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Chimera Investment Corporation (NYSE: CIM) (“Chimera”) Completes Acquisition of HomeXpress Mortgage Corp.

1. Chimera Investment Corporation completes acquisition of HomeXpress Mortgage Corp. 2. HomeXpress specializes in non-QM and non-Agency mortgage loan products.

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$13.4210/01 10:18 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition expands CIM's product offerings in a lucrative market segment, potentially enhancing revenue streams. Historically, similar acquisitions in the mortgage sector have led to positive stock performance for firms like CIM.

How important is it?

The acquisition is a significant move for CIM, likely impacting investor perception positively and signaling future growth potential.

Why Long Term?

The strategic addition of HomeXpress positions CIM for sustained growth in a high-demand market. It may take time for the financial benefits to materialize in the stock price.

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LADRKREF
NEW YORK--(BUSINESS WIRE)--Chimera Investment Corporation (NYSE: CIM) (“Chimera”) announced today that it has completed the previously announced acquisition of 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 as an origin.

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