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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Allowance for credit losses $ 122,000 $ 180,000
Stockholders' Equity:    
Preferred stock, par value (usd per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (shares) 100,000,000 100,000,000
Common stock, par value (usd per share) $ 0.01 $ 0.01
Common stock, shares authorized (shares) 500,000,000 500,000,000
Common stock, shares issued (shares) 236,883,020 230,556,760
Common stock, shares outstanding (shares) 236,883,020 230,556,760
Assets [1] $ 16,004,224,000 $ 17,523,019,000
Liabilities [1] 12,155,676,000 13,743,633,000
Variable Interest Entities, Primary Beneficiary    
Stockholders' Equity:    
Assets 10,865,801,000 12,165,017,000
Liabilities 7,400,498,000 8,063,110,000
Non-Agency RMBS    
Allowance for credit losses 122,000 180,000
Non-Agency RMBS | Variable Interest Entities, Primary Beneficiary    
Allowance for credit losses   117,000
Repurchase Agreements    
Liabilities:    
Securities pledged as collateral 5,018,442,000 6,696,214,000
Repurchase Agreements | Residential Mortgage-Backed Securities    
Liabilities:    
Securities pledged as collateral 5,000,000,000 6,700,000,000
Securitized Loans | Non-Agency RMBS    
Liabilities:    
Securities pledged as collateral 424,000,000 505,000,000
Securitized Loans | Loans Held for Investment at Fair Value    
Liabilities:    
Securities pledged as collateral $ 11,300,000,000 $ 12,400,000,000
Series A Preferred Stock    
Stockholders' Equity:    
Preferred stock, dividend rate (percent) 8.00% 8.00%
Preferred stock, shares issued (shares) 5,800,000 5,800,000
Preferred stock, shares outstanding (shares) 5,800,000 5,800,000
Preferred Stock, liquidation preference $ 145,000 $ 145,000
Series B Preferred Stock    
Stockholders' Equity:    
Preferred stock, dividend rate (percent) 8.00% 8.00%
Preferred stock, shares issued (shares) 13,000,000 13,000,000
Preferred stock, shares outstanding (shares) 13,000,000 13,000,000
Preferred Stock, liquidation preference $ 325,000 $ 325,000
Series C Preferred Stock    
Stockholders' Equity:    
Preferred stock, dividend rate (percent) 7.75% 7.75%
Preferred stock, shares issued (shares) 10,400,000 10,400,000
Preferred stock, shares outstanding (shares) 10,400,000 10,400,000
Preferred Stock, liquidation preference $ 260,000 $ 260,000
Series D Preferred Stock    
Stockholders' Equity:    
Preferred stock, dividend rate (percent) 8.00% 8.00%
Preferred stock, shares issued (shares) 8,000,000 8,000,000
Preferred stock, shares outstanding (shares) 8,000,000 8,000,000
Preferred Stock, liquidation preference $ 200,000 $ 200,000
[1] The Company's consolidated statements of financial condition include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Chimera Investment Corporation). As of September 30, 2021, and December 31, 2020, total assets of consolidated VIEs were $10,865,801 and $12,165,017, respectively, and total liabilities of consolidated VIEs were $7,400,498 and $8,063,110, respectively. See Note 9 for further discussion.