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Mortgage REIT Insider: Chimera Gets a Lesson on Leverage 

Jun 06, 2008By

Earlier this year, Chimera Investment Corp. [stock CIM][/stock] bit off more than it could chew, and indigestion finally set in this past week. I wondered back in March if Chimera was quietly struggling to stay afloat after leveraging up at just the wrong time — it had quadrupled its reliance on repurchase lines just as competitor MFA Mortgage [stock MFA][/stock] was selling assets to de-lever its balance sheet.

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Updated 11 months ago