Chimera Company Description
This Chimera has the body of a mortgage real estate investment trust (REIT) but its head is that of its manager, FIDAC (Fixed Income Discount Advisory Company), a wholly-owned subsidiary of Annaly Capital Management. Formed in 2007, the company invests in residential mortgage loans; residential mortgage-backed securities (RMBS), such as those guaranteed by government agencies Fannie Mae and Freddie Mac; real estate-related securities; and various other asset classes, including collateralized debt obligations, or CDOs. The REIT went public in 2007, just as the subprime market went bust.
View the Comprehensive Company Description for Chimera
The Company Description provides a historical perspective of Chimera's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Chimera's evolution in the marketplace.
