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Chimera Investment Corporation Message Board

  • hubcap1234_00 hubcap1234_00 Aug 12, 2013 5:52 PM Flag

    New filing cant post numbers. Miss deadline

    What the heck are these guys doing.. Read the filing. Came to my email today.. Crazy.... Train keystone cops.

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    • I believe the problem is the OTTI calculation. This calculation is related to impairment of future cash flows and is an estimate. However, more than a year has passed and the realized amount of impairment has been received by the company on certain loans. So the question is how do I make an estimate on a OTTI loan for June 30, 2012 in August of 2013 when some loans subject to the OTTI calculation have completed foreclosure and I have the proceeds if any or the loan has been paid off through refinance . FASB has to decide if I should make the estimate based on the information I had on June 30, 2012 which may be materially different than the actual dollars I received . An interesting problem.

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