Chimera Investment Corporation Completes Acquisition of HomeXpress Mortgage Corp
Reuters
Oct 02
Chimera Investment Corporation Completes Acquisition of HomeXpress Mortgage Corp
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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chimera Investment Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251001289277) on October 01, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.