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Stock impact report

Chimera Investment Corporation (NYSE: CIM) ("Chimera") Completes Acquisition of HomeXpress Mortgage Corp. [Yahoo! Finance]

Chimera Investment Corporation (CIM) 
Last chimera investment corporation earnings: 2/12 07:00 am Check Earnings Report
US:NYSE Investor Relations: chimerareit.com/investors
Company Research Source: Yahoo! Finance
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 originator of Agency mortgage loans with a nationwide presence across 46 states and D.C. "The successful closing of this transaction is a major step in the continued evolution of Chimera," said Phillip J. Kardis II, President and Chief Executive Officer of Chimera. "We are excited to combine our talented teams and further establish our position as a leader in creating, managing and investing in residential credit assets. The addition of the HomeXpress team and expansion of our platform capabilities demonstrates our ongoing commitment to delivering long-term value to shareholders." Kyle W Show less Read more
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