India, June 12 -- Chimera Investment Corporation (CIM) said on Thursday that it has inked a deal to acquire HomeXpress Mortgage Corporation from certain affiliates of Seer Capital Management's credit fund business and certain management sellers in share and cash.
Phillip J. Kardis II, CEO of Chimera, said: "Bringing together Chimera's strong history of loan securitization, structured finance, and third-party loan management and advisory services with HomeXpress' loan origination platform is expected to enhance our enterprise value. We expect this acquisition to be accretive to Chimera's earnings in 2026."
Under the terms, Chimera Funding TRS, Chimera's REIT subsidiary, will acquire HomeXpress from the sellers. The purchase price will be e...