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HomeXpress Mortgage Corp. Announces Definitive Agreement to be Acquired by Chimera Investment Corporation
SANTA ANA, Calif., June 12, 2025--HomeXpress Mortgage Corp. today announced that it has entered into a definitive agreement to be acquired by Chimera Investment Corporation
About this update from Chimera Investment Corporation
[{"type":"text","content":"SANTA ANA, Calif., June 12, 2025--(BUSINESS WIRE)--HomeXpress Mortgage Corp. ("HomeXpress"), a leading national originator of non-QM and business-purpose residential mortgage loans, today announced that it has entered into a definitive agreement to be acquired by Chimera Investment Corporation (NYSE: CIM) ("Chimera") from certain affiliates of Seer Capital Management’s credit fund business ("Seer") and certain management sellers.","length":463,"tagName":"p"},{"type":"text","content":"HomeXpress will operate as a subsidiary of Chimera under the continuing leadership of President and CEO Kyle Walker and the experienced HomeXpress management team.","length":163,"tagName":"p"},{"type":"text","content":""We are honored to join the Chimera organization and to advance our shared commitment to delivering innovative lending solutions to borrowers," said Mr. Walker. "HomeXpress, with its reliable service-first philosophy, combined with its strong partnerships with brokers and loan officers nationwide, will now be even more well-positioned to expand its product offerings and strategically grow the HomeXpress presence. By combining platforms and assets, Chimera and HomeXpress are poised to deliver enhanced value to HomeXpress’ borrowers and further strengthen its relationships with its many business partners."","length":631,"tagName":"p"},{"type":"text","content":"Phillip J. Kardis II, Chimera’s Chief Executive Officer and President added, "We are excited to welcome HomeXpress to the Chimera team and to form this powerful combination. This strategic acquisition marks a significant expansion of Chimera’s presence in the non-QM space, reinforcing its role as a leading real estate investment trust."","length":348,"tagName":"p"},{"type":"text","content":"Phil Weingord, Seer’s Chief Executive Officer also added, "This is an exciting development for HomeXpress. We congratulate Kyle and the entire team and are proud of our collaboration and partnership with them. We have enjoyed working with management to build one of the premier non-QM mortgage platforms in the country, and we wish them continued success in HomeXpress’ next chapter."","length":394,"tagName":"p"},{"type":"text","content":"Piper Sandler & Co. acted as the exclusive financial advisor to HomeXpress and Seer. Ma...