We expect the many actions taken on our liability structure to have a positive impact on our earnings available for distributions for many quarters into the future. Actions taken this year have made a significant impact on the earnings and have reduced the cost of financing for our loan portfolio on non-agency RMBS by 140 basis points since year-end. Securitization has enabled Chimera to lock in long-term non-mark-to-market financing while insulating our high-yield risk retention assets from voluntary prepayments. And for the year, we have resecuritized 13 of our legacy reperforming deals, totaling roughly $6 billion. This quarter and throughout the year, we have continued to bolster our liability structure through securitization activity and improvements made to our repo facilities, both in rate and tender.
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