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Chimera Investment Corporation (NYSE: CIM) (“Chimera”) Announces Definitive Agreement to Acquire HomeXpress Mortgage Corp.

1. Chimera Investment Corporation acquires HomeXpress Mortgage Corp. for strategic expansion. 2. HomeXpress specializes in non-QM and non-Agency mortgage products, enhancing CIM's portfolio.

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FAQ

Why Bullish?

Acquiring HomeXpress allows CIM to diversify and potentially increase revenue streams, beneficial during rising interest rates. Historically, similar acquisitions have led to stock price appreciation.

How important is it?

The acquisition significantly alters CIM's operational landscape, improving their ability to capture market opportunities in the mortgage sector.

Why Long Term?

The long-term benefits from increased product offerings and market reach will improve CIM's competitiveness over time. Past acquisitions in similar sectors have shown sustained performance improvements in revenue growth and market position.

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SEERFannie Mae (FNMA)Freddie Mac (FMCC)
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (“Chimera”) today announced that on June 11, 2025, it entered into a definitive agreement to acquire HomeXpress Mortgage Corp. (“HomeXpress”) from certain affiliates of Seer Capital Management's credit fund business (“Seer”) and certain management sellers (together with Seer, the “Sellers”). HomeXpress is a leading originator of consumer non-QM, investor business purpose, and other non-Agency mortgage loan products, as well a.

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