Jefferies Maintains Hold on Chimera Investment

Jefferies is out with its report today on Chimera Investment

, maintaining Hold. In a note to clients, Jefferies writes, "With the exception of the 60-day+ bucket, delinquencies continued to show Y/Y improvement. The 60-day and greater delinquency category (this category captures foreclosures and bankruptcies), continues to cure as we suspect foreclosure inventory is working its way out of the system. In general, we view credit as behaving relatively well, however, early stage delinquencies will be the most important delinquency data points for us over the next several months" At the time of posting, shares of CIM were trading at $3.49, down 0.85% from Friday's close.