If you want to know who really controls Chimera Investment Corporation ( NYSE:CIM ), then you'll have to look at the...
This past year has been particularly difficult for companies in the mortgage market. The abrupt increase in interest rates has crushed mortgage originators, as borrowers no longer have an incentive to refinance their home loans. Mortgage originators have also struggled with declining home sales, which also has been driven by rising rates and soaring home prices.
NEW YORK, December 12, 2022--Chimera Investment Corporation ("Chimera" or the "Company") (NYSE:CIM) today announced leadership changes intended to strengthen the Company’s performance, and position the Company to navigate changing market dynamics.