Chimera Investment Corporation $(CIM)$ has completed its previously announced acquisition of HomeXpress Mortgage Corp. from affiliates of Seer Capital Management and certain management sellers. HomeXpress, a leading originator of non-QM, investor business purpose, and other non-Agency mortgage loan products, as well as Agency mortgage loans, operates across 46 states and Washington, D.C. The purchase price includes a closing payment of $239.5 million-comprising an estimated book value of $119.5 million (subject to post-closing adjustments), plus a $120 million cash premium and 2,077,151 shares of Chimera common stock. HomeXpress will continue to operate as a subsidiary of Chimera, with Kyle Walker and key members of the senior management team remaining in place.