Chimera Investment Corporation reported second-quarter earnings available for distribution of $0.46 per diluted common share, maintaining coverage for its $0.45 quarterly dividend. GAAP net loss was $4 million, or $0.05 per diluted common share, while GAAP book value per common share stood at $17.75, resulting in an economic return of negative 0.76 percent. The residential origination segment originated $1.1 billion in volume, up 30 percent from the prior year period, and generated $9 million of net income. The investment portfolio segment completed two re-securitizations of residential mortgage loans with an aggregate principal balance of $487 million and purchased an additional $122 million of newly originated loans from HomeXpress, bringing loans retained at quarter end to $301 million.
Chimera Investment CorporationQ2 earnings available for distribution of $0.46 per share cover the $0.45 dividend, and residential origination volume rose 30%.
