
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CY2015Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-10425000
CY2015Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
182689000
CY2015Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
243145000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
67042000
CY2015Q1 us-gaap Interest Expense
InterestExpense
60456000
CY2015Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
7815000
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6763000
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ImpairmentOfInvestments
1052000
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-20362000
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EarningsPerShareBasic
0.50
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-4339000
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-42289000
CY2014Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
5791000
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47846000
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InterestIncomeExpenseNet
113638000
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
134318000
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NetIncomeLoss
104769000
CY2014Q2 us-gaap Interest Expense
InterestExpense
20680000
CY2014Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
5347000
CY2014Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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1534000
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ImpairmentOfInvestments
3813000
CY2014Q2 cim Other Income Expense Net
OtherIncomeExpenseNet
-10531000
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
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9685000
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5079000
CY2015Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
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40127000
CY2015Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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InterestIncomeExpenseNet
149760000
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
215804000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
116187000
CY2015Q2 us-gaap Interest Expense
InterestExpense
66044000
CY2015Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
27101000
CY2015Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
24893000
CY2015Q2 us-gaap Impairment Of Investments
ImpairmentOfInvestments
2208000
CY2015Q2 cim Other Income Expense Net
OtherIncomeExpenseNet
-24103000
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.85
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GainLossOnSalesOfMortgageBackedSecuritiesMBS
64107000
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GainLossOnDerivativeInstrumentsNetPretax
-10177000
CY2014Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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162921000
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
151469000
CY2014Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
190355000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
377580000
CY2014Q3 us-gaap Interest Expense
InterestExpense
38886000
CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
1990000
CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
1264000
CY2014Q3 us-gaap Impairment Of Investments
ImpairmentOfInvestments
726000
CY2014Q3 cim Other Income Expense Net
OtherIncomeExpenseNet
11250000
CY2015Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
18000000 shares
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2015Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
13.94
CY2015Q3 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
3539000
CY2015Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-19915000
CY2015Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-92700000
CY2015Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-40955000
CY2015Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
143966000
CY2015Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
211876000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-48259000
CY2015Q3 us-gaap Interest Expense
InterestExpense
67910000
CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
17832000
CY2015Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
250000000
CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
14703000
CY2015Q3 us-gaap Impairment Of Investments
ImpairmentOfInvestments
3129000
CY2015Q3 cim Other Income Expense Net
OtherIncomeExpenseNet
-24362000
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2014Q4 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
23564000
CY2014Q4 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-125936000
CY2014Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
9812000
CY2014Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
176661000
CY2014Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
242455000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
6486000
CY2014Q4 us-gaap Interest Expense
InterestExpense
65794000
CY2014Q4 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
55121000
CY2014Q4 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
51347000
CY2014Q4 us-gaap Impairment Of Investments
ImpairmentOfInvestments
3774000
CY2014Q4 cim Other Income Expense Net
OtherIncomeExpenseNet
-22494000
CY2015Q4 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
18000000 shares
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2015Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
13.94
CY2015Q4 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
34285000
CY2015Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
8906000
CY2015Q4 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
44546000
CY2015Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-69793000
CY2015Q4 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
-256000
CY2015Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
136957000
CY2015Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
201912000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
115380000
CY2015Q4 us-gaap Interest Expense
InterestExpense
64955000
CY2015Q4 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
14696000
CY2015Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
250000000
CY2015Q4 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
12385000
CY2015Q4 us-gaap Impairment Of Investments
ImpairmentOfInvestments
2311000
CY2015Q4 cim Other Income Expense Net
OtherIncomeExpenseNet
-24569000

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