NEW YORK--(BUSINESS WIRE)--
Chimera Investment Corporation, Inc. (NYSE:CIM) announced today that
Teresa Bryce Bazemore has been appointed to the Company’s Board of
Directors. Ms. Bazemore has over 25 years as a senior executive in the
mortgage banking field including most recently until April 2017 as the
President of Radian Guaranty where she oversaw the strategic planning,
business development and operations of the mortgage insurance business
line.
In addition to Radian Guaranty where, prior to being named President,
she served in executive capacities, including Executive Vice President,
General Counsel, Chief Risk Officer and Corporate Secretary of Radian
Group, Ms. Bazemore’s extensive financial services background includes
executive positions at Nexstar Financial Corporation, Bank of America
Mortgage and PNC Mortgage Corp. of America.
Ms. Bazemore was recently elected to the Federal Home Loan Bank of
Pittsburgh (“FHLB Pittsburgh”) as an independent director. She serves on
the FHLB Pittsburgh’s Affordable Housing, Products & Services Committee
and on its Audit Committee. Her professional affiliations have included
the Economic Advisory Council of the Federal Reserve Bank of
Philadelphia, the Fannie Mae National Advisory Council, the Mortgage
Bankers Association of America Board of Directors and many others.
Ms. Bazemore earned a BA from the University of Virginia and a JD from
Columbia University. She is the recipient of a number of awards and
accolades, including Top 20 Leading Industry Women by Mortgage Banking
Magazine, Women of Distinction Award from Philadelphia Business Journal,
Most Powerful & Influential Women of Pennsylvania Award from the
Pennsylvania Diversity Council and, most recently, the 2017 Paradigm
Award from the Chamber of Commerce for Greater Philadelphia.
“We are pleased to welcome Teresa to our Board,” said Paul Donlin,
Chairman of the Board of Directors. “Teresa has extraordinary expertise
in the mortgage banking industry, and we believe Chimera will benefit
greatly from her extensive experience and perspective.”
Other Information
Chimera Investment Corporation is a publicly traded real estate
investment trust, or REIT, that is primarily engaged in real estate
finance. We were incorporated in Maryland on June 01, 2007 and commenced
operations on November 21, 2007. We invest, either directly or
indirectly through our subsidiaries, in RMBS, residential mortgage
loans, Agency CMBS, commercial mortgage loans, real estate-related
securities and various other asset classes. We have elected and believe
that we are organized and have operated in a manner that enables us to
be taxed as a REIT under the Internal Revenue Code of 1986, as amended,
or the Code.
Please visit www.chimerareit.com
and click on Investor Relations for additional information about us.
Disclaimer
This press release includes “forward-looking statements” within the
meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Actual results may differ from
expectations, estimates and projections and, consequently, readers
should not rely on these forward-looking statements as predictions of
future events. Words such as “expect,” “target,” “assume,” “estimate,”
“project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believe,” “predicts,” “potential,”
“continue,” and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements involve
significant risks and uncertainties that could cause actual results to
differ materially from expected results, including, among other things,
those described in our Annual Report on Form 10-K for the year ended
December 31, 2016, and any subsequent Quarterly Reports on Form 10-Q,
under the caption “Risk Factors.” Factors that could cause actual
results to differ include, but are not limited to: the state of credit
markets and general economic conditions; changes in interest rates and
the market value of our assets; the rates of default or decreased
recovery on the mortgages underlying our target assets; the occurrence,
extent and timing of credit losses within our portfolio; the credit risk
in our underlying assets; declines in home prices; our ability to
establish, adjust and maintain appropriate hedges for the risks in our
portfolio; the availability and cost of our target assets; our ability
to borrow to finance our assets and the associated costs; changes in the
competitive landscape within our industry; our ability to manage various
operational risks and costs associated with our business; interruptions
in or impairments to our communications and information technology
systems; our ability to acquire residential mortgage loans and
successfully securitize the residential mortgage loans we acquire; our
ability to oversee our third party sub-servicers; the impact of any
deficiencies in the servicing or foreclosure practices of third parties
and related delays in the foreclosure process; our exposure to legal and
regulatory claims; legislative and regulatory actions affecting our
business; the impact of new or modified government mortgage refinance or
principal reduction programs; our ability to maintain our REIT
qualification; and limitations imposed on our business due to our REIT
status and our exempt status under the Investment Company Act of 1940.
Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Chimera does not undertake or accept any obligation to release publicly
any updates or revisions to any forward-looking statement to reflect any
change in its expectations or any change in events, conditions or
circumstances on which any such statement is based. Additional
information concerning these and other risk factors is contained in
Chimera’s most recent filings with the Securities and Exchange
Commission (SEC). All subsequent written and oral forward-looking
statements concerning Chimera or matters attributable to Chimera or any
person acting on its behalf are expressly qualified in their entirety by
the cautionary statements above.
Readers are advised that the financial information in this press release
is based on company data available at the time of this presentation and,
in certain circumstances, may not have been audited by the company’s
independent auditors.
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Investor Relations
888-895-6557
www.chimerareit.com
Source: Chimera Investment Corporation, Inc.